Common use of Statement, Guarantee and Commitment Clause in Contracts

Statement, Guarantee and Commitment. Party A and Party B have made the following statements, guarantee and commitments: 1. Party A is a legally founded and validly existing company in accordance with relevant laws of the People’s Republic of China; 2. Party A owns the right of office equipment transferring and has the necessary act capacity. 3. Party B has made fully inspection on the office equipment of Party A and agrees with the transfer according to this Contract; 4. Party B guarantees to be capable of fully paying the transfer price and perform its obligations as regulated in this Contract; Party A and Party B shall arrange relevant person for handling the transfer procedure and the office equipment list shall come into effect only after bearing the signatures of representatives of both parties.

Statement, Guarantee and Commitment. Party A and Party B have made the following statements, guarantee and commitments: 1. Party A is a legally founded and validly existing company in accordance with relevant laws of the People’s Republic of China; 2. Party A owns the right of office equipment inventory transferring and has the necessary act capacity. 3. Party B has made fully inspection on the office equipment inventory of Party A and agrees with the transfer according to this Contract; 4. Party B guarantees to be capable of fully paying the transfer price and perform its obligations as regulated in this Contract; Party A and Party B shall arrange relevant person for handling the transfer procedure and the office equipment inventory list shall come into effect only after bearing the signatures of representatives of both parties.