Article6. Force majeure condition. If either party is prevented from or delayed in performing any duty under this contract by an event beyond his reasonale control, then his event shall be deemed force majeure, and this party shall not considered in default and no remedy, be it under this Contract or otherwise shall be available to orther party.Force majeure events include, but not limited to: War, riots, insurrections, newly Government policy, fire, explosion, flood, storm, earthquake or other abnormal natural event. Article 7. ArbitrationThe two parties will amicably settle all the disputes arising during the performance of the contract. Should no settlement of disputes or such difference of the opinion be made amicably, then disputes and difference of opinion shall be settled in accordance with the Arbitration Regulations of the foreign Trade Arbitration Organization of a third country mutually agreed by the parties.Article 8: Duration of contract8.1 The contract is valid on 08/30/2015 and will be extended if there is any requirement.8.2 The contract will be terminated if:- The BUYER fail to pay SELLER for all the processing money in time- The BUYER delivers the finished products lately and the products are not good as request. The contract comes effective from signing date. The contract is made in 4 copies. Each party keep 02 copies which have same legal value. Any change must be agreed by the two parties in written
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