RECORDAL Clause Samples
The RECORDAL clause establishes the requirement for formally documenting or registering certain agreements, rights, or changes with relevant authorities or registries. In practice, this clause may apply to intellectual property assignments, licenses, or changes in ownership, where the parties must ensure that the transaction is officially recorded to be effective or enforceable against third parties. Its core function is to provide legal certainty and public notice of the parties' rights or obligations, thereby preventing disputes and protecting interests by ensuring that records are up to date and accessible.
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RECORDAL. 2.1. The SCC is the Fund’s standard terms and conditions of contract and constitutes part of the Service Provider Agreement between the Fund and the Service Provider, or in lieu of a Service Provider Agreement, constitutes part of the Purchase Order issued by the Fund to the Service Provider (whichever is applicable)
2.2. All references to the Agreement are references to the Service Provider Agreement or Purchase Order (whichever is applicable) and the SCC and the GCC.
RECORDAL. 3.1 The Seller purchased the land with the view of developing the Land by the Opening of a Sectional Title scheme on the land, as indicated on the Site Development Plan attached hereto.
3.2 The Sectional Plan has not been prepared or approved, as it can only be prepared once the construction of the building has reached such an advanced stage which allows the surveyor to prepare the Sectional Plan. The exact and final boundaries and area of the Section will be as indicated on the approved Sectional Plan.
3.3 The Sectional Plan will be registered and the Register will be opened in the relevant deeds registry as soon as it is reasonably possible after the Completion Date and that transfer of the Property shall preferably take place simultaneously with or as soon as possible after the opening of the Register.
RECORDAL. 2.1 The Seller is or will at the relevant time be the registered owner of the Land, which it is in the process of improving by constructing a building or buildings comprising of residential Sections, exclusive use areas and Common Property.
2.2 The Seller hereby sells to the Purchaser who hereby purchases the Property upon the terms and conditions more fully described in this Agreement and subject to the fulfilment of the suspensive conditions set out in clauses 5 and 6 respectively.
RECORDAL. 3.1. The Seller wishes to develop the Land by the construction of the Building thereon.
3.2. The Seller has procured the completion of the Drawings.
3.3. The Seller has appointed the Contractor to construct the Building.
3.4. The Seller wishes to sell the Property prior to the commencement of the construction of the Building. INITIAL
3.5. The Building has not been completed and the Sectional Plan not yet drawn nor registered and accordingly the exact and final boundaries of the Components will only be reflected on the approved Sectional Plan.
RECORDAL. 3.1 The Seller wishes to develop the Land, being a portion of the Parent Property.
3.2 The Seller has procured the approval of the SDP.
3.3 The Seller wishes to sell the Property after the opening of the Township Register.
3.4 The General Plan has been drawn and in process to be registered and accordingly the exact extent and final boundaries of the Property will be reflected on the approved General Plan.
3.5 The Seller has appointed the Contractor to perform the Works as provided for in this Agreement.
RECORDAL. 1.1. The Service Provider has been awarded a contract in terms of the Fund’s Request for Proposal process of procurement.
1.2. This Service Provider Agreement serves to record the agreement between the parties and to regulate all aspects of the services and/or products to be supplied by the Service Provider and the general business relationship between the parties.
1.3. The Scope of Work specifying the services and products to be supplied to the Fund are those contained in the Fund’s Request for Proposal under reference number , and any additions or amendments thereto furnished to the Service Provider during the procurement process. It is recorded that the Service Provider accepted these provisions and on the basis thereof submitted its proposal and any supplementary information thereto.
1.4. Such Scope of Work is incorporated into the provisions of this Service Provider Agreement as if specifically mentioned and are binding and enforceable on the parties.
1.5. In the event of any of the provisions of the Fund’s Request for Proposal and any additions or amendments thereto furnished to the Service Provider during the procurement process, including the Scope of Work mentioned in clause 1.4 above, being in conflict with the provisions of this Service Provider Agreement, the provisions of this Service Provider Agreement (including the Annexures to this Service Provider Agreement) shall prevail.
1.6. It is recorded that the further Annexures to this Service Provider Agreement are as follows:
RECORDAL. 1.1. The Service Provider may be awarded a contract in terms of the Fund‟s Request for Proposal process of procurement, subject to clause 18 hereunder.
1.2. This Agreement serves to record the agreement between the parties and to regulate all aspects of the services and/or products (“Deliverable/s”) to be supplied by the Service Provider and the general business relationship between the parties.
1.3. The Terms of Reference or Specifications of the Deliverables to be supplied to the Fund are those contained in the Fund‟s Request for Proposal and any additions or amendments thereto furnished to the Service Provider in the bid process. It is recorded that the Service Provider accepted these provisions and on the basis thereof submitted its bid and any supplementary information thereto.
1.4. Such Terms of Reference or Specifications are incorporated into the provisions of this Agreement as if specifically mentioned and are binding and enforceable on the parties.
1.5. In the event of any of the provisions of the Fund‟s Request for Proposal and any additions or amendments thereto furnished to the Service Provider in the bid process (“the Bid Documents”), including the Terms of Reference or Specifications mentioned in 1.5 and 1.6 above, being in conflict with the provisions of this Agreement, the provisions of this Agreement (including the Annexures to this Agreement) shall prevail.
RECORDAL. 2.1 The Seller is the registered owner of the land comprising the Development, as indicated on Appendix 2 hereto.
2.2 The Seller intends to install municipal services to the boundary of the Property as required in terms of the subdivision conditions.
2.3 The Seller wishes to sell the Property subject to the condition that the Purchaser will be obliged to improve the Property in accordance with the provisions of the Building Agreement and upon the further terms and conditions of this Agreement.
RECORDAL. 2.1 The Seller is the registered owner of ▇▇▇▇▇ in the Acres Precinct.
2.2 The Seller wishes to sell the Property with the Buildings constructed thereon, including the Furniture, Fixtures and Fittings and Golf Cart, to the Purchaser as a turnkey product upon the further terms and conditions of this Agreement.
RECORDAL. 3.1. The Seller wishes to develop the Land by the construction of the Building thereon.
3.2. The Seller has procured the completion of the Drawings.
3.3. The Seller, as the appointed Main Contractor will manage the building works, and will appoint the Sub- Contractor by means of the JBCC to construct the Building as provided for in this Agreement.
3.4. The Seller wishes to sell the Property prior to the commencement of or during the construction of the Building.
3.5. The Building has not been completed and the Sectional Plan not yet drawn nor registered and accordingly the exact and final boundaries of the Components will only be reflected on the approved Sectional Title Plan.