Glossary entry

English term or phrase:

for receipt

English answer:

so as to be received on the specified date

Added to glossary by Charles Davis
Nov 6, 2013 15:23
11 yrs ago
5 viewers *
English term

for receipt

English Law/Patents Law (general) General
This appears in the following sentence:

Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in ibis Agreement.

What does "for receipt" mean in this context? Thanks in advance.
Change log

Nov 10, 2013 00:08: Charles Davis Created KOG entry

Votes to reclassify question as PRO/non-PRO:

Non-PRO (1): Anna Herbst

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Responses

+3
18 mins
Selected

so as to be received on the specified date

To say that the delivery will be made for receipt on the due date means that the delivery will reach the recipient on the due date. "For receipt" simply indicates that the delivery will be timed so as to be received on that date, bearing in mind that it could take more than a day, depending on the distance. So the delivery process will probably have to begin before the due date and must be timed so that whatever is delivered arrives and is handed over on the day.
Peer comment(s):

agree Victoria Britten
16 mins
Thanks, Victoria!
agree Anna Herbst
11 hrs
Thanks, Anna :)
agree Ashutosh Mitra
3 days 15 hrs
Thanks, Ashutosh :)
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Many thanks for the help and for the explanation."
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