Common use of Amendment and Rescission Clause in Contracts

Amendment and Rescission. 5.1 This Agreement may be amended upon discussion and agreement between parties. 5.2 Any amendment to this Agreement should be made in writing and should become effective upon signing by the authorized representatives of both Parties and approval by the approval authority. 5.3 Parties may agree to terminate this Agreement. The provisions on dispute resolution should survive the termination of this Agreement.

Appears in 2 contracts

Sources: Share Purchase Agreement (Tengtu International Corp), Share Purchase Agreement (Tengtu International Corp)