ejendomsforbehold: what does it mean in Danish debt collection?
ejendomsforbehold in English: retention of title
info General information, not legal advice. Always check the current rules and get advice on your specific case. Disclaimer
Short answer
An agreement that the seller keeps ownership of goods until they are paid for. Only valid on certain conditions.
Explanation
Retention of title must be agreed no later than handover of the goods; a reservation first mentioned on the invoice after delivery is too late. The total amount must also exceed DKK 2,000 (section 34 of the Credit Agreements Act). It only gives real security if the goods can still be identified and have not been resold, processed or built into something else. Special rules apply to credit sales to consumers. If in doubt, have the clause checked before you rely on it.
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Article: Retention of title
Related terms
- CVR-nummer CVR number (company registration number)
- erhvervsdrivende business, trader
- betalingspåkrav payment order
- factoring factoring
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