5. LEGALLY BINDING CONTRACTThis Contract is being signed by the parties to evidence their in-principle binding intentions. The parties acknowledge that other than clause 4, legally binding obligations arise between them as a result of the signing of this document. 6. COSTSEach party will bear its own costs of and incidental to this Contract. 7. RELATIONSHIP OF PARTIESNothing contained in this Contract nor anything done by either party shall create a joint venture, partnership or agency relationship between the parties, and neither party shall represent that it is part of a joint venture or the partner or the agent of the other party, nor incur debts on behalf of nor pledge the credit of the other party, without prior communication.8. GOVERNING LAWThis Contract is governed by and is construed in accordance with the laws applicable in Vietnam. In the event of dispute, all resolutions and processes to be conducted via mediation under Singapore jurisdiction.
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