Common use of Conventional Clause in Contracts

Conventional. items 1, After commencement of this contract, in the case that Party B unilaterally revoke this contract, Party A may not return the rents paid. 2, In the event of great changes on government policies, or significant adjustment on prisoners and economic structure of prison, Party A has the right to terminate this contract with a 30 days notice, and Party A shall return the relevant fees(the rents of the leased land only). 3, In the event that the leased land may be commandeered by government, Party B shall receive compensations for the newly-built buildings from government ,while Party A shall receive compensations for the land from government. 4, Upon the expiration of the lease term, Party B has the preferential right to lease the land. If Party B continues to lease, a renewal contract is need. 5, Upon the termination of this contract, Party B should in one month’s time dispose of the operating facilities and recover the land to cultivatable, otherwise, Party A shall has the right to dismantle the facilities and reclaim on the land , the fees for which shall be paid by Party B. 6, Party B shall not fell ,destroy or direct the others to fell, destroy the trees on and around the leased land, to ensure the trees all in good condition when returning the land. Without the consent of Party A, Party B shall not fell the trees for the construction of hen houses, and Party A has the ownership the trees. Otherwise, during the terms of the contract, Party A has the right to claim for indemnification, if the trees are felled or unnaturally died.

Appears in 2 contracts

Sources: Land Lease Contract (Yuhe International, Inc.), Land Lease Contract (Yuhe International, Inc.)