5.1 After signing this agreement, if either party wishes to terminate the contract unilaterally before the deadline, it shall notify in writing to the other party at least 60 days before the date of termination of the contract. Party violating the notice period will be fined 0.5% of the total contract value for each day without prior notice, while compensation for all damage related to the aggrieved party.
5.2 Penalty slow performance of contracts If Party B delays provide time services have been defined in Article 1 of the contract without written approval of Party A, Party B will be fined 0.5% of the total value of the contract for day delay implementation, and to compensate the damage caused to Party A.
5.3 Penalty for late payment: If Party A delay of payment as defined in Article 3.3, Party A will bear interest component is calculated by the highest interest rate by Vietcombank HCM City announced at the time of payment for the value of overdue debt for each day overdue.
5.4 the total value of the above mentioned fines not exceeding 8% of the contract value.
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