Both parties shall apply to their respective Government Authorities for approval. The date of approval last ontai ed shall be taken as the date of efectiveness of the Contract. Both parties shall exert their best efforts to obtain the approval within sixty days and inform the other party by telex and thereafer confirm the same by letter.Should the Contract not come into force within six months after the date of signing the Contract, the Contract shall be binding neither to Party A nor to Party B.
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