Reservation of the right to rescind the contrac

  1. 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.
  2. 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.
  3. 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.
  4. The customer's rights resulting from the contracts concluded with us shall not be assignable unless our consent was expressly given in writing.