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I.
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Party A¡¯s Rights and Obligations:
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Rights: |
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1.
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Party A has the right to collect, within five business days from
the closing date of the online transaction, a commission equal
to 1% of the closing amount.
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2.
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Party A has the right to assist in supervising the delivery of
samples and the compliance with the terms of the Agreement.
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3
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Party A has the right to charge the membership fee of US$300.00
per year after the 5 day trial term.
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Obligations: |
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1.
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Party A shall provide online trading system, free of charge,
including the latest market information, price quotations, counter-offers,
electronic order forms, etc.
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2.
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Party A may provide other accompanying trade services, such as
acting as the agent for import/export matters and performing sample
identification and verification.
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a. Recommending
import & export company.
b. Providing
tracking services, following up on each step of the online transaction.
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II.
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Party B¡¯s Rights and Obligations:
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Rights:
Party B has the right to enjoy all the services provided by Party
A.
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Obligations:
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1.
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Party B shall comply with the sample delivery requirements as
negotiated and agreed to by both parties.
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2.
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Party B shall comply with the terms of the purchase contract
executed by Party B and the importing party.
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3.
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Party B shall provide applicable information to assist the import/export
company selected by Party A to obtain all the foreign trade documentation,
including contract, invoice, packing slip, certificate of origin,
quality confirmation, product analysis, MSDS, bank certificate,
certificate of insurance, and applicable approvals. All documentation,
information, transportation cost and insurance premium sharing
method to be provided by Party B may be listed in detail in the
agreement executed by Party B and the import/export company.
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4
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Party B shall pay the membership fee of US$300.00 per
year after the five day trial term.
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III.
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Method of Payment:
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Within five days after the confirmed closing date of the transaction,
Party B shall pay in full all fees due via wire transfer or bank
account transfers. This provision only applies to transactions
where Party A is actually involved in the trading procedures of
Party B.
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IV.
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Alteration and Termination of Agreement:
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1.
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Once the Agreement is in force, it will become a legally binding
instrument, which neither party may unilaterally alter or terminate.
To terminate the Agreement, both parties must negotiate and execute
a supplementary agreement, which will become part of the Agreement.
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2.
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Alterations or termination of the Agreement may take place if
it becomes impossible to carry out a part or the whole of the
Agreement due to major changes in national policies or other causes
of force majeure.
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V.
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Resolution of Disputes:
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1.
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This Agreement is governed by the Contract Law of the People¡¯s
Republic of China and other applicable law. In the event of any
dispute between Party A and Party B on matters not included in
this Agreement, or disputes about this Agreement, and no settlement
is reached after negotiations, such disputes shall be submitted
to the Guangzhou Arbitration Committee for arbitration. Both parties
shall agree to be bound by the final decision in the arbitration,
and to comply with such decision. Both parties shall agree that,
with exception of the matters under dispute, the remainder of
this Agreement shall continue to be in force and in effect during
the time the dispute is being resolved.
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2.
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Party A is responsible for assisting in the resolution of financial
disputes between Party B and a third party or the import/export
company during the time the merchandise is being imported/exported.
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VI.
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Matters not included in this Agreement shall be resolved through
negotiation.
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