Eleanor Timber Supplies Ltd (“ETS”) sells timber to its customers, some of whom are regular customers while others just make a single purchase. ETS’s terms require payment within 30 days of the date of delivery. Some of ETS’s customers resell the timber but others use it to manufacture various goods which they then store for subsequent sale.
Although ETS has written terms of sale they do not include a retention of title clause.
Advise ETS why they ought to incorporate a retention of title clause into their standard terms of sale and what protection such a clause might provide.
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