Distribution Agreements · glossary
A seller keeping ownership of goods until they are paid for. Each machine stays Cressby’s until its price is paid in full, even while Tullavane rents it out. Irish law decides whether this works for machines in Ireland. Agreement, clause 10.1 · Chapter 5 · see Free carrier (FCA)
Explained in Chapter 5, Delivery, Risk, Retention of Title and Force Majeure, of Distribution Agreements.
Cressby gives Tullavane 30 days to pay each invoice. So for a while Tullavane has the machines but has not paid for them. Retention of title means that the seller keeps ownership of goods until they are paid for.Read Chapter 5, Delivery, Risk, Retention of Title and Force Majeure →
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