Send us Feedback

Sohu.com (SOHU)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

SOHU » Topics » Article 17 Registration of Ownership Transfer

This excerpt taken from the SOHU 10-Q filed May 8, 2007.

Article 17 Registration of Ownership Transfer

 

1. The Seller shall indemnify the Buyer against any and all claims, demand or disputes by any third party in connection with the ownership of the house. If the registration of ownership transfer of the house can not be fulfilled or any disputes of ownership arise out of the house, the Seller shall assume the following liabilities:   (as set out in Exhibit 8)  

2. After the house has been handed over to the Buyer, the parties agree to settle the problems in the following     1     manner.

 

  a) Both Parties apply with the ownership registrar for registration of ownership transfer of the house. (as specified in Exhibit 8)

 

  b) The Buyer retains a third party to apply with the ownership registrar for registration of ownership transfer of the house.

 

  c) The Buyer agrees to retain     X     to apply with the ownership registrar for registration of ownership transfer of the house at the service fees of RMB     X    .

 

3. In the case the Buyer fails to obtain the Certificate of Ownership of the house within     X     days of the delivery of the house, the parties agree to settle the problem as follows.

 

  a) If the failure is caused by the fault of the Seller, the Buyer shall have the right the reject the house. If the Buyer elect to do so, the Seller shall , within     X     days of the receipt of the notice of rejecting the house, refund the Buyer all the sum already paid by the Buyer and pay to the Buyer an interest of     X     of the sum of refund. If the Buyer does not reject the house, an interest shall be calculated at a daily rate of     X     of the sum already paid by the Buyer as of the due date of obtaining the certificate of ownership until the obtaining is actually fulfilled and the Seller shall pay to the Buyer such interest within     X     days from the date of fulfillment.

 

  b) If the failure is caused by the fault of the Buyer, the Buyer shall assume such losses at its sole expenses.

 

  c)     X    
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki