Article 9. To ensure the execution of the Contract
1. Party B must take measures to ensure the implementation of the contract in accordance with the following requirements:
- The deadline for submission of contract performance guarantee: Within 03 days of signing the contract.
- Forms of contract performance guarantee : Letter of bank guarantee.
- the value of the contract performance security: 02% of the contract value is: 39,027,800 VND (Thirty-nine million, seven hundred and twenty thousand no, eight hundred)
- Validity ensure the implementation of the contract: 15 days from the effective date of the contract.
2. Ensure the implementation of the contract will be paid to Party A to Party B fails to fulfill its obligations and its responsibilities under the contract giving rise to damage to Party A.
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