合同法英文版

精選優(yōu)質(zhì)文檔傾情為你奉上精選優(yōu)質(zhì)文檔傾情為你奉上專心專注專業(yè)專心專注專業(yè)精選優(yōu)質(zhì)文檔傾情為你奉上專心專注專業(yè) CONTRACTLAWOFP.R.CHINAAdoptedandPromulgatedbytheSecondSessionoftheNinthNationalPeople‘sCongressonMarch15,1999.Translated&CompiledbyJohnJiang&HenryLiuGENERALPRINCIPLESChapterOne:GeneralProvisionsArticle1PurposeThisLawisformulatedinordertoprotectthelawfulrightsandinterestsofcontractparties,tosafeguardsocialandeconomicorder,andtopromotesocialistmodernization.Article2DefinitionofContract;ExclusionsForpurposesofthisLaw,acontractisanagreementbetweennaturalpersons,legalpersonsorotherorganizationswithequalstanding,forthepurposeofestablishing,altering,ordischargingarelationshipofcivilrightsandobligations.Anagreementconcerninganypersonalrelationshipsuchasmarriage,adoption,guardianship,etc.shallbegovernedbyotherapplicablelaws.Article3EqualStandingofPartiesContractpartiesenjoyequallegalstandingandneitherpartymayimposeitswillontheotherparty.Article4RighttoEnterintoContractVoluntarilyApartyisentitledtoenterintoacontractvoluntarilyunderthelaw,andnoentityorindividualmayunlawfullyinterferewithsuchright.Article5FairnessThepartiesshallabidebytheprincipleoffairnessinprescribingtheirrespectiverightsandobligations.Article6GoodFaithThepartiesshallabidebytheprincipleofgoodfaithinexercisingtheirrightsandperformingtheirobligations.Article7LegalityInconcludingorperformingacontract,thepartiesshallabidebytherelevantlawsandadministrativeregulations,aswellasobservesocialethics,andmaynotdisruptsocialandeconomicorderorharmthepublicinterests.Article8BindingEffect;LegalProtectionAlawfullyformedcontractislegallybindingontheparties.Thepartiesshallperformtheirrespectiveobligationsinaccordancewiththecontract,andneitherpartymayarbitrarilyamendorterminatethecontract.Alawfullyformedcontractisprotectedbylaw.ChapterTwo:FormationofContractsArticle9Capacity;ContractthroughAgentInenteringintoacontract,thepartiesshallhavetheappropriatecapacitiesforcivilrightsandcivilacts.Apartymayappointanagenttoenterintoacontractonitsbehalfunderthelaw.Article10FormsofContract;WritingRequirementAcontractmaybemadeinawriting,inanoralconversation,aswellasinanyotherform.Acontractshallbeinwritingifarelevantlaworadministrativeregulationsorequires.Acontractshallbeinwritingifthepartieshavesoagreed.Article11DefinitionofWritingAwritingmeansamemorandumofcontract,letterorelectronicmessage(includingtelegram,telex,facsimile,electronicdataexchangeandelectronicmail),etc.whichiscapableofexpressingitscontentsinatangibleform.Article12TermsofContractThetermsofacontractshallbeprescribedbytheparties,andgenerallyincludethefollowing:(i)namesofthepartiesandthedomicilesthereof;(ii)subjectmatter;(iii)quantity;(iv)quality;(v)priceorremuneration;(vi)time,placeandmethodofperformance;(vii)liabilitiesforbreachofcontract;(viii)methodofdisputeresolution.Thepartiesmayenterintoacontractbyreferencingamodelcontractfortherelevantcontractcategory.Article13Offer-AcceptanceAcontractisconcludedbytheexchangeofanofferandanacceptance.Article14DefinitionofOfferAnofferisaparty‘smanifestationofintentiontoenterintoacontractwiththeotherparty,whichshallcomplywiththefollowing:(i)Itstermsarespecificanddefinite;(ii)Itindicatesthatuponacceptancebytheofferee,theofferorwillbeboundthereby.Article15InvitationtoOfferAninvitationtoofferisaparty‘smanifestationofintentiontoinvitetheotherpartytomakeanofferthereto.Adeliveredpricelist,announcementofauction,callfortender,prospectus,orcommercialadvertisement,etc.isaninvitationtooffer.Acommercialadvertisementisdeemedanofferifitscontentsmeettherequirementsofanoffer.Article16EffectivenessofOffer,OfferthroughElectronicMessageAnofferbecomeseffectivewhenitreachestheofferee.Whenacontractisconcludedbytheexchangeofelectronicmessages,iftherecipientofanelectronicmessagehasdesignatedaspecificsystemtoreceiveit,thetimewhentheelectronicmessageentersintosuchspecificsystemisdeemeditstimeofarrival;ifnospecificsystemhasbeendesignated,thetimewhentheelectronicmessagefirstentersintoanyoftherecipient‘ssystemsisdeemeditstimeofarrival.Article17WithdrawalofOfferAnoffermaybewithdrawn.Thenoticeofwithdrawalshallreachtheoffereebeforeoratthesametimeastheoffer.Article18RevocationofOfferAnoffermayberevoked.Thenoticeofrevocationshallreachtheoffereebeforeithasdispatchedanoticeofacceptance.Article19IrrevocableOfferAnoffermaynotberevoked:(i)ifitexpresslyindicates,whetherbystatingafixedtimeforacceptanceorotherwise,thatitisirrevocable;(ii)iftheoffereehasreasontoregardtheofferasirrevocable,andhasundertakenpreparationforperformance.Article20ExtinguishmentofOfferAnofferisextinguishedinanyofthefollowingcircumstances:(i)Thenoticeofrejectionreachestheofferor;(ii)Theofferorlawfullyrevokestheoffer;(iii)Theoffereefailstodispatchitsacceptanceattheendoftheperiodforacceptance;(iv)Theoffereemakesamaterialchangetothetermsoftheoffer.Article21DefinitionofAcceptanceAnacceptanceistheofferee‘smanifestationofintentiontoassenttoanoffer.Article22ModeofAcceptance;AcceptancebyConductAnacceptanceshallbemanifestedbynotification,exceptwhereitmaybemanifestedbyconductinaccordancewiththerelevantusageorasindicatedintheoffer.Article23TimelyDispatchofAcceptanceAnacceptanceshallreachtheofferorwithintheperiodprescribedintheoffer.Wheretheofferdoesnotprescribeaperiodforacceptance,theacceptanceshallreachtheofferorasfollows:(i)Wheretheofferismadeorally,theacceptanceshallbedispatchedimmediately,unlessotherwiseagreedbytheparties;(ii)Wheretheofferismadeinanon-oralmanner,theacceptanceshallreachtheofferorwithinareasonabletime.Article24CommencementofthePeriodforAcceptanceWhereanofferismadebyaletteroratelegram,theperiodforacceptancecommencesonthedateshownontheletterorthedateonwhichthetelegramishandedinfordispatch.Iftheletterdoesnotspecifyadate,theperiodcommencesonthepostingdatestampedontheenvelop.Wheretheofferismadethroughaninstantaneouscommunicationdevicesuchastelephoneorfacsimile,etc.,theperiodforacceptancecommencesoncetheofferreachestheofferee.Article25ContractFormeduponEffectivenessofAcceptanceAcontractisformedoncetheacceptancebecomeseffective.Article26EffectivenessofAcceptanceAnoticeofacceptancebecomeseffectiveonceitreachestheofferor.Wheretheacceptancedoesnotrequirenotification,itbecomeseffectiveonceanactofacceptanceisperformedinaccordancewiththerelevantusageorasrequiredbytheoffer.Whereacontractisconcludedbytheexchangeofelectronicmessages,thetimeofarrivaloftheacceptanceshallbegovernedbyParagraph2ofArticle16hereof.Article27WithdrawalofAcceptanceAnacceptancemaybewithdrawn.Thenoticeofwithdrawalshallreachtheofferorbeforeoratthesametimeastheacceptance.Article28LateAcceptanceAnacceptancedispatchedbytheoffereeafterexpirationoftheperiodforacceptanceconstitutesanewoffer,unlesstheofferortimelyadvisestheoffereethattheacceptanceisvalid.Article29DelayedTransmissionofAcceptanceIftheoffereedispatcheditsacceptancewithintheperiodforacceptance,andtheacceptance,whichwouldotherwisehavereachedtheofferorinduetimeundernormalcircumstances,reachestheofferorafterexpirationoftheperiodforacceptanceduetoanyotherreason,theacceptanceisvalid,unlesstheofferortimelyadvisestheoffereethattheacceptancehasbeenrejectedongroundsofthedelay.Article30AcceptanceContainingMaterialChangeThetermsoftheacceptanceshallbeidenticaltothoseoftheoffer.Apurportedacceptancedispatchedbytheoffereewhichmateriallyaltersthetermsoftheofferconstitutesanewoffer.Achangeinthesubjectmatter,quantity,quality,priceorremuneration,time,placeandmethodofperformance,liabilitiesforbreachofcontractormethodofdisputeresolutionisamaterialchangetothetermsoftheoffer.Article31AcceptanceContainingNon-materialChangesAnacceptancecontainingnonmaterialchangestothetermsoftheofferisneverthelessvalidandthetermsthereofprevailasthetermsofthecontract,unlesstheofferortimelyobjectstosuchchangesortheofferindicatedthatacceptancemaynotcontainanychangetothetermsthereof.Article32TimeofFormationinCaseofMemorandumofContractWherethepartiesenterintoacontractbyamemorandumofcontract,thecontractisformedwhenitissignedorsealedbytheparties.Article33TimeofFormationinCaseofLettersorElectronicMessages;ConfirmationLetterWherethepartiesenterintoacontractbytheexchangeoflettersorelectronicmessages,onepartymayrequireexecutionofaconfirmationletterbeforethecontractisformed.Thecontractisformeduponexecutionoftheconfirmationletter.Article34PlaceofFormation;ElectronicMessagesTheplacewheretheacceptancebecomeseffectiveistheplaceofformationofacontract.Whereacontractisconcludedbytheexchangeofelectronicmessages,therecipient‘smainplaceofbusinessistheplaceofformationofthecontract;iftherecipientdoesnothaveamainplaceofbusiness,itshabitualresidenceistheplaceofformationofthecontract.Ifthepartieshaveagreedotherwise,suchagreementprevails.Article35PlaceofFormationinCaseofMemorandumofContractWhereacontractisconcludedbyamemorandumofcontract,itsplaceofformationistheplacewherethepartiessignorsealthecontract.Article36EffectofFailuretoConcludeContractinWritingWhereacontractistobeconcludedbyawritingasrequiredbytherelevantlaworadministrativeregulationorasagreedbytheparties,ifthepartiesfailedtoconcludethecontractinwritingbutonepartyhasperformeditsmainobligationandtheotherpartyhasacceptedtheperformance,thecontractisformed.Article37EffectofFailuretoSigninCaseofMemorandumofContractWhereacontractistobeconcludedbyamemorandumofcontract,ifpriortosigningorsealingofthecontract,onepartyhasperformeditsmainobligationandtheotherpartyhasacceptedtheperformance,thecontractisformed.Article38ContractunderStateMandatoryPlanWherethestatehas,inlightofitsrequirements,issuedamandatoryplanorstatepurchaseorder,therelevantlegalpersonsandotherorganizationsshallenterintoacontractbasedontherightsandobligationsofthepartiesprescribedbytherelevantlawsandadministrativeregulations.Article39StandardTerms;DutytoCallAttentionWhereacontractisconcludedbywayofstandardterms,thepartysupplyingthestandardtermsshallabidebytheprincipleoffairnessinprescribingtherightsandobligationsofthepartiesandshall,inareasonablemanner,calltheotherparty‘sattentiontotheprovision(s)wherebysuchparty‘sliabilitiesareexcludedorlimited,andshallexplainsuchprovision(s)uponrequestbytheotherparty.Standardtermsarecontractprovisionswhichwerepreparedinadvancebyapartyforrepeateduse,andwhicharenotnegotiatedwiththeotherpartyinthecourseofconcludingthecontract.Article40InvalidityofCertainStandardTermsAstandardtermisinvalidifitfallsintoanyofthecircumstancessetforthinArticle52andArticle53hereof,orifitexcludestheliabilitiesofthepartysupplyingsuchterm,increasestheliabilitiesoftheotherparty,ordeprivestheotherpartyofanyofitsmaterialrights.Article41DisputeConcerningConstructionofStandardTermIncaseofanydisputeconcerningtheconstructionofastandardterm,suchtermshallbeinterpretedinaccordancewithcommonsense.Ifthestandardtermissubjecttotwoormoreinterpretations,itshallbeinterpretedagainstthepartysupplyingit.Ifadiscrepancyexistsbetweenthestandardtermandanon-standardterm,thenon-standardtermprevails.Article42Pre-contractLiabilitiesWhereinthecourseofconcludingacontract,apartyengagedinanyofthefollowingconducts,therebycausinglosstotheotherparty,itshallbeliablefordamages:(i)negotiatinginbadfaithunderthepretextofconcludingacontract;(ii)intentionallyconcealingamaterialfactrelatingtotheconclusionofthecontractorsupplyingfalseinformation;(iii)anyotherconductwhichviolatestheprincipleofgoodfaith.Article43TradeSecrets;LiabilityforDisclosureorImproperUseApartymaynotdiscloseorimproperlyuseanytradesecretwhichitbecameawareofinthecourseofnegotiatingacontract,regardlessofwhetheracontractisformed.Ifthepartydisclosedorimproperlyusedsuchtradesecret,therebycausinglosstotheotherparty,itshallbeliablefordamages.ChapterThree:ValidityofContractsArticle44EffectivenessofContractAlawfullyformedcontractbecomeseffectiveuponitsformation.Whereeffectivenessofacontractissubjecttoanyproceduresuchasapprovalorregistration,etc.asrequiredbyarelevantlaworadministrativeregulation,suchprovisionapplies.Article45ConditionsPrecedent;ConditionsSubsequent;ImproperImpairmentorFacilitationThepartiesmayprescribethateffectivenessofacontractbesubjecttocertainconditions.Acontractsubjecttoaconditionprecedentbecomeseffectiveoncesuchconditionissatisfied.Acontractsubjecttoaconditionsubsequentisextinguishedoncesuchconditionissatisfied.Whereinordertofurtheritsowninterests,apartyimproperlyimpairedthesatisfactionofacondition,theconditionisdeemedtohavebeensatisfied;whereapartyimproperlyfacilitatedthesatisfactionofacondition,theconditionisdeemednottohavebeensatisfied.Article46ContractTermThepartiesmayprescribeatermforacontract.Acontractsubjecttoatimeofcommencementbecomeseffectiveatsuchtime.Acontractsubjecttoatimeofexpirationisextinguishedatsuchtime.Article47ContractbyPersonwithLimitedCapacityAcontractconcludedbyapersonwithlimitedcapacityforcivilactisvaliduponratificationbythelegalagentthereof,providedthatacontractfromwhichsuchpersonaccruesbenefitsonlyortheconclusionofwhichisappropriateforhisage,intelligenceormentalhealthdoesnotrequireratificationbyhislegalagent.Theotherpartymaydemandthatthelegalagentratifythecontractwithinonemonth.Ifthelegalagentfailstomanifesthisintention,heisdeemedtohavedeclinedtoratifythecontract.Priortoratificationofthecontract,theotherpartyingoodfaithisentitledtocancelthecontract.Cancellationshallbeeffectedbynotification.Article48ContractbyUnauthorizedAgentAbsentratificationbytheprincipal,acontractconcludedonhisbehalfbyapersonwholackedagencyauthority,whoactedbeyondhisagencyauthorityorwhoseagencyauthoritywasextinguishedisnotbindingupontheprincipalunlessratifiedbyhim,andthepersonperformingsuchactisliable.Theotherpartymaydemandthattheprincipalratifythecontractwithinonemonth.Wheretheprincipalfailstomanifesthisintention,heisdeemedtohavedeclinedtoratifythecontract.Priortoratificationofthecontract,theotherpartyingoodfaithisentitledtocancelthecontract.Cancellationshallbeeffectedbynotification.Article49ContractbyPersonwithApparentAgencyAuthorityWherethepersonlackingagencyauthority,actingbeyondhisagencyauthority,orwhoseagencyauthoritywasextinguishedconcludedacontractinthenameoftheprincipal,ifitwasreasonablefortheotherpartytobelievethatthepersonperformingtheacthadagencyauthority,suchactofagencyisvalid.Article50ContractExecutedbyLegalRepresentativeWherethelegalrepresentativeortheperson-in-chargeofalegalpersonoranorganizationofanyothernatureenteredintoacontractactingbeyondhisscopeofauthority,unlesstheotherpartykneworshouldhaveknownthathewasactingbeyondhisscopeofauthority,suchactofrepresentationisvalid.Article51UnauthorizedDisposalofPropertythroughContractWhereapieceofpropertybelongingtoanotherpersonwasdisposedofbyapersonwithoutthepowertodoso,suchcontractisneverthelessvalidoncethepersonwiththepowertoitsdisposalhasratifiedthecontract,orifthepersonlackingthepowertodisposeofitwhenthecontractwasconcludedhassubsequentlyacquiredsuchpower.Article52InvalidatingCircumstancesAcontractisinvalidinanyofthefollowingcircumstances:(i)Onepartyinducedconclusionofthecontractthroughfraudorduress,therebyharmingtheinterestsofthestate;(ii)Thepartiescolludedinbadfaith,therebyharmingtheinterestsofthestate,thecollectiveoranythirdparty;(iii)Thepartiesintendedtoconcealanillegalpurposeundertheguiseofalegitimatetransaction;(iv)Thecontractharmspublicinterests;(v)Thecontractviolatesamandatoryprovisionofanylaworadministrativeregulation.Article53InvalidityofCertainExculpatoryProvisionsThefollowingexculpatoryprovisionsinacontractareinvalid:(i)excludingoneparty‘sliabilityforpersonalinjurycausedtotheotherparty;(ii)excludingoneparty‘sliabilityforpropertylosscausedtotheotherpartybyitsintentionalmisconductorgrossnegligence.Article54ContractSubjecttoAmendmentorCancellationEitherofthepartiesmaypetitionthePeople‘sCourtoranarbitrationinstitutionforamendmentorcancellationofacontractif:(i)thecontractwasconcludedduetoamaterialmistake;(ii)thecontractwasgrosslyunconscionableatthetimeofitsconclusion.Ifapartyinducedtheotherpartytoenterintoacontractagainstitstrueintentionbyfraudorduress,orbytakingadvantageoftheotherparty‘shardship,theaggrievedpartyisentitledtopetitionthePeople‘sCourtoranarbitrationinstitutionforamendmentorcancellationofthecontract.Whereapartypetitionsforamendmentofthecontract,thePeople‘sCourtorarbitrationinstitutionmaynotcancelthecontractinstead.Article55ExtinguishmentofCancellationRightAparty‘scancellationrightisextinguishedinanyofthefollowingcircumstances:(i)Itfailstoexercisethecancellationrightwithinoneyear,commencingonthedatewhenthepartykneworshouldhaveknownthecauseforthecancellation;(ii)Uponbecomingawareofthecauseforcancellation,itwaivesthecancellationrightbyexpressstatementorbyconduct.Article56EffectofInvalidationorCancellation;PartialInvalidationorCancellationAninvalidorcanceledcontractisnotlegallybindingabinitio.Whereacontractispartiallyinvalid,andthevalidityoftheremainingprovisionsthereofisnotaffectedasaresult,theremainingprovisionsareneverthelessvalid.Article57IndependenceofDisputeResolutionProvisionTheinvalidation,cancellationordischargeofacontractdoesnotimpairthevalidityofthecontractprovisionconcerningthemethodofdisputeresolution,whichexistsindependentlyinthecontract.Article58RemediesinCaseofInvalidationorCancellationAfteracontractwasinvalidatedorcanceled,thepartiesshallmakerestitutionofanypropertyacquiredthereunder;whererestitutioninkindisnotpossibleornecessary,allowanceshallbemadeinmoneybasedonthevalueoftheproperty.Thepartyatfaultshallindemnifytheotherpartyforitslosssustainedasaresult.Wherebothpartieswereatfault,thepartiesshallbeartheirrespectiveliabilitiesaccordingly.Article59RemediesinCaseofCollusioninBadFaithWherethepartiescolludedinbadfaith,therebyharmingtheinterestsofthestate,thecollectiveorathirdperson,anypropertyacquiredasaresultshallbeturnedovertothestateorbereturnedtothecollectiveorthethirdperson.ChapterFour:PerformanceofContractsArticle60FullPerformance;PerformanceinGoodFaithThepartiesshallfullyperformtheirrespectiveobligationsinaccordancewiththecontract.Thepartiesshallabidebytheprincipleofgoodfaith,andperformobligationssuchasnotification,assistance,andconfidentiality,etc.inlightofthenatureandpurposeofthecontractandinaccordancewiththerelevantusage.Article61IndeterminateTerms;SupplementaryAgreementIfatermsuchasquality,priceorremuneration,orplaceofperformanceetc.wasnotprescribedorclearlyprescribed,afterthecontracthastakeneffect,thepartiesmaysupplementitthroughagreement;ifthepartiesfailtoreachasupplementaryagreement,suchtermshallbedeterminedinaccordancewiththerelevantprovisionsofthecontractorinaccordancewiththerelevantusage.Article62GapFillingWherearelevanttermofthecontractwasnotclearlyprescribed,andcannotbedeterminedinaccordancewithArticle61hereof,oneofthefollowingprovisionsapplies:(i)Ifqualityrequirementwasnotclearlyprescribed,performanceshallbeinaccordancewiththestatestandardorindustrystandard;absentanystateorindustrystandard,performanceshallbeinaccordancewiththecustomarystandardoranyparticularstandardconsistentwiththepurposeofthecontract;(ii)Ifpriceorremunerationwasnotclearlyprescribed,performanceshallbeinaccordancewiththeprevailingmarketpriceattheplaceofperformanceatthetimethecontractwasconcluded,andifadoptionofapricemandatedbythegovernmentorbasedongovernmentissuedpricingguidelinesisrequiredbylaw,suchrequirementapplies;(iii)Wheretheplaceofperformancewasnotclearlyprescribed,iftheobligationispaymentofmoney,performanceshallbeattheplacewherethepayeeislocated;iftheobligationisdeliveryofimmovableproperty,performanceshallbeattheplacewheretheimmovablepropertyislocated;foranyothersubjectmatter,performanceshallbeattheplacewheretheobligorislocated;(iv)Ifthetimeofperformancewasnotclearlyprescribed,theobligormayperform,andtheobligeemayrequireperformance,atanytime,providedthattheotherpartyshallbegiventhetimerequiredforpreparation;(v)Ifthemethodofperformancewasnotclearlyprescribed,performanceshallberenderedinamannerwhichisconducivetorealizingthepurposeofthecontract;(vi)Ifthepartyresponsiblefortheexpensesofperformancewasnotclearlyprescribed,theobligorshallbeartheexpenses.Article63PerformanceatGovernmentMandatedPriceWhereacontractistobeimplementedatapricemandatedbythegovernmentorbasedongovernmentissuedpricingguidelines,ifthegovernmentadjuststhepriceduringtheprescribedperiodofdelivery,thecontractpriceshallbethepriceatthetimeofdelivery.Whereapartydelaysindeliveringthesubjectmatter,theoriginalpriceappliesifthepricehasincreased,andthenewpriceappliesifthepricehasdecreased.Whereapartydelaysintakingdeliveryormakingpayment,thenewpriceappliesifthepricehasincreased,andtheoriginalpriceappliesifthepricehasdecreased.Article64PerformancetowardaThirdPersonWherethepartiesprescribedthattheobligorrenderperformancetoathirdperson,iftheobligorfailstorenderitsperformancetothethirdperson,orrenderednon-conformingperformance,itshallbeliabletotheobligeeforbreachofcontract.Article65PerformancebyaThirdPersonWherethepartiesprescribedthatathirdpersonrenderperformancetotheobligee,ifthethirdpersonfailstoperformorrenderednon-conformingperformance,theobligorshallbeliabletotheobligeeforbreachofcontract.Article66SimultaneousPerformanceWherethepartiesoweperformancetowardeachotherandthereisnoorderofperformance,thepartiesshallperformsimultaneously.Priortoperformancebytheotherparty,onepartyisentitledtorejectitsrequirementforperformance.Iftheotherpartyrenderednon-conformingperformance,onepartyisentitledtorejectitscorrespondingrequirementforperformance.Article67ConsecutivePerformanceWherethepartiesoweperformancetowardeachotherandthereisanorderofperformance,priortoperformancebythepartyrequiredtoperformfirst,thepartywhoistoperformsubsequentlyisentitledtorejectitsrequirementforperformance.Ifthepartyrequiredtoperformfirstrenderednon-conformingperformance,thepartywhoistoperformsubsequentlyisentitledtorejectitscorrespondingrequirementforperformance.Article68RighttoSuspendPerformanceThepartyrequiredtoperformfirstmaysuspenditsperformanceifithasconclusiveevidenceestablishingthattheotherpartyisinanyofthefollowingcircumstances:(i)Itsbusinesshasseriouslydeteriorated;(ii)Ithasengagedintransferofassetsorwithdrawaloffundsforthepurposeofevadingdebts;(iii)Ithaslostitsbusinesscreditworthiness;(iv)Itisinanyothercircumstancewhichwillormaycauseittoloseitsabilitytoperform.Whereapartysuspendsperformancewithoutconclusiveevidence,itshallbeliableforbreachofcontract.Article69NotificationuponSuspensionofPerformance;TerminationIfapartysuspendsitsperformanceinaccordancewithArticle68hereof,itshalltimelynotifytheotherparty.Iftheotherpartyprovidesappropriateassuranceforitsperformance,thepartyshallresumeperformance.Afterperformancewassuspended,iftheotherpartyfailstoregainitsabilitytoperformandfailstoprovideappropriateassurancewithinareasonabletime,thesuspendingpartymayterminatethecontract.Article70DifficultyinRenderingPerformanceDuetoCombinationWhereaftereffectingcombination,division,orchangeofdomicile,theobligeefailedtonotifytheobligor,therebymakingitdifficulttorenderperformance,theobligormaysuspenditsperformanceorplacethesubjectmatterinescrow.Article71Rightto