Retention of title | Practical Law

Retention of title | Practical Law

Retention of title

Retention of title

Practical Law UK Glossary 8-107-7160 (Approx. 3 pages)

Glossary

Retention of title.

A contractual provision by which, in its simplest form, the passing of title in goods supplied under the contract is made conditional on payment of the full purchase price by the buyer. Also known as a Romalpa clause, following the Court of Appeal decision in Aluminium Industrie Vaasen BV v Romalpa Aluminium Limited, the first leading case concerning the device ([1976] 1 WLR 676).