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SOHU » Topics » Article 15 Warranty of Repair for Residential Houses

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

Article 15 Warranty of Repair for Residential Houses

 

1. In the case the house is residential, the Seller shall warrant to the Buyer the quality of the house in accordance with the Warranty of the Quality of Residential Houses and assume all the liabilities associated therewith as of the delivery date of the house.

If the house is non-residential, the parties shall specify the scope, period and liabilities of the warranty in a supplemental agreement. (as set out in Exhibit 8)

 

2. In case of any quality problems within the scope of warranty arising out of the house during the warranty period and if parties have agreed on rejecting the house, the house shall be rejected by the Buyer, otherwise, the Seller shall assume the liabilities of repairing, and the Buyer shall give reasonable cooperation to the repairing. If the quality problems are caused by reasons other than the faults of the Seller, the Seller shall be released of the warranty liabilities.
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