【正文】 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。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 Insurance pany ofina.apter 18 The Amendment, Alteration and Termination of the Con tractArticle 51The amendment of the contract or other appendices shall e intoforce only after a written agreement has been signed by Party A and PartyB and approved by the original examination and approval authority.Article 52In case of inability to fulfil the contract or to continue operationdue to heavy losses in successive years as a result of force majeure, theduration of the joint venture and the contract shall be terminated beforethe time of expiration after being unanimously agreed on by the board ofdirectors and approved by the original examination and approval authority.Article 53Should the joint venture pany be unable to continue its operationor aieve its business purpose due to the fact that one of thecontracting parties fails to fulfil the obligations prescribed by thecontract and articles of association, or seriously violates the provisionsof the contract and articles of association, that party shall be deemed tohave unilaterally terminated the contract. The other party shall 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 balance sheet, profit and loss statement andproposal regarding the disposal of profits, and submit them to the boardof directors for examination and approval.apter 15 Duration of the Joint VentureArticle 48The duration of the joint venture pany is ___________ years