Common use of Effectiveness, Modification and Termination Clause in Contracts

Effectiveness, Modification and Termination. 10.1 This Agreement shall become effective on the date of its being signed and sealed by the authorized representatives of both parties and shall continue in force for a period of one (1) year. 10.2 Unless otherwise expressly provided herein, Party A shall have the right to immediately terminate this Agreement by writing notice at its own discretion at any time, in case that Party B defaults its performance of any of following obligations: 10.2.1 Party B breaches this Agreement, and yet not corrects its breach or takes full, effective and timely measures to remedy its failure and compensates Party A for the loss arising therefrom, within thirty (30) days after the date of notice by Party A demanding the performance, 10.2.2 Party B goes bankrupt or enters into a liquidation proceeding and such proceeding is not yet withdrawn within seven (7) days; 10.2.3 Party B may not perform this Agreement for over twenty (20) days due to force majeure. 10.3 Notwithstanding the aforesaid provisions, Party B agrees hereby that Party A shall have the right to terminate this Agreement by written notice twenty (20) days in advance without any reason at any time. Unless otherwise expressly provided herein, Party B shall not terminate this agreement prior to the term of this Agreement. 10.4 Earlier termination of this Agreement shall not release either party from performing its rights and obligation that has come into existence prior to such termination.

Effectiveness, Modification and Termination. 10.1 14.1 This Agreement shall become effective on the date of its being signed and sealed by the authorized representatives of both parties and shall continue in force for a period of one (1) yearuntil Party B is dissolved according to law. 10.2 14.2 Unless otherwise expressly provided herein, Party A shall have the right to immediately terminate this Agreement by writing notice immediately at its own discretion by written notice at any time, in case that Party B defaults its performance of any of the following obligationscircumstances occurs to Party B: 10.2.1 14.2.1 Party B breaches this Agreement, and yet have not corrects corrected its breach or takes fulltake sufficient, effective and timely measures to remedy its failure eliminate the results caused by such breaching and compensates indemnify Party A for of the loss losses arising therefromfrom such breach of the Party B, within thirty (30) days after the date of notice by Party A demanding the performance,A; 10.2.2 14.2.2 Party B goes bankrupt or enters into a liquidation proceeding and such proceeding is not yet withdrawn within seven (7) days; 10.2.3 14.2.3 Party B may cannot perform this Agreement for over twenty (20) days due to force majeureForce Majeure. 10.3 14.3 Notwithstanding the aforesaid provisions, Party B agrees hereby that Party A shall have the right to terminate this Agreement at any time by written notice twenty (20) days in advance written notice without any reason at any timereason. Unless otherwise expressly provided herein, Party B shall not terminate this agreement prior to Agreement during the term of this AgreementAgreement other than according to the provisions herein. 10.4 14.4 Earlier termination of this Agreement shall not release either party from performing its rights and obligation that has come into existence prior to such termination.

Effectiveness, Modification and Termination. 10.1 14.1 This Agreement shall become effective on the date of its being signed and sealed by the authorized representatives of both parties and shall continue in force for a period of one (1) yearuntil Party B is dissolved according to law. 10.2 14.2 Unless otherwise expressly provided herein, Party A shall have the right to immediately terminate this Agreement by writing notice immediately at its own discretion by written notice at any time, in case that Party B defaults its performance of any of the following obligationscircumstances occurs to Party B: 10.2.1 14.2.1 Party B breaches this Agreement, and yet have not corrects corrected its breach or takes fulltake sufficient, effective and timely measures to remedy its failure eliminate the results caused by such breaching and compensates indemnify Party A for of the loss losses arising therefromfrom such breach of the Party B, within thirty (30) days after the date of notice by Party A demanding the performance,A; 10.2.2 14.2.2 Party B goes bankrupt or enters into a liquidation proceeding and such proceeding is not yet withdrawn within seven (7) days; 10.2.3 14.2.3 Party B may can not perform this Agreement for over twenty (20) days due to force majeureForce Majeure. 10.3 14.3 Notwithstanding the aforesaid provisions, Party B agrees hereby that Party A shall have the right to terminate this Agreement at any time by written notice twenty (20) days in advance written notice without any reason at any timereason. Unless otherwise expressly provided herein, Party B shall not terminate this agreement prior to Agreement during the term of this AgreementAgreement other than according to the provisions herein. 10.4 14.4 Earlier termination of this Agreement shall not release either party from performing its rights and obligation that has come into existence prior to such termination.

Effectiveness, Modification and Termination. 10.1 14.1 This Agreement shall become effective on the date of its being signed and sealed by the authorized representatives of both parties and shall continue in force be validity for a period of one (1) yearten years. 10.2 14.2 Unless otherwise expressly provided herein, Party A shall have the right to immediately terminate this Agreement by writing notice immediately at its own discretion by written notice at any time, in case that Party B defaults its performance of any of the following obligationscircumstances occurs to Party B: 10.2.1 14.2.1 Party B breaches this Agreement, and yet have not corrects corrected its breach or takes fulltake sufficient, effective and timely measures to remedy its failure eliminate the results caused by such breaching and compensates indemnify Party A for of the loss losses arising therefromfrom such breach of the Party B, within thirty (30) days after the date of notice by Party A demanding the performance,A; 10.2.2 14.2.2 Party B goes bankrupt or enters into a liquidation proceeding and such proceeding is not yet withdrawn within seven (7) days; 10.2.3 14.2.3 Party B may cannot perform this Agreement for over twenty (20) days due to force majeureForce Majeure. 10.3 14.3 Notwithstanding the aforesaid provisions, Party B agrees hereby that Party A shall have the right to terminate this Agreement at any time by written notice twenty (20) days in advance written notice without any reason at any timereason. Unless otherwise expressly provided herein, Party B shall not terminate this agreement prior to Agreement during the term of this AgreementAgreement other than according to the provisions herein. 10.4 14.4 Earlier termination of this Agreement shall not release either party from performing its rights and obligation that has come into existence prior to such termination.. ​