Common use of Statement and Guarantee Clause in Contracts

Statement and Guarantee. 3.1 The Party A hereby states and guarantees as follows: 3.1.1 Party A is a legally registered and validly existing company under the laws of People’s Republic of China. 3.1.2 Party A implement this agreement within the scope of authorization and business scope; Party A has been necessarily authorized, obtains the consents of third party and approval of government departments, and does not violate any binding or affecting laws or contract restrictions. 3.1.3 As soon as this agreement is executed, it shall be effective, valid, binding, and has executing force to Party A. 3.2 Party B hereby states and guarantees as follows: 3.2.1 Party B is a legally registered and validly existing company under the laws of People’s Republic of China. 3.2.2 Party B implement this agreement within the scope of authorization and business scope ; Party B has been necessarily authorized, obtains the consents of third party and approval of government departments, and does not violate any binding or affecting laws or contract restrictions. 3.2.3 As soon as this agreement is executed, it shall be effective, valid, binding, and has executing force to Party B.

Statement and Guarantee. 3.1 The Party A hereby states and guarantees as follows: 3.1.1 Party A is a legally registered and validly existing company under the laws of People’s Republic of China. 3.1.2 Party A implement this agreement within the scope of authorization and business scope; Party A has been necessarily authorized, obtains the consents of third party and approval of government departments, and does not violate any binding or affecting laws or contract restrictions. 3.1.3 As soon as this agreement is executed, it shall be effective, valid, binding, and has executing force to Party A. 3.2 Party B hereby states and guarantees as follows: 3.2.1 Party B is a legally registered and validly existing company under the laws of People’s Republic of China. 3.2.2 Party B implement this agreement within the scope of authorization and business scope scope; Party B has been necessarily authorized, obtains the consents of third party and approval of government departments, and does not violate any binding or affecting laws or contract restrictions. 3.2.3 As soon as this agreement is executed, it shall be effective, valid, binding, and has executing force to Party B.