Credit Account - Supply Agreement

Title to Goods

By placing an order on this website ( you the Account holder agree to the following conditions:

Any goods ordered by the Account holder must be paid in accordance with the Suppliers normal terms and conditions current at the date of invoice.

  1. Title of each item of the Goods will not pass to the Account holder until the Account holder has made payment in full to the Supplier for all amounts owing to the Supplier in respect of the Goods and no other amounts are then outstanding from the Account holder to the Supplier in respect of other Goods by the Supplier.
  2. Until title passes to the Account holder, the Account holder will hold the Goods on trust for the Supplier at the Premises but may sell the Goods in the ordinary course of its business.  The Account holder will keep possession of the Goods at the Premises in good condition and free from any lien, distress, execution, or other legal process and will store them in such a way that can easily be identified as the Supplier’s property.  The Account holder will inform the Supplier of the whereabouts of the Goods upon request.
  3. The Supplier may terminate this agreement immediately if the Account holder breaches any material term of this agreement, or if the Account holder becomes or threatens to become insolvent, or if a receiver or administrative receiver is appointed or threatens to be appointed over all or any part of its assets, or if an order for administration is made or threatens to be made in respect of the Account holder, or if an order is made or threatens to be made or resolution passed or threatens to be passed for winding up the Account holder.
  4. On termination, the Supplier may suspend any deliveries to be made to the Account holder, reclaim any Goods in which title has not yet passed to the Account holder and demand the repayments of all sums owing to the Supplier.
  5. This agreement is governed by English law and the Account holder, and the Supplier hereby agree to submit to the exclusive jurisdiction of the English courts.