@@ Article 30. In case both parties fail to perform, or fail to
perform in whole, the contract obligations by their errors, both
parties shall respectively undertake liabilities for breach of
contract accordingly.
@@ Article 31. If one party fails to make payment as scheduled
in the contract or fails to make payment of other payable amounts
relevant to the contract, the other party is entitled to collect
interest on the delayed sum. The method of collecting the interest may
be indicated in the contract by mutual agreement.
@@ Article 32. If one party has no objection to the other party's
demand for postponing the performance of the contract, and does
not claim to reserve the right to lodge a claim on the delayed
performance on the part of the other party, the former shall not
lodge a claim, after the performance is completed, for the
latter's compensation for the losses caused by the delayed performance
or demand for penalty for the delay.
@@ Article 33. If either party to a contract cannot perform, in part
or in whole, or delays performing a contract due to force majeure
reason, he shall notify the other party promptly. Those who produce
evidence of legal effect may not perform or may delay performing the
contract obligations in part or in whole.
Force majeure here mainly refers to:
(1) Severe natural calamities,
(2) Wars, and
(3) Other events which cannot be prevented as are indicated in the
contract by mutual agreement.
@@ Article 34. One party who has not performed the contract
obligations in the time period prescribed in the contract due to
force majeure reason shall be exempted from liabilities for the
delayed performance during the lasting time of the event effect.
CHAPTER IV ALTERATION, RESCINDING AND TERMINATION OF CONTRACTS
@@ Article 35. Contracts may be altered or rescinded when one
of the following circumstances arises:
(1) If both parties have reached an agreement through consultation;
(2) If part or whole of a contract cannot be performed due to force
majeure reason;
(3) If either party to a contract no longer has the capability to
perform the contract;
(4) If conditions for alteration or termination agreed upon in the
contract occur; or
(5) If breach of contract by either party renders the performance
of the contract unnecessary.
@@ Article 36. Either party to a contract who requests
alteration or termination of a contract shall submit an
application and the related documents to the approval-granting
agency. If there is a guarantor, a written document by the
guarantor shall be attached. The original contract shall remain valid
until the application is approved.
@@ Article 37. Any notice of alteration or termination give上一页 [1] [2] [3] [4] 下一页
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