The Inspection Clause Examples

The Inspection clause establishes the right of one party, typically the buyer or client, to examine goods, services, or property before final acceptance or payment. In practice, this clause outlines the procedures, timelines, and standards for conducting inspections, such as allowing a buyer to review delivered products for defects or conformity with contract specifications. Its core function is to ensure that the receiving party has an opportunity to verify that what is being provided meets agreed-upon requirements, thereby reducing the risk of accepting substandard or nonconforming goods or services.
The Inspection. 5.1 You agree the survey is not intended as an itemised breakdown of all defects, as many may be typical of similar or in some cases historic properties and thus can be said to be part of the inherent building makeup which would no doubt fall short of modern regulations and construction standards. Defects and shortcomings which are likely to significantly adversely affect the use of the property, or give rise to significant expenditure in the future, shall be identified. In cases where Costings have been purchased and allowed for as part of a Level 3 Building Survey or Precision Plus Survey (not available with the Level 2 HomeBuyers Report); where defect items are not easily quantifiable, we do not give a budget cost. Costings are provided to give the client the surveyor’s opinion of what You should reasonably expect to pay to rectify the defects found and listed in the report. Formal quotations should be obtained prior to making a legal commitment to purchase the property. The report is based on a visual examination of the property on the day of inspection only. The inspection does not involve any destructive or intrusive testing or removal of the floorboards, floor and wall coverings or investigation of other inaccessible items or removal of personal items. We are therefore unable to confirm that such areas are free from defects at this time.
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The Inspection. The Buyer shall instruct the mechanic 7.3.1. to inspect the Car and may specify what should be inspected; and 7.3.2. to deliver to each party either (i) a Satisfactory Certificate, if the inspection reveals that the Car is in good operating condition, normal wear and tear excepted; or (ii) an Inadequacy Certificate, if the inspection reveals that the Car is not in good operating condition, normal wear and tear excepted.
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The Inspection. 5.1 You agree the survey is not intended as an itemised breakdown of all defects as many may be typical of similar or in some cases historic properties and thus can be said to be part of the inherent building makeup which would no doubt fall short of modern regulations and construction standards. Defects and shortcomings which are likely to significantly adversely affect the use of the property or give rise to significant expenditure in the future shall be identified. In cases where Costings have been purchased and allowed for as part of a Level 3 Building Survey (not available with the Level 2 HomeBuyers Report); where defect items are not easily quantifiable, we do not give a budget cost. Costings are provided to give the client the surveyors opinion of what You should reasonably expect to pay to rectify the defects found and listed in the report. Formal quotations should be obtained prior to making a legal commitment to purchase the property. The report is based on a visual examination of the property on the day of inspection only. The inspection does not involve any destructive or intrusive testing or removal of the floorboards, floor, wall coverings or investigation of other inaccessible items or removal of personal items. We are therefore unable to confirm that such areas are free from defects at this time.
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The Inspection. Upon execution of this Agreement we agree to provide a single visual inspection of the property (the “Inspection”) examining the readily accessible features of the Property. The Inspection shall be non-invasive, and will not involve removal, upheaval, damage to or disassembly of any components of the Property. The inspection will be performed in accordance with the Standards of Practice and Code of Ethics which are attached to this agreement. In performing an inspection under these parameters it is important for you to understand that we cannot tell you everything about the house. For a regular inspection we will have the written Profile and Assessment Report (the “Report”) available for you at the end of the inspection if you attend, or within one week in Canada if you do not attend and the Inspection results will not be deemed complete until the Report is prepared and delivered. During the Inspection, the homeowners’ rights will be respected, including any restrictions they choose to impose. If additional visits to the Property are required for any reason, additional fees may be charged. A two hour minimum will apply to any billing.
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The Inspection 
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Related to The Inspection

  • Records; Inspection Reneo shall, and shall cause its Affiliates and Sublicensees to, keep complete, true and accurate books of account and records for the purpose of determining the payments to be made under this Agreement. Such books and records shall be kept for [***] years following the end of the calendar year to which they pertain. Such records shall be open for inspection during such period by independent accountants, solely for the purpose of verifying payment statements hereunder for a period covering not more than the [***] prior to the date of request; provided that no period shall be subject to inspection under this section more than once. Such inspections shall be made no more than once each calendar year, on reasonable notice during normal business hours. The auditor will execute a reasonable written confidentiality agreement with Reneo and will disclose to vTv only such information as is reasonably necessary to provide vTv with information regarding any actual or potential discrepancies between amounts reported and actually paid and amounts payable under this Agreement. The auditor will send a copy of the report to Reneo at the same time it is sent to vTv. The report sent to both Parties will include the methodology and calculations used to determine the results. Any unpaid amounts (plus interest as set forth in Section 3.8) that are discovered shall be paid promptly by Reneo. Inspections conducted under this Section 3.9 shall be at the expense of vTv, unless the inspection discloses an underpayment by Reneo of [***] or more of the amount due for any period covered by the inspection, whereupon all costs relating to the inspection for such period shall be paid promptly by Reneo. If an inspection conducted pursuant to this Section 3.9 discloses an overpayment by Reneo, then Reneo will deduct the amount of such overpayment from amounts otherwise owed to vTv under this Agreement, unless no further payments are due hereunder, in which case the amount of such overpayment shall be refunded by vTv to Reneo.

  • IN INSPECTION Before, at the time of the Tenant accepting possession, or shortly thereafter, the Landlord and Tenant: (check one)

  • Goods Inspection The Commissioner of DAS, in consultation with the Client Agency, shall determine the manner and prescribe the inspection of all Goods and the tests of all samples submitted to determine whether they comply with all of the specifications in the Contract. If any Goods fail in any way to meet the specifications in the Contract, the Client Agency or the Commissioner of DAS may, in its sole discretion, either reject it and owe nothing or accept it and pay for it on an adjusted price basis, depending on the degree to which the Goods meet the specifications. Any decision pertaining to any such failure or rejection shall be final and binding.

  • Audits/Inspections Contractor agrees to permit the County’s Auditor-Controller or the Auditor- Controller’s authorized representative (including auditors from a private auditing firm hired by the County) access during normal working hours to all books, accounts, records, reports, files, financial records, supporting documentation, including payroll and accounts payable/receivable records, and other papers or property of Contractor for the purpose of auditing or inspecting any aspect of performance under this Contract. The inspection and/or audit will be confined to those matters connected with the performance of the Contract including, but not limited to, the costs of administering the Contract. The County will provide reasonable notice of such an audit or inspection. The County reserves the right to audit and verify the Contractor’s records before final payment is made. Contractor agrees to maintain such records for possible audit for a minimum of three years after final payment, unless a longer period of records retention is stipulated under this Contract or by law. Contractor agrees to allow interviews of any employees or others who might reasonably have information related to such records. Further, Contractor agrees to include a similar right to the County to audit records and interview staff of any subcontractor related to performance of this Contract. Should the Contractor cease to exist as a legal entity, the Contractor’s records pertaining to this Contract shall be forwarded to the County’s project manager.

  • Final Inspection The Contractor shall complete the list of items identified on the Pre-Final Punchlist prior to requesting a Final Inspection. Unless otherwise specified, or otherwise agreed in writing by the parties as documented on the Certificate of Substantial Completion, the Contractor shall complete and/or correct all Work within thirty (30) days of the Substantial Completion date. Upon completion of the Pre-Final Punchlist work, the Contractor shall give written notice to the ODR and A/E that the Work will be ready for Final Inspection on a specific date. The Contractor shall accompany this notice with a copy of the updated Pre-Final Punchlist indicating resolution of all items. On the date specified or as soon thereafter as is practicable, the ODR, A/E and the Contractor will inspect the Work. The A/E will submit to the Contractor a Final Punchlist of open items that the inspection team requires corrected or completed before final acceptance of the Work. 12.1.2.1 The Contractor must correct or complete all items on the Final Punchlist before requesting Final Payment. Unless otherwise agreed to in writing by the parties, complete this work within seven (7) days of receiving the Final Punchlist. Upon completion of the Final Punchlist, the Contractor shall notify the A/E and ODR in writing stating the disposition of each Final Punchlist item. The A/E, Owner and Contractor shall promptly inspect the completed items. When the Final Punchlist is complete, and the Contract is fully satisfied according to the Contract Documents the ODR will issue a certificate establishing the date of Final Completion. Completion of all Work is a condition precedent to the Contractor's right to receive Final Payment.