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What is a Romalpa clause?

clause romalpa
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What is a Romalpa clause?

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• A Romalpa clause is a title retention clause, which serves to separate the passing of title, and risk of loss and which provides that until payment is received, title remains with the seller. The following is an example of a Romalpa clause. Risk of loss and damage shall pass to the Buyer upon delivery. Title shall pass to the buyer upon payment in full.

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