Can we seek legal recourse?
Assistant Zhou had already returned by this time.
Chang Xiaohu: "I consulted with Deputy Factory Director Deng, and he also had senior experts study this matter carefully."
This situation is also legally permissible…
Assistant Zhou then stepped forward and spoke up.
Assistant Zhou: "Both parties may supplement the agreement separately. If the supplementary agreement cannot be reached, the matter shall be determined in accordance with the relevant terms of the contract and trade practices."
If the timeframe is still uncertain, the debtor may perform at any time. If the timeframe is not specified, the debtor may perform at any time, and the creditor may also demand performance at any time, but the other party should be given the necessary preparation time.
Therefore, our chairman requested that a supplementary agreement be signed separately.
However, the people from Aihui Group were very helpful and repeatedly assured that the production line would be in place, but there was a problem during transportation.
But despite their good attitude, they just haven't signed the supplementary agreement...
If all else fails, the chairman has decided to pursue legal action.
However, legally, the other party should be given the necessary preparation time.
The preparation time can be long or short, but it cannot be unlimited.
It's been less than six months now, which means the other party hasn't had enough time to prepare.
Therefore, we can apply for arbitration…
Chang Xiaohu: "They have investments in Shenzhen, and I'm afraid the government will favor them!"
Some people have even come forward to plead on their behalf, saying that they did have some problems and didn't intend to break the contract. They just wanted to postpone it.
If we apply for arbitration, we'll completely break off relations.
Won't we suffer a loss then?
To put it bluntly, the people at Ai Hui have a great attitude, but then they just won't do anything for you and will drag their feet.
Song Yan nodded, "What you're considering isn't unreasonable, so we should think about it even more thoroughly."
The 5 million yuan received by the chairman will be used as working capital for the time being, and the group must repay this debt in a timely manner after making a profit.
I'll add another 4 million.
Besides, regarding the deposit they're holding onto, even if we can't get it back this year, what about next year? We'll definitely get it back eventually.
He Shengdong hasn't touched the 5 million yuan that the chairman injected into the group. Now that Song Yan has agreed, in addition to the 4 million yuan she injected,...
Jiaren Group now has a much better amount of working capital on its books.
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