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ARTICLE VIII: pause or cancel the contract
1. Suspension of Contract:
- Because of the Buyer or Sell error caused.
- Located in cases of force majeure.
- If you have to suspend contracts due to errors caused by a Party, the party must send a notice to suspend other party within 03 days stating the specific reason, discuss and resolve in a spirit of equal partnership mutually beneficial. Where the suspension without any notice to stop work, causing damage to the right partner for fair compensation for damage to the other Party (with valid documents to prove.)
- pause time contract minimum of 10 days, a maximum of 25 days to Parties troubleshoot errors. And the time-loss compensation will be agreed upon by both parties in writing.
2. Cancel the contract:
- The Purchaser has the right to cancel the contract performance if the seller does not conform to the quality delivery, unlawful or delay the delivery time of 05 working days compared to the provisions of paragraph 3 of Article II This contract. Seller reserves the right to cancel the contract performance if Purchaser paid 03 days later than stipulated in Article III, Section B, paragraph 3 of this contract. Inside breach of contract compensation for all damages related.
- The cancellation of a contract shall promptly notify the other party of the cancellation; if not informed that causes damage to the other Party, it shall rescind the contract must compensate;
- When a contract is canceled, it shall take effect from the date of cancellation and the parties must return to other assets or payments (if any).
3. Prolonged period of performance of the contract:
- The two sides continue to enter into contracts with new or additional addendums.
- Due to agree to extend the duration of the contract by both parties.
- The break-up of the force majeure during the execution of the Contract.
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