Terms and Conditions of Contracts for Projects from POME by Gautam Koppala VT
unclear when an acceptance has taken place. While a buyer has a legal duty to accept products, the Buyer is afforded a reasonable opportunity to inspect and reject non-conforming products. Acceptance occurs if the Buyer:
Fails to make an effective rejection within a reasonable time period;
Acknowledges that the products conform to the contract; or
Acts in any way inconsistent with the seller’s ownership.
The standard Acceptance clauses reduce the uncertainty associated with acceptance by defining the acceptance period. This is not intended to reduce the Buyer’s inspection rights. Instead, it creates a reasonable, fixed time period on which the parties can rely to manage their obligations, and it reduces the likelihood of disputes over whether an acceptance occurred.
Buyers typically seek to expand the acceptance period or leave it undefined. This
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72