Metroun - Vesting Certificates, are they needed, 22122021

A vesting certificate can be used as evidence that ownership belongs to the client upon payment, defeating third party claims of retention of title. In other words, if a contractors becomes insolvent before the items have arrived to site, the vesting certificate is proof that the client is the rightful owner. So that solves that issue right? Well, there’s a little more to it....