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  11.Termination of the Agreement
  (1)In the situation of clause IV 5,this agreement will be terminated.
  (2)Party A has the right to terminate this agreement unilaterally and doesn't bear the liability for breach of contract when Party B breaks the contract or causes losses to Party A or the Chinese buyer because of Party B's products quality problem.
  (3)This agreement will be naturally terminated after the expiry date if both parties do not renew it and both parties have fulfilled all the obligation in the 《Purchase Sheet》 which is issued by Party A and efficient after being accepted by Party B before the termination.

  12.Force Majeur
Party B shall present Party A the certificate issued by its local relevant institution if Party B can not perform according to the 《Purchase Sheet》 due to Force Majeure events such as natural disaster, war and strike, etc. The 《Purchase Sheet》 could be extended to fulfill after both parties negotiating about it.
Party A shall not deduct 4% value of goods in default from the deposit as penalty.

  13.Disputes
All disputes in connection with this agreement or the execution thereof shall be settled friendly through negotiation. In case no settlement can be reached between the parties, the case under disputes could be submitted to the China International Economic and Trade Arbitration Commission for arbitration in accordance with the substantive law of the People's Republic of China in Beijing.

  14.Validity
This contract will come into effect after it is signed by two parties and be valid for one year. English version is translated from Chinese version for information only. Shall any discrepancy arise, the Chinese version prevails.


Party A(Signature):_________
Party B(Signature):_________

  姓名:考试站(www.examzz.com)

  2012年10月17日

文章责编:考试站(www.examzz.com)  
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