HANDOVER AND TAKEOVER OF THE OBJECT OF PURCHASE Sample Clauses
The 'Handover and Takeover of the Object of Purchase' clause defines the process and conditions under which the purchased item is formally transferred from the seller to the buyer. Typically, this clause outlines the timing, location, and documentation required for the handover, such as signing a delivery protocol or inspection report to confirm the item's condition. Its core function is to establish a clear point at which responsibility and risk for the object shift from seller to buyer, thereby preventing disputes regarding ownership, liability, or damage after the transaction.
POPULAR SAMPLE Copied 1 times
HANDOVER AND TAKEOVER OF THE OBJECT OF PURCHASE. 7.1 The Seller shall deliver the Object of Purchase to the place of delivery along with the delivery note and other documents required by this Contract.
7.2 If the Object of Purchase does not meet requirements of this Contract, the Buyer is entitled to refuse the takeover of the Object of Purchase. In such a case the Seller shall remedy the deficiencies within ten (10) working days, unless Parties agree otherwise. The Buyer is entitled (but not obliged) to takeover the Object of Purchase despite the above mentioned deficiencies, in particular if such deficiencies do not prevent the Buyer in the proper operation of the Object of Purchase. In such a case the Seller and the Buyer shall list the deficiencies and stipulate the manner and the date of their removal (remedy). If the Parties do not reach agreement regarding the date of the removal, the Seller shall remove the deficiencies shall be removed within ten (10) working days.
7.3 Parties exclude the application of the Section 2126 of the Civil Code.
HANDOVER AND TAKEOVER OF THE OBJECT OF PURCHASE. 8.1 Prior to the handover and takeover of the Objects of Purchase the Seller shall carry out tests and provide the Buyer with verifications in accordance with Annex 1 (Technical Specification) to this Contract.
8.2 Afther the delivery of the Objects of Purchase to the place of delivery, the Buyer may confirm to the Seller the custody of the Objects of Purchase (if Seller asks for such confirmation), however it does not mean that the Buyer takes over (accepts) the Objects of Purchase. The takeover (acceptance) of the Objects of Purchase shall be realized on the basis of an acceptance protocol only after the Buyer is satisfied that its requirements under this Contract are met.
8.3 Each Object of Purchase may be transported, handed over and accepted separately. In such case, the Object of Purchase shall have its own acceptance protocol.
8.4 If the Seller fails to duly package any of the Objects of Purchase or if any of the Objects of Purchase does not meet requirements stipulated in this Contract, the Buyer is entitled to refuse the takeover (acceptance) of such Object(s)
HANDOVER AND TAKEOVER OF THE OBJECT OF PURCHASE. 7.1 Prior to the handover and takeover of the Object of Purchase the Seller shall test the Object of Purchase in accordance with Annex 1 (Technical Specification) to this Contract. The Seller shall inform the Buyer in advance of the date of the testing and shall allow the Buyer to be present during the testing.
7.2 Handover and takeover of the Object of Purchase shall be realized on the basis of an acceptance protocol.
7.3 If the Object of Purchase does not meet requirements stipulated in this Contract, the Buyer is entitled to refuse the takeover of such Object(s)
HANDOVER AND TAKEOVER OF THE OBJECT OF PURCHASE. 8.1 Handover and takeover of the Objects of Purchase shall be realized on the basis of an acceptance protocol.
8.2 If any of the Object(s) of Purchase does not meet requirements stipulated in this Contract, the Buyer is entitled to refuse the takeover of such Object(s)
HANDOVER AND TAKEOVER OF THE OBJECT OF PURCHASE. 7.1 Prior to the delivery of the Object of Purchase to the Buyer, the Seller shall test the Object of Purchase in accordance with Annex 1 (Technical Specification) to this Contract.
7.2 The acceptance of the Object of Purchase shall be realized on the basis of an acceptance protocol (hereinafter “Acceptance protocol”) issued by the Buyer.
7.3 If the Object of Purchase (including required documentation) does not meet requirements stipulated in this Contract, the Buyer is entitled to refuse the acceptance of the Object of Purchase. The Buyer is entitled (but not obliged) to accept the Object(s) of Purchase despite the above mentioned deficiencies, in particular if such deficiencies do not prevent the Buyer from the proper operation of the Object(s)