8 Reservation of Title of the

8. Reservation of Title

8.1	The Company shall retain title to the Products until it has received payment in full of all sums due in connection with the supply of the Products to the Buyer or in connection with any other transaction. For these purposes the Company has only received a payment when the amount of that payment is irrevocably credited to its bank account.
8.2	If any of the products owned by the Company is attached to, mixed with, or incorporated into other goods, not owned by the Company and is not identifiable or separable from the resulting composite or mixed goods, title to the resulting composite or mixed goods shall vest in the Company and shall be retained by the Company for as long as and on the same terms as those on which it would have retain title to the products in question.
8.3	The Buyer shall store the Products owned by the Company in such a way that they are clearly identifiable as the Company's property, shall maintain records of such Products identifying them as the Company's property of the persons to whom it sells disposes of such Products and of the payment made by such persons for such Products. It will allow the Company to inspect these records and the Products themselves on request. All products supplied by the Company in the Buyers possession shall be presumed to belong to the Company.(unless the Buyer can prove otherwise).
8.4	The Company shall be entitled to trace the proceeds of sale and any insurance proceeds received in respect of the Products owned by the Company. Such proceeds shall be paid into a separate bank account and shall be held by the buyer on trust for the Company.
8.5	If the Buyer fails to make payment to the Company when due, enters into bankruptcy, liquidation or a composition With its creditors, has a receiver, manager or administrator appointed over all or part of its assets, or becomes Insolvent or if the Company has reasonable cause to believe that any of these events is likely to occur, the Company shall have the right without prejudice to any other remedies.
8.5.1	to enter without prior notice any premises where the Products owned by it may be, and to repossess and dispose of any such Products owned by it so as to discharge any sums owned to it by the Buyer;
8.5.2	to require the Buyer not to re-sell or part with possession of the Products owned by it until the Buyer has paid in full all sums owned to it by the Company;
8.5.3	to withhold delivery of any undelivered Products and stop any Products in transit. Unless the Company expressly elects otherwise any contract between it and the Buyer for the supply of the Products shall remain in existence notwithstanding any exercise by the Company of its rights under this clause.
8.6	The Products shall once the risk has passed to the Buyer in accordance with cause 6.4 or otherwise be and remain at the Buyers risk at all times unless and until the Company has retaken possession of such Products.
8.7	In addition to any right of lien to which the Company may by law be entitled, the Company shall upon the occurrence of any of the events described in clause 8.5 above be entitled to a general lien on all the goods of the Buyer in the Company’s possession (although such goods or some of them my have been paid for) for the Unpaid price of the Products or any other goods sold and delivered to the Buyer by the Company under this Contract or any other contract between the Company and the Buyer.