Contract Delivery Clause Samples
The Contract Delivery clause defines the obligations and procedures for delivering goods, services, or documents under the agreement. It typically specifies the delivery timeline, location, and method, and may outline requirements for acceptance or inspection upon receipt. This clause ensures both parties are clear on when and how contractual items are to be provided, reducing the risk of disputes related to late, incomplete, or improper delivery.
Contract Delivery. Unless otherwise requested by Broker and agreed ----------------- to by MLIDC, once a Contract has been issued, it shall be delivered to Broker and, after review by Broker, shall be timely delivered by Broker to the applicant, accompanied by any documents required to be delivered by Applicable Law and any additional appropriate documents. In the case of long-term care insurance, Broker shall ensure delivery of each new long-term care insurance contract within thirty (30) days of the contract's approval date. MLIDC shall confirm or cause to be confirmed to customers all Contract transactions, to the extent required by Applicable Law, and shall administer the Contracts after they have been delivered, but may from time to time require assistance from Broker. If a purchaser exercises the free look rights under a Contract, Broker shall indemnify MLIDC for any loss incurred by MLIDC or its Affiliates that results from Broker's failure to promptly deliver such Contract to its purchaser.
Contract Delivery a. The contract may be delivered only if:
i. The proposed insured or contract owner at the time of delivery is, to the best of Agent’s knowledge and belief, in as good a condition of health and insurability as stated in the application for such contract;
ii. The first premium has been fully paid; and
iii. Twenty days have not elapsed from the date said contract was issued by Insurer.
b. Any contract not delivered shall be immediately returned to Insurer upon expiration of the twenty-day period.
Contract Delivery. Broker shall deliver newly issued contracts to the contract owner in accordance with MetLife’s published guidelines. In the case of long‐term care insurance, Broker shall deliver each new long‐term care insurance contract within thirty (30) days of the contract’s approval date, Broker shall have each contract owner sign a delivery receipt consistent with MetLife’s requirements. For medically underwritten policies, in situations in which no premium is paid with the application, Broker shall deliver a policy only if, to the best of his or her knowledge, the insured is in as good a condition of health and insurability as is stated in the original application for the contract. If ▇▇▇▇▇▇ becomes aware of any change in condition of health and insurability, the policy must not be delivered to the contract owner but must be returned to MetLife.
Contract Delivery. Federal Life will transmit Contracts to Selling Firms for delivery to the owner if the Selling Agreement so provides; otherwise Federal Life will mail the Contract directly to the owner.
Contract Delivery. If the Contract is signed by the user, it shall be executed in duplicate and both parties shall retain one copy each as the proof.
Contract Delivery. EFSS recognizes three (3) distinct phases of this contract: Initiation, Execution, and Closure. Within each phase, the Department and the Contractor have specific objectives, responsibilities, and Deliverables.
Contract Delivery. General Agent shall deliver and take reasonable steps to insure the Brokers deliver newly issued contract to the contract owner in accordance with MetLife’s published guidelines. In the case of long‐term care insurance, General Agent shall ensure that each new long‐term care insurance contract is delivered within thirty (30) days of the contract’s approval date, General Agent shall have, and shall take reasonable steps to ensure each Broker has each contract owner sign a delivery receipt consistent with MetLife’s requirements. For medically underwritten policies, in situations in which no premium is paid with the application, General Agent shall deliver a policy only if, to the best of its knowledge, the insured is in as good a condition of health and insurability as is stated in the original application for the contract. If General Agent becomes aware of any change in condition of health and insurability, the policy must not be delivered to the policy owner but must be returned to MetLife.
Contract Delivery. Upon issuance of a Contract by Insurer, Insurer will deliver such Contract to its purchaser. If a Contract is returned to Broker/Dealer or Subproducer pursuant to the "Free Look" provision or any other right to examine provision of the Contract, the Broker/Dealer will return the contract to Insurer promptly, which means returned to the Insurer's Annuity Service Center (as identified in the prospectus) on or before the 3(rd) business day after receipt by Broker/Dealer or Subproducer.
Contract Delivery. Pacific Life will mail all Contracts to the Pacific Associate’s business address. Pacific Associate will promptly deliver issued Contracts at which time the Pacific Associate will obtain the Contract Owner’s signature on a delivery receipt and promptly forward signed delivery receipts to Pacific Life. For purposes of this Agreement, "delivery" shall mean such delivery whereby the Contract Owner takes actual physical possession of the Contract form and all attachments.
Contract Delivery. The Company shall deliver the Contract to Contract-owners, however, Company reserves the right to, upon written request of Schwab, transmit Contracts to Schwab for delivery to Contract-owners. Schwab hereby agrees to deliver all such Contracts to Contract-owners promptly upon its receipt thereof from the Company. Schwab agrees that the indemnification provisions of this Agreement include any and all costs, expenses, loss, damages and attorneys' fees resulting from ▇▇▇▇▇▇'▇ failure to perform or inability to prove performance of the undertakings described in this section, and authorizes the Company to set off any amount it owes the Company under this section against any and all amounts otherwise payable to or on behalf of Schwab by the Company pursuant to this Agreement. The Company reserves the right to revoke or withdraw this privilege, in whole or in part, at any time, and without prior notice.