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Common use of Party A and Party B Clause in Contracts

Party A and Party B. Each party represents and warrants to the counterpart that on the date hereof: (a) The Parties meet all qualification requirements of applicable Chinese laws and regulation authorities on Chinese or foreign investors in the scope of industries that the Target Company operates; (b) The Parties are independent legal persons duly organized, validly existing in good standing under the laws of the place of their respective establishment or incorporation;

Appears in 3 contracts

Samples: Equity Transfer Contract (China Direct Industries, Inc.), Equity Transfer Contract (China Direct Industries, Inc.), Equity Transfer Contract (China Direct Industries, Inc.)