【正文】 l have theright to terminate the contract in accordance with the provisions of thecontract after approval by the original examination and approvalauthority, and to claim damages. In case Party A and Party B of the jointventure pany agree to continue the operation, the party who fails tofulfil its obligations shall be liable for the economic losses causedthereby to the joint venture pany.apter 19 Liability for Brea of ContractArticle 54should either Party A or Party B fail to pay on sedule thecontributions in accordance with the provisions defined in apter 5 ofthis contract, the party in brea shall pay to the other party _________of the contribution starting from the first month after exceeding the timelimit. Should the party in brea fail to pay after 3 months, __________of the contribution shall be paid to the other party, who shall have theright to terminate the contract and to claim damages from the party inbrea in accordance with the provisions of Article 53 of the contract.Article 55Should all or part of the contract and its appendices be unable to befulfilled owing to the fault of one party, the party in brea shall bearthe liability therefor. Should it be the fault of both parties, they shallbear their respective liabilities according to the actual situation.Article 56In order to guarantee the performance of the contract and itsappendices, both Party A and Party B shall provide ea other with bankguarantees for performance of the contract.apter 20 Force MajeureArticle 57Should either of the parties to the contract be prevented fromexecuting the contract by force majeure, su as earthquake, typhoon,flood, fire, war or other unforeseen events, and their occurrence andconsequences are unpreventable and unavoidable, the prevented party shallnotify the other party by telegram without any delay, and within 15 daysthereafter provide detailed information of the events and a valid documentfor evidence issued by the relevant public notary organization explainingthe reason of its inability to execute or delay the execution of all orpart of the contract. Both parties shall, through consultations, decidewhether to terminate the contract or to exempt part of the obligations forimplementation of the contract or whether to delay the execution of thecontract according to the effects of the events on the performance of thecontract.apter 21 Applicable LawArticle 58The formation, validity, interpretation, execution and settlement ofdisputes in respect of, this contract shall be governed by the relevantlaws of the People39。s Republic of China.apter 22 Settlement of DisputesArticle 59Any disputes arising from the execution of, or in connection with, thecontract shall be settled through friendly consultations between bothparties. In case no settlement can be reaed through consultations, thedisputes shall be submitted to the Foreign Economic and Trade Arbitrationmission of the China Council for the Promotion of International Tradefor arbitration in accordance with its rules of procedure. The arbitralaward is final and binding on both parties.OrAny disputes arising from the execution of, or in connection with thecontract shall be settled through friendly consultations between bothparties. In case no settlement can be reaed through consultations, thedisputes shall be submitted to __________Arbitration Organization in__________for arbitration in accordance with its rules of procedure. Thearbitral award is final and binding on both parties.OrAny disputes arising from the execution of, or in connection with thecontract shall be settled through friendly consultations between bothparties. In case no settlement can be settled through consultations, thedisputes shall be submitted for arbitration.Arbitration shall take place in the defendant39。s country.If in China, arbitration shall be conducted by the Foreign Economicand Trade Arbitration mission of the China Council for the Promotion ofInternational Trade in accordance with its rules of procedure.If in ___________, the arbitration shall be conducted by ___________inaccordance with its rules of procedure.The arbitral award is final and binding on both parties.(Note: When formulating contracts, only one of the abovementionedprovisions can be used).Article 60During the arbitration, the contract shall be observed and enforced byboth parties except for the matters in dispute.apter 23 LanguageArticle 61The contract shall be written in inese and in ___________. Bothlanguage versions are equally authentic. In the event of any discrepancybetween the two aforementioned versions, the inese version shallprevail.apter 24 Effectiveness of the Contract and MiscellaneousArticle 62The appendices drawn in accordance with the principles of thiscontract are integral parts of this contract, including: the projectagreement, the tenology transfer agreement, the sales agreement etc.Article 63The contract and its appendices shall e into force mencing fromthe date of approval of the Ministry of Foreign Trade and EconomicCooperation of the People39。s Republic of ina (or its entrustedexamination and approval authority).Article Should notices in connection with any party39。s rights and obligationsbe sent by either Party A or Party B by telegram or telex, etc., thewritten letter notices shall be also required afterwards. The legaladdresses of Party A and Party B listed in this contract shall be theposting addresses.Article 65The contract is signed in ___________, China by the authorizedrepresentatives of both parties on __________, __________.For Party A For Party B(Signature) (Signature) 內(nèi)容總結(jié)