Final Notice. If Party B fails to propose a rectification plan for no reason within 10 working days after receiving the Re-notice, or Party B’s rectification fails to meet Party A’s requirements, Party A may issue a "Final Notice". If Party B still fails to rectify it for no reason or Party B’s rectification fails to meet Party A’s requirements within 5 working days after receiving the Final Notice, Party A shall have the right to terminate the contract in advance, without bearing any liability, provided that Party A shall notify Party B in writing at least one month in advance and complete the formalities for replacing the property management enterprise. Costs and expenses of Party B sustained for such early termination of the Contract, such as staff dismissal fees, shall be disbursed from the property management fees.
Appears in 2 contracts
Sources: Beijing Commodity Housing Presale Contract (Tarena International, Inc.), Beijing Commodity Housing Presale Contract (Tarena International, Inc.)