The parties are released from liability for partial or complete failure to fulfill obligations under this agreement if the failure was the result of force majeure circumstances that arose after the conclusion of the agreement as a result of extraordinary events. Force majeure circumstances include events that the Party cannot influence and for the occurrence of which it is not responsible (for example, floods, fires, actions of third parties, etc.). Circumstances exempting a Party from liability also include strikes, government decrees or orders of state bodies that make it impossible or significantly impede the performance of their obligations by the Parties. Circumstances exempting a Party from liability also include strikes, government decrees or orders of state bodies that make it impossible or significantly impede the performance of their obligations by the Parties. The Party referring to such circumstances is obliged to inform the other Party in writing about the occurrence of such circumstances within 15 days and confirm their occurrence with official documents. If a Party does not send or untimely sends the necessary notices, then it is obliged to compensate the other Party for the losses caused by this. In the case of a force majeure event, the operation of this agreement is suspended and resumed after the cancellation of the force majeure event. If the force majeure obligations continue to be valid for more than 12 months, then this contract will be terminated automatically. This Agreement is valid for any and all transaction between the parties herein and shall be governed by the enforceable law in All Commonwealth Countries, European Union.
Working process In accordance with CA № 20.04.2023//01 dated 20/04/2023 of cooperation activities, using the principle of business partnership, they undertake to implement joint programs for the purchase and sale of Commodities in accordance with the Buyer's Application.
The Parties' contribution is recognized as all that they contribute to the common cause, including money, property, professional skills and other knowledge and skills, as well as goodwill when purchasing Commodities in accordance with the Buyer's Application on the global market. At the same time, the powers and obligations of each of the Members shall be certified by this Agreement on joint activities concluded in writing.