In order to avoid disputes, it is important to set out when the risk of damage or loss regarding the Products will pass to the Reseller – in this case, upon delivery.
The Reseller cannot expect Wavelink to be responsible for Products in the Reseller’s possession, much like the Reseller won’t be responsible for the Products once in the customer’s possession.
Wavelink will retain a security interest in the Products until such time that it receives payment in full. The Reseller should have appropriate insurance.
