this contract for project of installing main engine is made on_________, by and between _________ company ltd. (here- inafter called party a) and _________ company ltd. (hereinaftercalled party b).
1.name of installation work: _________.
2.location of installation work: party a's_________in port a.
3.scope of installation work: as specified in the drawingsand statement attached.
4.time limit for completion:
the installation work shall cordinate with the construction of _________ in party a, and shall be completed, including thetrial run for _________, within _________days after the completion of _________.
5.total price of installation work:_________u.s. d only.
6.payment terms of installation work:
first installment:
party a shall pay to party b fifteen percent of the total pricefor installation work, i.e._________u.s.d only, when thiscontract comes into effect.
second installment:
party a shall pay to party b fifteen percent of the total pricefor instalatiorn work, i.e_________u. s. d. only, at the commencement of construction installation.
third installment:
party a shall pay to party b ten percent of the total pricefor installation work, i.e._________u. s. d. only, duringthe installation of pipes.
fourth installment:
party a shall pay to party b forty percent of the total pricefor installation work, i.e._________u. s. d. only, at thetime when the main equipment arrives at the site.
fifth installment:
party a shall pay to party b ten percent of the total pricefor installation work,i.e._________u. s. d. only, upon comple - tion of the installation work.
sixth installment:
party a shall pay to party b ten percent of the difference of the price for installation work, i.e._________u. s. d. only, after the work received has been proved qualified.
7.penalty for default:
in the event party b shall fail to complete the work in timeowing to reasons that party b shall be held liable, party b shallpay a penahy for such defauh based on one out of a thousand of the total price for installation work per day , i.e._________u.s.d, only for each day of such default.
8.increase or decrease of work:
in case party a has to amend,increase or decrease the working schedule, the corresponding increase or decrease of total priceshall be evaluated according to the terms and conditions betweenthe two parties, should the work be increased, the parties shallenter into an agreement for the unit price of additional items. should any part of the completed work of any part of the materi - als transported to the site have to be abandoned owing to amend - ment made by party a, party a shall, after having received thework, pay for each completed work or materials abandoned as perthe unit price specified to party b.
party a:_____________
party b:_____________
i. party a wishes to engage the service of party b___________________as____________________________. the two parties, in a spirit of friendly cooperation, agree to sign this contract and pledge to fulfill conscientiously all the obligations stipulated in it.
ii. the period of service will be from the _______day of ________ ,_____to the ________day of ________ .
iii. the duties of party b (see attached pages)
iv. party bs monthly salary will be yuan rmb (about usd), the pay day is every month_______ .if not a full month, the salary will be will be prorated (days times salary/30).
v. party as obligations
1.party a shall introduce to party b the laws, decrees and relevant regulations enacted by the chinese government, the party as work system and regulations concerning administration of foreign teachers.
2. party a shall conduct direction, supervision and evaluation of party bs work.
3. party a shall provide party b with necessary working and living conditions.
4. party a shall provide co-workers for the first week if necessary.
vi. party bs obligations
1. party b shall observe the laws, decrees and relevant regulations enacted by the chinese government and shall not interfere in chinas internal politics affairs.
2. party b shall observe party as work system and regulations concerning administration of foreign teachers and shall accept party as agreement, direction, supervision and evaluation in regard to his/her work. without party as consent, party b shall not render service elsewhere or hold concurrently any post unrelated to the work agreed on with party a.
3. party b shall complete the tasks agreed on schedule and guarantee the quality of work.
4. party b shall respect chinas religious policy, and shall not conduct religious activities incompatible with the status of a teacher.
5. party b shall respect the chinese peoples moral standards and customs.
v. revision, cancellation and termination of the contract
1. both parties should abide by the contract and should refrain from revising, canceling, or terminating the contract without mutual consent.
2. the contract can be revised, cancelled, or terminated with mutual consent. before both parties have reached an agreement, the contract should be strictly observed.
3. party a has the right to cancel the contract with written notice to party b under the following conditions.
(1) party b does not fulfill the contract or does not fulfill the contract obligations according to the terms stipulated, and has failed to amend after party a has pointed it out.
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