CHAPTER III IMPLEMENTATION OF A CONTRACT AND RESPONSIBILITY FOR
VIOLATION
@@ Article 21. The persons concerned of the two sides should
strictly abide by the provisions of the contract and implement all
obligations. Any side which fails to implement the obligations and
therefore causes losses to the other side, should compensate for the
losses.
In case of failing to deliver goods or pay funds on time, the liable
side, in addition to compensating for the losses of the other side,
shall pay a charge for the violation of contract equal to 0.1 per
cent of the total overdue value for each overdue day.
@@ Article 22. Two or more persons concerned of one side shall bear
joint rights and obligations. Any one of them has the right to
request the other side to implement all or part of the
obligations. If one of the persons concerned has accepted the
implementation of all or part of the obligations by the other side,
the other persons lose all or part of their right of request; if any
one of them fails to implement his obligations, the others must
implement all the obligations and bear the responsibility for
violation of the contract.
@@ Article 23. The persons concerned of one side, after
implementing all or part of the obligations, may provisionally
stop implementing their obligations, have a lien upon properties of
the other side and claim for the losses, if the persons concerned
of the other side fail to implement all or part of the obligations.
When the persons concerned of one side fail to implement all or part
of the obligations, the persons concerned of the other side may defer
implementing their obligations and claim for the losses.
When the persons concerned of one side failing to implement
their obligations have guaranteed to implement their obligations,
the persons concerned of the other side shall implement their
own obligations immediately.
@@ Article 24. When persons concerned of one side fail to implement
all or part of their obligations as a result of force majeure, they
should inform the other side of the fact in good time and shall
be excused from the liability for the violation of contract in
whole or part, if they have produced legally effective evidence.
Force majeure means:
1 Severe natural calamity;
2 War; and
3 Other incidents beyond the control of the parties as specified
in the contract.
@@ Article 25. When a contract has been confirmed to be entirely
invalid in the process of implementation, the whole contract shall be
cancelled.
When the individual clauses of the contract which contravene the
laws, rules and regulations of the People's Republic of China have
been cancelled or modified with the consent of the persons concerned
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