Delays in payment and delay in delivery of the
first. The contract between the two parties was conducted on a voluntary basis, unified and committed to strictly comply with the terms specified in the contract after the seller has clearly introduced and the buyer has to research sites, apartment design, understand the contents of the contract.
2. In the process of implementation of the contract, if Party B unilaterally terminate the contract, Party B shall compensate all expenses related, respectively equal to 5% of the contract value. Also party A will be refunded to Party B when the apartments sold by Party B returns.
3. A case where the construction and handover does not guarantee progress provisions, Party A shall notify Party B and explain why the delay. If party A reason given unsatisfactory, Party A shall be subject to interest rate equivalent to the interest rates on deposits by non-bank maturities Vietnam state regulations for Party B has paid the amount of time delayed the handover.
4. Where the B intentional violation as newly expanded repair affecting the exterior architectural or structural strength of the building, violations of general regulations on management and use of the apartment is considered to be in violation contract. Party A will cooperate with the authorities to process under current law.
5. Where Party B violates Article 2, Point 2.3 of this contract (the terms specified in the contract payment method), then this Agreement shall automatically be the legal effect, Party A has the right to sign contracts to sell apartments to others.
6. Where Party B not to handover apartment notified by Party A, Party A will contest the additional cost of the apartment preservation to slow time to receive VND 50,000 / day (fifty thousand / day). If after 30 days from the date notice Party A, Party B has yet to receive the apartment this contract shall automatically be the legal effect, Party A has the right to sell the apartment to others.
7. If Party B to lose the contract must be notified immediately in writing to Party A and certified by the local government where party B to party A resident considered resolved.
8. The documents attached to the contract: Drawings typical ground floor, ground flat and regulations on management and use of the apartment
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