TEMPLATE AGREEMENT TO TERMINATE CONTRACT

SOCIALIST REPUBLIC OF VIETNAM

Independence – Freedom – Happiness

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AGREEMENT TO TERMINATE CONTRACT

Number…………………..

Today, date ... month ... year ...., We include:

 COMPANY …................................................................................................

  (Hereinafter referred to as Party A)

  And

 COMPANY ................................................................................................

(Hereinafter referred to as “Supplier/Party B”)

Party A and Supplier are hereinafter collectively referred to as “Parties” and individually called “Beside”.

WHEREAS:

(i)        

(ii)      

THEREFORE, HERE, after discussion, the two Parties agreed to sign an Agreement to terminate the Contract (“Agreement”) with the following terms and conditions:

Article 1. Termination of the Contract

1.1.    

1.2.    

1.3.    

…. will pay the Supplier the costs for…the works that the Supplier has performed/goods that the Supplier has provided to Party A] up to the Termination Date of [....] VND (In words:.... Vietnam Dong) within [....] days from the date the Parties sign this Agreement.

The Supplier will refund to Party A the amount received in excess of….[service work performed and confirmed by Party A/quantity of goods provided to Party A is [....] VND (In words:.... Vietnam Dong) within [....] days from the date the Parties sign this Agreement.

ARTICLE 2: LIQUIDATION OF CONTRACT

The Parties agree and confirm that after the Parties complete their obligations under this Agreement, the Contract will be automatically terminated.

ARTICLE 3: GENERAL PROVISIONS

3.1.    

3.2.    

Each Party (“Party Receiving Information”) also agrees that the Receiving Party will ensure that all Employees of the Receiving Party must keep all information of the Disclosing Party confidential (“Disclosure Party”) that the Employee of the Receiving Party knows or may know including but not limited to the terms of the Contract signed between Party A and the Supplier, and/or other information, data, documents created in connection with or arising from the performance of the Contract, information, data, documents provided by the Disclosing Party to the Receiving Party in any form to implement the Contract . In addition, Confidential Information also includes but is not limited to information related to business secrets, technological secrets, trade secrets, knowledge or other information about or for financial marketing. , business of the Disclosing Party. The Disclosing Party has the right to request the Receiving Party to compensate for the losses and expenses that the Disclosing Party suffers or must pay to overcome the consequences arising from the breach of its confidentiality obligations. The Disclosing Party and/or the Disclosing Party's Employees as set forth in this Agreement.

The Privacy Policy in this Article will take effect within [....] years from the date of signing this Agreement.

3.3.    

3.4.    

3.5.    

3.6.