The Vendor retains the ownership of the material and the equipment sold until the effective payment of the entire amount.
The Buyer can neither sell, nor modify the material or the equipment before full payment of the invoice.
In the event of subsequent sale, the Vendor retains the possibility of claiming the price of the Products held by the sub-purchaser.
The Vendor will be able to exercise its rights under the present clause of property reserve, and in accordance with the specific legislative and regulatory provisions relating to the territory on which the good concerned is located. For any of its claims with respect to the Products in possession of the Buyer, the latter will be contractually presumed to be unpaid. The Vendor shall be entitled to take them back or to claim them as compensation for all its unpaid invoices, without prejudice to its right to cancel the ongoing sales.
In the event of a judicial administration or a judicial liquidation of the company of the Buyer, the latter must immediately inform the Vendor and he will be able to claim the property of the transferred goods.
It is specified that the non-payment of any of the due dates may result in the claim of the Products.