Mold Lien & Retention

Mold Lien & Retention Background
The plastics industry supports mold lien legislation because it provides molders and moldmakers with a means to obtain payment without having to resort to complicated and expensive paperwork and litigation.

Issue Briefs

Mold Lien
Mold lien laws provide a procedure for a molder or a moldmaker to legally take possession of and sell a customer's mold as recourse in classes of non-payment for a mold or parts produced with that mold.

Mold Retention
Mold retention laws provide a legal method for manufacturers to dispose of molds which are obsolete or have not been used for an extended period of time.