Cases xem bóng đá trực tiếp nhà cái termination xem bóng đá trực tiếp nhà cái construction contracts that are not required to compensate for damage in Vietnam

Hello, Lawnet would like to answer as follows:

1. What is a construction contract?

According to the provisions xem bóng đá trực tiếp nhà cái Clause 1, Article 2 xem bóng đá trực tiếp nhà cáiNghị định 37/2015/NĐ-CP, the definition xem bóng đá trực tiếp nhà cái a construction contract is as follows:

- Construction contract is a civil contract negotiated in writing between the employer and contractor for execution xem bóng đá trực tiếp nhà cái a part or whole xem bóng đá trực tiếp nhà cái the construction investment activity.

- The employer means the investor or its representative, general contractor or main contractor.

- Contractor means general contractor or main contractor if its employer is the investor; sub-contractor if its employer is general contractor or main contractor. The contractor can be a joint venture among contractors.

2. Cases xem bóng đá trực tiếp nhà cái termination xem bóng đá trực tiếp nhà cái construction contract in Vietnam

According to Article 41 xem bóng đá trực tiếp nhà cáiNghị định 37/2015/NĐ-CP, cases xem bóng đá trực tiếp nhà cái termination xem bóng đá trực tiếp nhà cái construction contract are as follows:

(1)Situations resulting in termination xem bóng đá trực tiếp nhà cái the contract, rights to terminate the contract; sequence, procedures for termination xem bóng đá trực tiếp nhà cái the contract, level xem bóng đá trực tiếp nhà cái compensation for losses caused by termination xem bóng đá trực tiếp nhà cái the contract must be agreed in the contract and in accordance with the provisions set out hereof and relevant law provisions.

(2)In case the default party (party in breach xem bóng đá trực tiếp nhà cái the contract) fails to correct its mistakes after 56 days since the date xem bóng đá trực tiếp nhà cái temporary suspension by notice without proper reason except otherwise as agreed, the other party (party ordering suspension temporary) has the right to terminate the contract.

(3)In case either party unilaterally terminates the contract without the other party’s fault, such party must make compensation for damages caused to the other party.

(4)Before terminating the contract, one party must make a written notice to the other party some time in advance but no later than 28 days with reasons being specified except otherwise as agreed in the contract. If the party that terminates the contract fails to make the notice causing losses to the other party, such party must make compensation for the losses.

(5)The contract shall become ineffective since the date xem bóng đá trực tiếp nhà cái termination and the parties must fulfill the procedures for liquidation with a period xem bóng đá trực tiếp nhà cái time as agreed in the contract but no later than 56 days since the notice about termination is issued except otherwise as agreed in the contract. After this period, if either party fails to fulfill the procedures for liquidation, the other party is fully entitled to liquidate the contract.

(6)Within two working days since the contract is terminated, the contractor must move all the materials, human force, machinery, equipment and other properties in its possession out xem bóng đá trực tiếp nhà cái the construction site. After this period, if the contractor fails to do so, the employer has the right to settle these properties.

3. Cases xem bóng đá trực tiếp nhà cái termination xem bóng đá trực tiếp nhà cái construction contracts that are not required to compensate for damage in Vietnam

In addition to the above cases xem bóng đá trực tiếp nhà cái termination xem bóng đá trực tiếp nhà cái construction contracts, either party has the right to terminate the contract without compensation for losses caused in the cases as prescribed in Clauses 7 and 8 xem bóng đá trực tiếp nhà cái Article 41 xem bóng đá trực tiếp nhà cáiNghị định 37/2015/NĐ-CP.

- The employer has the right to terminate the contract in the following cases:

+ The contractor goes bankrupt, dissolved or transfers the contract to other individuals or organizations without consent xem bóng đá trực tiếp nhà cái the employer.

+ The contractor refuses to execute the construction work under the contract for 56 straight days that results in violations xem bóng đá trực tiếp nhà cái the contract progress as agreed in the contract except otherwise as approved by the employer.

- The contractor has the right to terminate the contract in the following cases:

+ The employer goes bankrupt, dissolved or transfers the contract to other individuals or organizations without approval xem bóng đá trực tiếp nhà cái the contractor.

+ The construction work has been suspended for 56 straight days by the employer’s fault except otherwise as agreed by the two parties.

+ The employer fails to make the payment to the contractor after 56 days since receipt xem bóng đá trực tiếp nhà cái adequate payment documents except otherwise as agreed by the two parties.

In addition, in a construction contract, the assignor and contractor may agree on the level xem bóng đá trực tiếp nhà cái contract rewards, penalties for contract violations and responsibilities for violations as follows:

- Rewards or fines for construction contracts shall be agreed upon by the parties and stated in the contracts.

- For works using state funds, the fine level must not exceed 12% xem bóng đá trực tiếp nhà cái the value xem bóng đá trực tiếp nhà cái the violated contract.

- In addition to the fine level as agreed upon, the violating party shall compensate for damage caused to the other party and a third party (if any) in accordance with this Law and relevant laws.

(According to the provisions xem bóng đá trực tiếp nhà cái Clauses 1 and 2, Article 146 xem bóng đá trực tiếp nhà cái theLuật trực tiếp bóng đá k+)

- Responsibilities for breach xem bóng đá trực tiếp nhà cái the contract are prescribed in Points 3-7, Article 146 xem bóng đá trực tiếp nhà cái theLuật trực tiếp bóng, provisions xem bóng đá trực tiếp nhà cáiNghị định 37/2015/NĐ-CPand relevant law provisions;

- In case the employer fails to make timely and adequate payment as agreed in the contract, it must pay interest on late payments at the commercial bank where the contractor opens its payment accounts.

- Interest on late payments shall be calculated from the first day xem bóng đá trực tiếp nhà cái late payment until the payment is fully made to the contractor except otherwise as agreed by the two parties.

Key word: construction contract | in Vietnam | damage | termination xem bóng đá trực tiếp nhà cái construction contracts |

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