Common use of Transaction Principles Clause in Contracts

Transaction Principles. 2.1 Specific agreements may be separately entered into between the respective Parties, that is Party A (and its associates) and Party B (and its affiliates), for specific products and services in accordance with the scope of this Agreement. Both Parties agree to implement the contracts under this Agreement pursuant to the following principles: 2.1.1 the products and services to be provided shall be of satisfactory quality to the recipient; 2.1.2 the pricing of the products and services to be provided shall be fair and reasonable; 2.1.3 the terms and conditions of the products and services provided by Party A to Party B shall be more favourable than those provided by the independent third parties; and 2.1.4 the terms and conditions of the products and services provided by Party B to Party A shall be no less favourable than those provided by Party B to the independent third parties.

Transaction Principles. 2.1 Specific agreements contracts may be separately entered into between the respective Parties, that is Party A (and its associates) and Party B (and its affiliates), for specific products and services in accordance with the scope of this Agreement. Both Parties agree to implement the specific contracts under this Agreement pursuant to the following principles: 2.1.1 the products and services to be provided shall be of satisfactory quality to the recipient; 2.1.2 the pricing of the products and services to be provided shall be fair and reasonable; 2.1.3 the terms and conditions of the products and services provided by Party A to Party B shall be more favourable than those provided by the independent third parties; and 2.1.4 the terms and conditions of the products and services provided by Party B to Party A shall be no less favourable than those provided by Party B to the independent third parties.