Article 8 Suspension and cancellation of contract:
8.1. Pause to perform the contract:
The Cases of suspension of contract performance:
- Due to the fault of the contractor or the contractor caused.
- The case of force majeure.
A party may decide to suspend the contract by Errors caused by the other party, but must immediately notify the other party in writing and mutually discuss solutions to continue to comply with the contract signed, the case did not notice that pause pause damage damage, they must compensate for the damage.
The level of compensation for damage caused by suspension of contract is: 100% of the value of the contract loss.
Time Compensation: after 30 days since the two sides agreed to value damages.
8.2. Cancellation of the contract:
8.2.1. A party may rescind the contract and not pay damages if the other party breaches the contract was canceled by the conditions agreed or stipulated by law. Inside breach of contract must pay damages.
a) Cancellation of the contract by Party A:
Party A may rescind the contract by notice in writing to Party B at least 30 days if tr¬uoc happen in the following cases:
- If within 30 days of receiving notice of Party A for errors or delays of the B in the implementation of its obligations under this contract that Party B fails to take measures fix such errors.
- If Party B falls into bankruptcy or dissolution.
- If there is a force majeure event within 60 days from the date of occurrence of the event that Party B still continues to perform contract.
- If the B shares phu¬ong voluntarily terminate the contract.
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