Obligations of Party A. 1. In the case of national planning and municipal land use, Party A shall assist Party B in complying with national requirements, laws, and regulations and shall compensate Party B for the ground attachments and crude salt field on the land leased by Party B. 2. Party A shall, when necessary, help Party B to coordinate the surrounding relations of the crude salt field and ensure the normal production of the salt field property. Party B shall adhere to Party A's management and maintain the integrity of the salt field. 3. Party A has not established any form of guarantee on the salt field it owns, and there is no legal defect in any form, and Party A guarantees that Party B will not encounter any issues or face threats of a similar nature after the transfer of the salt field. 4. Party B's acquisition of Party A's crude salt field assets represents only a portion of Party A's assets, and Party A warrants that the acquisition of assets will not be accompanied by any debt, and will not affect the normal operations of Party A. Party B will not assume any of Party A's creditor's rights or debts; all such obligations will remain the responsibility of Party A. Additionally, Party A shall be responsible for settling any disputes with staff formerly working at the purchased salt pans, and Party B shall not assume any responsibility for these matters. 5. Party A shall be responsible for the re-arrangement of the staff who originally worked at the purchased crude salt field, and Party B shall not bear any resettlement costs or undertake any employment relationship. The required staff shall be internally deployed or re-recruited by Party B.
Appears in 5 contracts
Samples: Crude Salt Field Acquisition Agreement (Gulf Resources, Inc.), Crude Salt Field Acquisition Agreement (Gulf Resources, Inc.), Crude Salt Field Acquisition Agreement (Gulf Resources, Inc.)
