Reservation of the right to rescind the contrac
- If, after conclusion of the contract, the seller gains knowledge of facts which, from the point of view of a prudent businessman, give reasons for doubts regarding the buyer's ability to pay, the seller shall be entitled to demand pre-payment prior to delivery.
- The seller shall be entitled to rescind the contract, if it or a third party have undertaken an unsuccessful enforcement attempt against the buyer or if a petition for institution of bankruptcy or composition proceedings against the buyer has been filed with the court.
- The seller shall also be entitled to suspend or withhold any further supplies, insofar as interim payments owed by the buyer are not made punctually.
- The customer's rights resulting from the contracts concluded with us shall not be assignable unless our consent was expressly given in writing.