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Memorandum of independent expert estimation
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Memorandum of independent expert estimation
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MEMORANDUMTo find out why
OF INDEPENDENT EXPERT ESTIMATION № G_____
Cape Town «__» _____ 20__
1. Memorandum of independent expert estimation (hereinafter — the Memorandum) defines (forms) main regulations, conditions, order of carrying out and concluding deals, connected with the conclusion of the Contract Assignment on carrying out of an independent expert estimation and the Expert Loan Contract, and also the essence and the maintenance of carrying out directly the independent expert estimation.
1.1. PARTIES within bounds of the Contract Assignment on carrying out of an independent expert estimation dd «__» _____ 20__ №_____(hereinafter — Comission Contract on independent estimation) and Loan Contract (expert) dd «__» _____ 20__ №_____ (hereinafter — Loan Contract (estimation)) (hereinafter all — Contracts)entered the Memorandum as follows:
1. Memorandum of independent expert estimation (further — the Memorandum) defines (forms) main regulations, conditions, order of carrying out and concluding deals, connected with the conclusion of the Contract Assignment on carrying out of an independent expert estimation and the Expert Loan Contract, and also the essence and the maintenance of carrying out directly the independent expert estimation.
1.1. PARTIES within bounds of the Contract Assignment on carrying out of an independent expert estimation dd «__» _____ 20__ №_____ and Loan Contract (expert) dd «__» _____ 20__ №_____ entered the Memorandum as follows:
2. PARTY-1 to PARTY-2 guarantees:
2.1. at the moment of signing the Memorandum and the Contracts, property of PARTY-1, which is an object of expert appraisal is not sold to the third parties, is not arrested under court decision, is not disputed, third parties at the moment of concluding the Memorandum and the Agreement did not claim any prospective or valid property rights.
2.1. at the moment of signing the Memorandum and the Contracts, property of PARTY-1, which is an object of expert appraisal is not sold to the third parties, is not arrested under court decision, is not disputed, third parties at the moment of concluding the Memorandum and the Agreement did not claim any prospective or valid property rights.
2.2. signing the documents of the Contract Assignment on carrying out of an independent expert estimation and the Expert Loan Contract and according to the order and conditions of Independent estimation itself, PARTY-1 is aware and informed of all the aspects, peculiarities, conditions, consequences and responsibilities connected with this kind of transactions.
2.3. PARTY-1 assigns to PARTY-2 the starting date of works performance terms (services) under the Contract Assignment on carrying out of an independent expert estimation and the Requirement specification (request) on estimation carrying out.
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A Memorandum on the conduct of an independent examination