SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness ECONOMIC AGREEMENT (V / V: Provide smoke detectors) Number: 205/2015 / HĐKT / TRUONGSON-HTVN Pursuant to the Civil Code Parliament of the Republic Socialist of Vietnam No. 33/2005 / QH11 dated 14/06/2005; Pursuant to the Commercial Law No. 36/2005 / QH11 of the National Assembly of the Socialist Republic of Vietnam Day 14/06/2005 and the decree detailing; Based on the needs and capabilities of both parties. Today, on May 2015, in Hanoi, we are: Party A: COMPANY TRADE AND TECHNOLOGY CP HT VIETNAM Address: Room 20 - E4, Pho Phuong Mai Phuong Mai Ward, Dong Da District, Hanoi Tax code: 0102572616 Phone: 04.35761869 Fax: 04.35761869 Account number: 1100182133 - At Saigon Commercial Bank - Hanoi - Hanoi CN West - PGD Nguyen Trai Represented by: Mr. Duong Manh Hung - Position: Chairman PARTY: CORPORATION TECHNOLOGY AND AUTOMATION MARKET SON Address : No. 11, Alley 27, Lane 381, Nguyen Khang, Yen Hoa Ward, Cau Giay District, Hanoi. Tel: 04.66539345 Tax code: 0104264913 Account number: 10159928 at Sacombank - CN Thanh Xuan Dai Presented by: Mr. Nguyen Van Son Position: General Manager After discussing the two sides agreed to sign a contract with the terms and conditions below: Article 1: CONTENT CONTRACT 1.1. Party B agrees to provide smoke alarms to Party A under the attached Appendix. 1.2. List of goods and services within the service provider is attached in annex. The appendix is an integral part of this contract. 1.3. Party B agrees to provide additional supplies and other components if Party A is required to upgrade the system in accordance with the separate contract. ARTICLE 2: TIME, PLACE AND METHOD OF DELIVERY OF GOODS - The delivery time from 3-5 days of the two contracting parties. - Place of delivery: office party A in the city of Hanoi - Party B responsible for the full cost of transporting goods to the place of delivery. ARTICLE 3: RESPONSIBILITIES OF THE PARTIES 3.1 Responsibilities of Party B: Party B is responsible to provide smoke alarms for party A to the position as specified in Article 1, as follows: 3.1.1. Provide goods according to Annex of the contract. 3.1.2. Ensure timely delivery as Article 2 of the contract. 3.1.3. Providing certified CO, CQ-related goods in case the A requirements. 3.2 Responsibilities of Party A: 3.2.1 Creating favorable conditions for Party B shall provide the devices for side A . 3.2.2 Party A must provide contact information to Party B can communicate if necessary. ARTICLE 4: VALUE OF CONTRACT AND PAYMENT 4.1 Value of contract: The total value of the contract 10% VAT is: VND 783,343,220 (in words: Seven hundred and eighty-three million three hundred forty three thousand two hundred twenty contract. /.) (More quantity, unit price contract annex. Annex is part inseparable attachment of contract) 4.2 Method of payment: - The currency used for payment of: Copper Vietnam - Forms of Payment: Payment by bank transfer - The entire value of the payment will be transferred direct deposit into the account of Party B under the account number provided in this contract. 4.3 Billing and payment term: - Stage 1: Party A will pay Party B 30% of the corresponding contract : 235,002,966 VND (In words: two hundred and thirty-five two million, not spirituality two thousand, nine hundred and sixty-six co. /.) As soon as the contract is signed + Request advance - 2nd: Party A will pay for Party B 70% of the contract value, respectively: 548,340,254VND (in words: five hundred forty-eight million, three hundred and forty thousand, two hundred and five private contract. /.) as soon as Party A receives the message delivery and party B receives money through the account or bank guarantee is irrevocable bank of Party A Party B to Party A handover following documents: - record of delivery of goods - Request for payment - Invoice Value Invalid increase - Papers CO / CQ by manufacturer. ARTICLE 5: COMMERCIAL DISPUTE RESOLUTION 5.1 The two sides pledged to fully implement its obligations stated in the contract. In the course of implementation, if any problems arise will discuss solutions in the spirit for the benefit both parties. 5.2 In case of disagreements can not be settled, the case will be brought to court economic. The decision of the Economic Court's final decision that the parties are required to follow. 5.3 All costs for the settlement of disputes in economic court by the losing party, unless otherwise agreed. ARTICLE 6: WARRANTY - Warranty Period: 12 months from the date when both parties sign the minutes of commissioning. The standard warranty of the manufacturer ARTICLE 7: FORCE MAJEURE - After the contract is in effect, all of the cases occur beyond the control of the parties directly affected the performance of all or a part of contractual obligations is considered to be cases of force majeure. - In case of force majeure including, but not limited to, the following circumstances: Natural disasters, labor disputes, strikes, earthquakes, fires , floods, volcanoes, epidemics and other natural disasters, war, destruction, civil war. - In hampered the implementation of contractual obligations due to force majeure circumstances shall immediately notify in writing for the other side and not more than 10 days after the incident, highlighting the start, start date, projected end date of the work. - In case of force majeure recognized by both parties is correct, the encounter case of force majeure will be delayed perform contractual obligations with the corresponding period occurred majeure and not suffer any damage from the force majeure cause. - If majeure case lasted more than 02 consecutive months the parties will jointly contract to consult a third party to determine the best time to perform the contract suspended. ARTICLE 8: EFFECTIVE CONTRACT - The contract takes effect immediately after the Seller received the Buyer's deposit. - The contract takes effect as the legal basis by Party A, Party B and the parties involved are obliged to implement. - Contract the effect is the basis for the settlement of disputes between the parties. All disputes arising out of this contract will be settled on the basis of the provisions of relevant laws ARTICLE 9: GENERAL PROVISIONS - The contract takes effect from the signing date and if there are problems that need to change or correction will be 2 additional parties agree in writing. The rights and obligations of both parties solely be limited to the contents of the contract. - The Appendix to the inseparable part of the contract. With the signing of this agreement, the contract modification shall be effective only if made in writing and be signed by the legal representative of each party. - The contract is automatically liquidated when the two sides complete the definition together except for a 12 month warranty terms as Article 6 - The contract takes effect from the date of signing, made 04 copies, 02 copies Party A, Party B 02 copies have the same legal value. PARTY A PARTY B
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