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If there is any objection to the transfer contract and the negotiation fails, can you unilaterally propose to terminate the contract? Willing to bear liquidated damages.?

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If there is any objection to the transfer contract and the negotiation fails, can you unilaterally propose to terminate the contract? Willing to bear liquidated damages.?


        

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  • 2024-06-13 21:00:58

    If there is any objection to the transfer contract and the negotiation fails, can you unilaterally propose to terminate the contract? Willing to bear liquidated damages. If there is any objection to the transfer contract and the negotiation fails, can you unilaterally propose to terminate the contract? Willing to bear liquidated damages. The contract can be terminated unilaterally. Article 94 of the Contract Law The parties may terminate the contract under any of the following circumstances: (1) The purpose of the contract cannot be realized due to force majeure; (2) Prior to the expiration of the time limit for performance, one of the parties expressly stated or indicated by its own behavior that it would not perform its main obligations; (3) One party delayed the performance of its main debts and failed to perform within a reasonable period after being urged to do so; (4) The purpose of the contract cannot be realized due to the delay in performance of the obligation or other breach of contract by one party; (5) Other circumstances prescribed by law. Article 95 If the law provides or the parties agree on a time limit for exercising the right of rescission, and the parties fail to exercise it at the end of the time limit, the right shall be extinguished. If the law does not stipulate or the parties do not stipulate the time limit for exercising the right of rescission, and the party fails to exercise the right within a reasonable time after being urged by the other party, the right shall be extinguished. Article 96 If one party claims to terminate the contract in accordance with the provisions of the second paragraph of Article 93 and Article 94 of this Law, it shall notify the other party. The contract is terminated when the notice reaches the other party. If the other party has any objection, it may request the people's court or arbitration institution to confirm the validity of the termination of the contract. Where laws and administrative regulations provide that the termination of a contract shall be subject to approval, registration and other procedures, such provisions shall prevail. Article 97 After the termination of a contract, if it has not been performed, the performance shall be terminated; If the contract has already been performed, the parties may, depending on the performance and the nature of the contract, demand restoration of the original state and other remedial measures, and have the right to claim compensation for losses. Article 98 The termination of rights and obligations under a contract shall not affect the validity of the settlement and liquidation clauses in the contract. Do you understand this explanation?

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