FILLED PLOTS Sample Clauses

FILLED PLOTS. VERY IMPORTANT! 7.1 The risk and benefit of ownership of the completed WORKS will vest in the EMPLOYER from the day on which the EMPLOYER takes possession and occupation of the PROPERTY and the completed WORKS. 7.2 The parties’ record that no employee of the CONTRACTOR has the authority to agree to an earlier or later date of occupation dates and such an agreement will not be binding on the CONTRACTOR. Only written communications regarding occupation dates on a letterhead of the CONTRACTOR and signed by the CONTRACTOR will bind the CONTRACTOR. 7.3 The CONTRACTOR will not be obligated to give occupation and possession of the WORKS until the date of completion, and then only once any and all amounts due to the CONTRACTOR in terms of this AGREEMENT have been paid to the CONTRACTOR. 7.4 Once the CONTRACTOR offers possession and occupation, the EMPLOYER will not be entitled to refuse or delay possession and occupation beyond the date offered by the CONTRACTOR. Should the EMPLOYER fail to take occupation on the date provided by the CONTRACTOR, then risk will nevertheless pass to the EMPLOYER from that date, and any damage caused thereafter will be for the account of the EMPLOYER. 7.5 TIMEFRAME: 7.5.1 SINGLE STOREY: MONTHS; 7.5.2 DOUBLE STOREY: MONTHS; 7.5.3 Construction of the units will commence no later than months after registration of the property into the name of the owner.