NEMBA definition
Examples of NEMBA in a sentence
It is therefore incumbent upon the Purchaser, at the Purchaser’s cost, to make any necessary enquiry in this regard with the relevant expert, the Property having been sold voetstoots and the Seller being entirely free from any obligations or liabilities in respect of any alien and invasive species which may in fact be on the Property and which the Purchaser, as the registered owner of the Property, will be obliged to deal with in accordance with the provisions of Section 73 of the NEMBA.
Office of Juvenile Justice and Delinquency Prevention, Project Summary (OAG Award Document), 2018-MC-FX- K065.
Benefit sharing agreements in South Africa are governed by contract law, and thus parties can agree terms of their own choosing, guided by and within the framework set by NEMBA.
It is therefore incumbent upon the Purchaser, at the Purchaser’s cost, to make any necessary enquiry in this regard with the relevant expert, the Unit having been sold voetstoots and the Seller being entirely free from any obligations or liabilities in respect of any alien and invasive species which may in fact be on the Land or the common property and which the Purchaser, as the registered owner of the Unit, will be obliged to deal with in accordance with the provisions of Section 73 of the NEMBA.
The Body Corporate will, however, be liable to comply with the provisions of NEMBA in respect of all common areas and shall be entitled to raise levies for this purpose.
The process of negotiating benefit sharing agreements under NEMBA is required to be supervised by the relevant ministry, the South African Department of Environmental Affairs, and finally approved by the Minister.