svanteschubert / complex-business-cases

The complex business cases collected by French and German businesses.
Apache License 2.0
6 stars 0 forks source link

Invoices with contractual reserve clause #67

Open svanteschubert opened 1 year ago

svanteschubert commented 1 year ago

Background

Invoices with contractual reserve clause

French Use Case n°26: Invoices with contractual reserve clause

Case of invoices 95% paid by the customer with a contractual reserve clause generating a 5% withholding.

NOTE: The above text was taken from case no. 26 of the PDFs - originally from the French government site: https://www.impots.gouv.fr/specifications-externes-b2b (see uses cases V2.2 & our translated use cases V2.3)

edmundgray commented 1 year ago

Invoices with a contractual reserve clause in France are typically associated with the concept of "retention of title". This means that the seller retains ownership of the goods until full payment is received

In the context of an invoice, this clause would specify that the goods being sold remain the property of the seller until the buyer has paid the invoice in full. This can provide the seller with some protection in case the buyer defaults on payment.

Sources (1) Legal terms for payments in France | CMS Expert Guides (2) France – Terms of payment in an international agreement. . (3) Mandatory character of French payment terms in an international contract.

edmundgray commented 1 year ago

The issue here is; Is this handled the same in each country - In Ireland it is simply stated in the Note field

phax commented 6 months ago

Is this linked to #9 ?

In Austria this is "Haftrücklass".