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Rights arising from the retention of title and all special forms thereof stipulated in the present conditions shall be valid until full release of the contingent liabilities we have entered into in the buyer’s interest. m)    In the case of the buyer’s insolvency, we shall be entitled already before maturity of setoff claims to set off against our outstanding claims, section 94 InsO (German Insolvency Act).

Rights arising from product defects:

The merchandise delivered by us must be inspected immediately. Possible defects shall be reported immediately, otherwise the goods shall be deemed as accepted.

In the event of justified complaints, we shall be obliged, at our option, to either rectify the defects and/or to make a substitute delivery. The limitation of liability shall not apply in the case of fraudulent intent or lack of guaranteed characteristics.

Last Updated on Thursday, 02 July 2009 11:40