Common use of Withdrawal of the contract Clause in Contracts

Withdrawal of the contract. 1. The emptor is right to withdraw of the contract when: a) the goods does not correspond with the contract specification b) time of delivery is longer than stipulated (article I) for more than 3 weeks 2. The contractor is right to withdraw of the contract when the emptor do not pay 3 weeks after the maturity date (article II). 3. The withdrawal must be performed in written form and must be delivered to the opposite side. 4. In case of the withdrawal of some of the contract participant (§344 of the Trade Code) both participants of the contract are obligated to settle all mutual claims.

Withdrawal of the contract. 1. The emptor is right to withdraw of the contract when: a) the goods does not correspond with the contract specification b) time of delivery is longer than stipulated (article I) for more than 3 4 weeks 2. The contractor is right to withdraw of the contract when the emptor do not pay 3 weeks after the maturity date (article II). 3. The withdrawal must be performed in written form and must be delivered to the opposite side. 4. In case of the withdrawal of some of the contract participant (§344 of the Trade Code) both participants of the contract are obligated to settle all mutual claims.