Common use of Prerequisite Clause in Contracts

Prerequisite. 1.1 In order to maintain the brand value of “Bai Shui Du Kang” and respect the historical tradition, all activity in production which are carried out by Party B through taking use of the leased assets of Party A must be carried out in Bai Shui County, Shaanxi Province without any change. 1.2 After the lease of asset of Party A, Party B will still process tax registration and fulfill the obligation of tax payment according to law in Bai Shui County.

Appears in 4 contracts

Sources: Assets Lease Agreement (China Du Kang Co. Ltd.), Assets Lease Agreement (China Du Kang Co. Ltd.), Assets Lease Agreement (China Du Kang Co. Ltd.)