Common use of RISK, INSURANCE, LIABILITY, AND INDEMNITY Clause in Contracts

RISK, INSURANCE, LIABILITY, AND INDEMNITY. 2.1 The Purchaser(s) is/are hereby notified that this Agreement contains terms and conditions that: 2.1.1. requires the Purchaser(s) to waive or to accept risk or liability or to waive the liability of the Builder or others; and 2.1.2. limits the Builder's or others' liability; and 2.1.3. requires the Purchaser(s) to indemnify the Builder or others; and 2.1.4. amounts to an acknowledgment of fact by the Purchaser(s). 2.2 The Purchaser(s) attention are drawn to the fact that the Consumer Protection Act, Act, 68 of 2008 requires that abovementioned be brought expressly under the attention of the Purchaser(s) in plain language and that the Purchaser(s) be given enough time to receive and understand same. Initial here Initial here 2.3 The type of clauses referred to above is printed in bold and italics and the Purchaser(s) is/are required to initial next to same to indicate compliance with the Consumer Protection Act, Act, 68 of 2008.

Appears in 2 contracts

Samples: Building Agreement, Building Agreement

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RISK, INSURANCE, LIABILITY, AND INDEMNITY. 2.1 The Purchaser(s) is/are hereby notified that this Agreement contains terms and conditions that: 2.1.1. requires the Purchaser(s) to waive or to accept risk or liability or to waive the liability of the Builder or others; and 2.1.2. limits the Builder's or others' liability; and 2.1.3. requires the Purchaser(s) to indemnify the Builder or others; and 2.1.4. amounts to an acknowledgment of fact by the Purchaser(s).. Initial here 2.2 The Purchaser(s) attention are drawn to the fact that the Consumer Protection Act, Act, 68 of 2008 requires that abovementioned be brought expressly under the attention of the Purchaser(s) in plain language and that the Purchaser(s) be given enough time to receive and understand same. Initial here Initial here 2.3 The type of clauses referred to above is printed in bold and italics and the Purchaser(s) is/are required to initial next to same to indicate compliance with the Consumer Protection Act, Act, 68 of 2008.

Appears in 2 contracts

Samples: Building Agreement, Building Agreement

RISK, INSURANCE, LIABILITY, AND INDEMNITY. 2.1 The Purchaser(s) is/are hereby notified that this Agreement contains terms and conditions that: 2.1.1. 2.1.1 requires the Purchaser(s) to waive rights or to accept risk or liability or to waive the liability of the Builder Contractor or others; and 2.1.2. 2.1.2 limits the BuilderContractor's or others' liability; and 2.1.3. 2.1.3 requires the Purchaser(s) to indemnify the Builder Contractor or others; and 2.1.4. 2.1.4 amounts to an acknowledgment of fact by the Purchaser(s). 2.2 The Purchaser(s) attention are drawn to the fact that the Consumer Protection Act, Act, No. 68 of 2008 2008, requires that abovementioned be brought expressly under the attention of the Purchaser(s) in plain language and that the Purchaser(s) be given enough time to receive and understand same. Initial here Initial here. 2.3 The type of clauses referred to above is printed in bold and italics and the Purchaser(s) is/are required to initial next to same to indicate compliance with the Consumer Protection Act, Act, No. 68 of 2008.. Initial here

Appears in 1 contract

Samples: Building Agreement

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RISK, INSURANCE, LIABILITY, AND INDEMNITY. 2.1 The Purchaser(s) is/are hereby notified that this Agreement contains terms and conditions that: 2.1.1. requires the Purchaser(s) to waive or to accept risk or liability or to waive the liability of the Builder or others; and 2.1.2. limits the Builder's or others' liability; and 2.1.3. requires the Purchaser(s) to indemnify the Builder or others; and 2.1.4. amounts to an acknowledgment of fact by the Purchaser(s).. Initial here 2.2 The Purchaser(s) attention are drawn to the fact that the Consumer Protection Act, Act, 68 of 2008 requires that abovementioned be brought expressly under the attention of the Purchaser(s) in plain language and that the Purchaser(s) be given enough time to receive and understand same. Initial here Initial here. 2.3 The type of clauses referred to above is printed in bold and italics and the Purchaser(s) is/are required to initial next to same to indicate compliance with the Consumer Protection Act, Act, 68 of 2008.. Initial here

Appears in 1 contract

Samples: Building Agreement

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