A lesson in the art of the repo man
Article Abstract:
ROT (rentention of title) clauses protect unpaid sellers. There are 4 main types of ROT clauses: the simple clause which states that unpaid goods remain the seller's property; the current account which allows all goods to remain the seller's property until all the money is paid; mixed goods which means that if the goods have become part of a product the seller can retrieve them and the process of sale clause which needs to be registered at Companies House where the client holds the proceeds of sale in trust for the seller. Section 25(1) of the Sales of Goods Act defines who owns the goods when a client resells.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Capital punishment
Article Abstract:
It is extremely common for disputes to arise in the UK construction industry over claims made by contractors for additional costs arising from delays or variations which are attributable to the client. In many cases, contractors receive no compensation because they cannot prove that their losses were directly caused by the client. In order to avoid these situations, contractors should undertake detailed pre-contract planning, thus establishing a standard by which progress will be assessed. Details of pre-contract planning are given in Keith Pickavance's book 'Delay and Disruption in Construction Contracts.'
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Modern European languages
Article Abstract:
The complex nature of the European Union Construction Products Directive will make it too hard to implement, mainly because the language used is too complicated. Introduction of the directive is aimed at standardizing the industry throughout Europe, making it easier for firms to trade with each other. Products will need to meet exacting standards developed by either the European Technical Approvals or the Harmonised European Standards, although this double standard will itself create further complications.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Fleecing the farmers to muck out the cities. Show business. Adjudication: what's the verdict?
- Abstracts: Open season for silly answers to the recession. Stormy weather ahead. The rough with the smooth
- Abstracts: Pigment of the imagination. Shock tactics
- Abstracts: Trial by fire. Capital injection. Welcome to the pleasure dome: construction companies looking for work could soon find themselves drawn towards a new form of family entertainment venue: the leisure box
- Abstracts: Building insurance inherent defects. Taking uninsured risks. Where angels fear to tread