Contract Revision. 1. If one of the following circumstances occurs, both parties may revise the labor contract: (1) Both parties negotiate to reach an agreement. (2) Laws or regulations as bases of this labor contract have been modified. (3) Party A's operational conditions and economic situation have been significantly changed, and Party A fails to continuously perform this labor contract. (4) Other situations stipulated by law. 2. Either party, which wants to revise the labor contract, shall notify the other party by writing 30 days in advance, and all procedures related to the revision of the labor contract shall be followed by writing.
Appears in 4 contracts
Samples: Equity Acquisition Agreement (Tongxin International, Ltd.), Equity Acquisition Agreement (Tongxin International, Ltd.), Equity Acquisition Agreement (Asia Automotive Acquisition Corp.)
