Common use of Right of Possession Clause in Contracts

Right of Possession. Delivered goods shall to the extent permitted by the law of the country where the goods are situated, remain the property of TAIGA AB until the whole sum payable under the contract is paid. The ownership includes the right to the goods as delivered or converted and the right to the assets or the money wich the Purchaser may have acquired from disposing of the goods or products made thereof. Money so received in payment must be kept on a separate account by the Purchaser.

Right of Possession. Delivered goods shall to the extent permitted by the law of the country where the goods are situated, remain the property of TAIGA AB until the whole sum payable under the contract is paid. The ownership includes the right to the goods as delivered or converted and the right to the assets or the money wich the Purchaser may have acquired from disposing of the goods or products made thereof. Money so received recieved in payment must be kept on a separate account by the Purchaser.