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Retention of Title
Thorogood Publishing, May 2009, Pages: 100
This briefing seeks to scotch that popular myth and ensure you, the reader, are put in a position where you can recover goods in such a situation by judicious use of a well drafted “retention of title clause” and ensuring your terms and conditions apply and form part of the contract between the parties.
Sadly most of the disputes we have handled in the recession have come about because one or other party did not get their commercial deal down in writing at the start. They started running a company without a shareholder agreement. Or they supplied goods without any terms and conditions in writing. Or they had terms but they omitted important legal issues. Often saving half an hour of a lawyer’s cost in the initial drafting stage means a company has 18 months of High Court litigation. It is much cheaper to have a written agreement than to argue later over which terms apply.
This briefing will light the way on how to ensure you retain title to goods
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