Reservation of property right
All products remain in our possession until all liabilities arising from issued invoices are settled.
In case of matured receivables, the buyer can sell the goods with our consent, provided that the amount obtained is transferred to our business account.
We can claim the right to make transfers from products selling up to the amount of due receivables, so it is up to this partner's shareholder. By selling goods, of which we are a co-owner, we cover liabilities up to the amount of all receivables, or we are a co-owner of goods up to the amount of receivables.
In relation to injuries on the goods, the reduction in the value of such goods, the loss or destruction or detention of goods, the value or the level of the property right shall not be reduced. The right of co-ownership is always summed up by the full, value-added value of the goods at the buyer.
The client or buyer is obliged to notify us without delay in case of seizure, confiscation, or other alienation or interference by third parties in our goods. We have the right, in particular, in the event of a payment of the payment determined by the contract, to exercise the ownership right and to take back the goods at the expense of the buyer. In such a case, the customer or buyer is obliged to arrange the return of the goods immediately.
The rights to the reservation of title and all of these conditions apply until the full settlement of the obligations that the buyer has with us.