MemberNovember 14, 2008 at 2:51 pm
Gavin, it’s called a "Retention of title clause" and is standard practice to use it on most contracts of sale.
Whilst it can be challenged it does actually form part of the initial contract when an order is accepted with those terms included.
In something of far greater value an administrator would have a fight on his hands if trying to make the goods part of the assets of a company if the contract was worded as such.
That’s why you will see it in so many terms and conditions of sale (small print).
It’s better that having done nothing.