Central Books Standard Trading Conditions for Resellers, Retailers and Wholesalers
1. In this clause you are referred to as “the Buyer”, we are referred to as “the Seller”, any goods to be sold under these terms are referred to as “the Goods”, and the price you agree to pay for the Goods is referred to as “the Price”
1.1. The Goods shall be at the Buyer’s risk as from delivery.
1.2. In spite of delivery having been made, property in the Goods shall not pass from the Seller until:
1.2.1. The Buyer shall have paid the Price (plus VAT if applicable) in full and
1.2.2. No other sums whatever shall be due from the Buyer to the Seller.
1.3. The Seller shall still be entitled to be paid the Price irrespective of the fact that property in any of the Goods has not passed from the Seller to the Buyer.
1.4. Until such time as property in the Goods passes from the Seller, the Buyer shall upon request deliver up such of the Goods as have not ceased to be in existence or resold to the Seller. If the Buyer fails to do so, the Seller may enter upon any premises owned, occupied or controlled by the Buyer where the Goods are situated and repossess the Goods.
1.5. The Buyer shall not pledge or in any way charge by way of security for any indebtedness any of the Goods which are the property of the Seller. Without prejudice to the other rights of the Seller, if the Buyer does so, all sums owed by the Buyer to the Seller shall forthwith become due and payable.
1.6. Any licence granted to the Buyer to sell or use the Goods shall terminate immediately if the Buyer shall enter into liquidation or be adjudicated bankrupt or shall make any assignment for the benefit of its creditors or if a bankruptcy or any insolvency proceeding shall be filed by or against the Buyer and not discharged within 30 days.
1.7. If the Buyer exceeds their credit terms the Seller may charge the Buyer interest on late payment.
1.8. If the Buyer exceeds their credit terms the Seller may charge the Buyer any costs incurred by using debt recovery agencies or legal means to recover the overdue debts.
2. In the event of any provision of this Agreement proving to be invalid, voidable or unenforceable then no other provision of these terms shall be affected as a result and accordingly the remaining terms shall remain in full force and effect as though such void, invalid or unenforceable provision had not been contained in these terms.