All goods delivered shall remain our property until paid for in full. The Buyer shall be obliged to advise us immediately of any action by third parties against the goods delivered under retention of title.
If due to resale or for any other reason our title to the delivered goods is destroyed then the claims arising out of such destruction against third parties to the amount of our claims shall pass to us in each particular case also without a special agreement.
The laws on preferential settlement as per § 43 and § 46 of the Bankruptcy Act shall remain reserved to us. The right of disposal shall cease to exist once the Buyer suspends his payments.
Place of performance: Herford/Westf.
Court of jurisdiction: Herford or Bonn at our option.