Rescission of Contract. If for any reason the conditions precedent set ------------------------ forth in article 5.2 and 5.3 have not all been fulfilled by any Party on or prior to the 90th day after the Business License has been issued, this Contract shall be deemed terminated and of no force and effect and the Company shall be dissolved. The Party that has suffered damages resulting for the breach of the contract can claim such damages against the other Party.
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Sources: Joint Venture Agreement (Pan Asia Mining Corp), Joint Venture Agreement (Pan Asia Mining Corp)
Rescission of Contract. If for any reason the conditions precedent set ------------------------ forth in article 5.2 and 5.3 have not all been fulfilled or waived in writing by any Party B on or prior to the 90th 180th day after the Business License has been issued, this Contract shall be deemed terminated and of no force and effect and effect, the Company shall be dissolved. The Party party that has suffered damages resulting for resulted from the breach of the contract can claim such damages against the other Partyparty.
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