§ 6 Retention of Title
(1) The purchased item shall remain the property of Brander Landtechnik Vertriebsgesellschaft mbH until full payment has been made. In transactions with businesses, retention of title shall apply until all claims already arising from the business relationship or ancillary claims arising in close connection with the delivered goods (such as usage interest, default damages, etc.) have been settled. In the case of transactions on current account, retention of title shall also serve as security for the company’s balance claim.
(2) Prior to the transfer of ownership, pledging, transfer by way of security, processing, or modification without the express consent of BRANDER Landtechnik Vertriebsgesellschaft mbH is not permitted. If BRANDER Landtechnik Vertriebsgesellschaft mbH loses ownership of the delivered items as a result of installation or assembly, the customer grants BRANDER Landtechnik Vertriebsgesellschaft mbH, to the exclusion of Sections 947, 948, and 950 of the German Civil Code (BGB), proportional co-ownership of the combined, mixed, or processed item.
If the customer fails to meet their payment obligations, their right to use the co-owned items shall expire. BRANDER Landtechnik Vertriebsgesellschaft mbH shall be entitled to take possession of the relevant item and sell it by private sale. The proceeds shall be offset against the outstanding claim after deduction of costs, and any remaining amount shall be paid to the customer.
(3) Any processing, assembly, or other utilization of goods subject to retention of title shall be deemed to be carried out on behalf of Brander Landtechnik Vertriebsgesellschaft mbH. If the goods subject to retention of title are mixed, combined, or commingled with other goods (“third-party goods”), the customer hereby assigns their ownership or co-ownership rights in the new item to the accepting company and shall store such item for the company free of charge with due commercial care.
The customer is obliged to provide all information relating to the processing, assembly, or other utilization of goods subject to retention of title that is necessary for the enforcement of the claims of BRANDER Landtechnik Vertriebsgesellschaft mbH.
(4) If the customer resells the goods subject to retention of title, either alone or together with third-party goods, they hereby assign to BRANDER Landtechnik Vertriebsgesellschaft mbH the claims arising from such resale in the amount of the outstanding claims of BRANDER Landtechnik Vertriebsgesellschaft mbH.
(5) In the event of default in payment by the customer, the company shall be entitled, after a single reminder, to repossess the goods subject to retention of title, and the customer shall be obliged to surrender them. For this purpose, the customer grants BRANDER Landtechnik Vertriebsgesellschaft mbH the right to enter the premises, mark, or remove the delivered goods. The costs of repossession shall be borne by the customer.