英文合同

时间:2022-12-25 19:14:21 合同范本 我要投稿
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【精品】英文合同三篇

  现今很多公民的维权意识在不断增强,合同在生活中的使用越来越广泛,它也是减少和防止发生争议的重要措施。那么合同要怎么拟定?想必这让大家都很苦恼吧,下面是小编为大家收集的英文合同3篇,供大家参考借鉴,希望可以帮助到有需要的朋友。

【精品】英文合同三篇

英文合同 篇1

  LEASE CONTRACT(租赁合同)

  出租方(甲方)Lessor (hereinafter referred to as Party A):

  承租方(乙方)Lessee (hereinafter referred to as Party B):

  根据国家有关法律、法规和有关规定,甲、乙双方在平等自愿的基础上,经友好协商一致,就甲方将其合法拥有的房屋出租给乙方使用,乙方承租使用甲方房屋事宜,订立本合同。

  In accordance with relevant Chinese laws 、decrees and pertinent rules and regulations ,Party A and Party B have reached an agreement through friendly consultation to conclude the following contract.

  一、物业地址 / Location of the premises

  甲方将其所有的位于 房屋及其附属设施在良好状态下出租给乙方使用。

  Party A will lease to Party B the premises and attached facilities owned by itself which is located at_____________________________________________________________and they must be in good

  二、房屋面积 / Size of the premises

  出租房屋的登记面积为 平方米(建筑面积)。

  The registered size of the leased premises is __________ square meters (Gross size).

  三、租赁期限 / term of lease

  租赁期限自年月日起至 年 月日止,为期 年,甲方应于 年 月 日将房屋腾空并交付乙方使用。

  (year).

  四、租金/ Rental

  1. 数额:双方商定租金为每月元整。乙方以汇款的形式支付给甲方。

  RMB per month. Party B will pay the rental to Party A in the form of remittance .

  2. 租金按月为壹期支付;第一期租金于_______年_____月_____日以前付清;以后每期租金于每月的______日以前缴纳(以汇出日为支付日,汇费由汇出方承担),先付后住, 甲方收到租金后予书面签收。。

  Payment of rental will be one installment month(s). The first installment will be paid

  before_______ (month) ______ (day) __________ (year). Each successive installment will be paid (day) each month .Party B will pay the rental before using the premises and attached facilities , Party A will issue a written receipt after receiving the payment

  3、如乙方逾期支付租金超过十个工作日,则每天以月租金的0.5%支付滞纳金;如乙方逾期支付租金超过十五天,则视为乙方自动退租,构成违约,甲方有权收回房屋,并追究乙方违约责任。 In case the back payment is more than 10 work days, Party B will pay 0.5 percent of monthly rental as overdue fine every day, if the rental be paid 15 days overdue, Party A will deem that party B has quitted the lease and breach the contract. In this situation, Party A has the right to take back the premises and take actions against party B’s breach.

  五、押金 / Deposit

  1.为确保房屋及其附属设施之安全与完好,及租赁期内相关费用之如期结算,乙方同意于月元整,甲方在收到押金后予以书面签收。 Guarantying the safety and good conditions of the premises and attached facilities and account of

  receipt after receiving the deposit.

  2. 除合同另有约定外,甲方应于租赁关系解除且乙方迁空、点清并付清所有应付费用后的当天将押金全额无息退还乙方。

  Unless otherwise provided for by this contract, Party A will return full amount of the deposit without interest on the day when this contract expires and party B clears the premises and has paid all due rental and other expenses.

  3. 因乙方违反本合同的规定而产生的违约金、损坏赔偿金和其它相关费用,甲方可在押金中抵扣,不足部分乙方必须在接到甲方付款通知后十日内补足。

  In case party B breaches this contract, party A has right to deduct the default fine, compensation for damage or any other expenses from the deposit. In case the deposit is not sufficient to cover such items, Party B should pay the insufficiency within ten days after receiving the written notice of payment from Party A.

  4. 因甲方原因导致乙方无法在租赁期内正常租用该物业,甲方应立即全额无息退还押金予乙方,且乙方有权追究甲方的违约责任。

  If Party B can’t normally use the apartment because of Party A, Party A should return the deposit to Party B at once. And, Party B has the right to ask for the compensation from Party A.

  六、甲方义务 / Obligations of Party A

  1.甲方须按时将房屋及附属设施(详见附件)交付乙方使用。

  Party A will provide the premises and attached facilities (see the appendix of furniture list for detail) on schedule to Party B for using.

  2. 房屋设施如因质量原因、自然损耗、不可抗力或意外事件而受到损坏,甲方有修缮并承担相关费用的责任。如甲方未在两周内修复该损坏物,以致乙方无法正常使用房屋设施,乙方有权终止该合约,并要求退还押金。

  In case the premise and attached facilities are damaged by quality problems, natural damages or

  accidents, Party A will be responsible to repair and pay the relevant expenses. If Party A can’t repair the damaged facilities in two weeks so that Party B can’t use the facilities normally, Party B has the right to terminate the contract and Party A must return the deposit.

  3. 甲方应确保出租的房屋享有出租的权利,如租赁期内该房屋发生所有权全部或部分转移、设定他项物权或其他影响乙方权益的事件,甲方应保证所有权人、他项权利人或其他影响乙方权益的第三者能继续遵守本合同所有条款,反之如乙方权益因此遭受损害,甲方应负赔偿责任。 Party A will guarantee the lease right of the premises. In case of occurrence of ownership transfer in whole or in part and other accidents affecting the right of lease by party B, .party A shallguarantee that the new owner, and other associated ,third parties shall be bound by the terms of this contract. Otherwise, Party A will be responsible to compensate party B’s losses.

  七、乙方义务/ Obligations of Party B

  1.乙方应按合同的规定按时支付租金及押金。

  Party B will pay the rental and the deposit on time.

  2.乙方经甲方同意,可在房屋内添置设备。租赁期满后,乙方将添置的设备搬走,并保证不影响房屋的完好及正常使用。

  Party B may add new facilities with Party A’s approval. When this contract expires, Party B may take away the added facilities without changing the good conditions of the premises for normal use.

  3.未经甲方同意,乙方不得将承租的房屋转租或分租,并爱护使用该房屋如因乙方过失或过错致使房屋及设施受损,乙方应承担赔偿责任。

  Party B will not transfer the lease of the premises or sublet it without Party A’s approval and should take good care of the premises. Otherwise, Party B will be responsible to compensate any damages of the premises and attached facilities caused by its fault and negligence.

  4. 乙方应按本合同规定合法使用该房屋,不得擅自改变使用性质。乙方不得在该房屋内存放危险物品。否则,如该房屋及附属设施因此受损,乙方应承担全部责任。

  Party B will use the premises lawfully according to this contract without changing the nature of the p

  remises and storing hazardous materials in it. Otherwise, Party B will be responsible for the damages caused by it.

  5.乙方应承担租赁期内的`水、电、煤气、电话费、收视费、一切因实际使用而产生的费用,并按单如期缴纳。

  Party B will bear the cost of utilities such as telephone communications, water, electricity and gas on time during the lease term.

  八、合同终止及解除的规定/ Termination and dissolution of the contract

  1. 乙方在租赁期满后如需续租,应提前一个月通知甲方,由双方另行协商续租事宜。在同等条件下乙方享有优先续租权。

  Within one month before the contract expires, Party B will notify Party A if it intends to extend the lease. In this situation, two parties will discuss matters over the extension. Under the same terms Party B has the priority to lease the premises.

  2. 租赁期满后,乙方应将房屋交还甲方;任何滞留物,如未取得甲方谅解,均视为放弃,任凭甲方处置,乙方决无异议。

  When the lease term expires, Party B will return the premises and attached facilities to Party A. Any belongings left in it without Party A’s previous understanding will be deemed to be abandoned by Party

  B. In this situation, Party A has the right to dispose of it and Party A will raise no objection.

  3. 本合同一经双方签字后立即生效;未经双方同意,不得任意终止,如有未尽事宜,甲、乙双方可另行协商。

  This contract will be effective after being signed by both parties. Any party has no right to terminate this contract without another party’s agreement. Anything not covered in this contract will be discussed separately by both parties.

  九、违约及处理/ Breach of the contract

  1. 甲、乙双方任何一方在未征得对方谅解的情况下,不履行本合同规定条款,导致本合同中途终止,则视为该方违约,双方同意违约金为 元整,若违约金不足弥补无过错方之损失,则违约方还需就不足部分支付赔偿金。

  During the lease term, any party who fails to fulfill any article of this contract without the other party’s understanding will be deemed to breach the contract. Both parties agree that the default fine will be RMB . In case the default fine is not sufficient to cover the loss suffered by the faultless party, the party in breach should pay additional compensation to the other party.

  2. 若双方在执行本合同或与本合同有关的事情时发生争议,应友好协商;协商不成,可向有管辖权的人民法院提起诉讼。

  Both parties will solve the disputes arising from execution of the contract or in connection with the contract through friendly consultation. In case the agreement cannot be reached, any party may summit the dispute to the court that has the jurisdiction over the matter.

  十、其他 / Miscellaneous

  1.本合同附件是本合同的有效组成部分,与本合同具有同等法律效力。

  Any annex is the integral part of this contract. The annex and this contract are equally valid.

  2.本合同壹式贰份,甲、乙双方各执一份。

  There are 2 originals of this contract. Each party will hold 1 original(s).

  3. 甲、乙双方如有特殊约定,可在本款另行约定:

  4. 若双方对本合同条款有疑义之处,以中文条款为准。

  If both parties have any doubt to this contract,we will refer to the Chinese edition.

  甲方(Party A):乙方( Party B):

  证件号码(ID No):证件号码(ID No):

  联络地址(Address):联络地址(Address):

  电话(Tel): 电话(Tel):

  日期(Date): 日期(Date):

英文合同 篇2

  合同编号:_________________

  Contract No:_______________

  签订日期:_________________

  Date:______________________

  签订地点:_________________

  Signed at : _______________

  电 话:____________________

  Tel: ______________________

  传 真:____________________

  Fax:_______________________

  电 报:____________________

  Cable: ____________________

  电 传:____________________

  Telex: ____________________

  电 话:____________________

  Tel: ______________________

  传 真:____________________

  Fax:_______________________

  电报:_____________________

  Cable: ____________________

  电传:_____________________

  Telex: ____________________

  经买双方确认根据下列条款订立本合同:

  The undersigned Sellers and Buyers have confirmed this contract in accordance with the terms and conditions stipulated below :

  1. 货号

  Art No. 名称及规格

  Descriptions 单位

  Unit 数量

  Quantity 单价

  Unit Price 金额

  Amount

  合计:_________________

  Totally:______________

  总值(大写):_____________________

  Total value:(in words)_____________

  允许溢短____%。________% more or less in quantity and value allowed.

  2.成交价格术语:

  Terms: □ FOB □ CFR □ CIF □ DDU □

  3.出产国与制造商:___________________________

  Country of origin and manufacturers : ________

  4.包装:__________________

  Packing: __________________

  5.装运唛头:______________

  Shipping Marks: ___________

  6.装运港:________________

  Delivery port : ___________

  7.目地港:________________

  Destination: ______________

  8.转运:□ 允许 □ 不允许; 分批装运:□ 允许 □ 不允许

  Transhipments: □ allowed □ not allowed

  Partial shipments:□allowed □ not allowed

  9.装运期:________________

  Shipment date: ____________

  10.保险:由____按发票金额110%,投保_____险,另加保_____险。

  Insurance : to be covered by the FOR 110% of the invoice value covering additional

  11.付款条件:

  Terms of payment:

  □买方通过_____银行在____年____月____日前开出以卖方为受益人的_______期信用证。

  The buyers shall open a Letter of Credit at sight through bank in favour of the sellers prior to .

  □付款交单:买方应对卖方开具的以买方为付款人的见票后_____天付款跟单汇票,付款时交单。

  Documents against payment (D/P)

  The buyers shall duly make the payment against documentary draft made out to the buyers at sight by the sellers.

  □承兑交单:买方应对卖方开具的以买方为付款人的见票后_____天承兑跟单汇票,承兑时交单。

  Documents against acceptance: (D/P)

  The buyers shall duly make the payment against documentary draft made out to the buyers at sight by the sellers.

  □货到付款:买方在收到货物后____天内将全部货款支付卖方(不适用于FOB、CFR、CIF术语)。

  Cash on delivery (COD)

  The buyers shall pay to the sellers total amount within days after the receipt of the goods .(This clause is not applied to the terms of FOB,CFR,CIF).

  □

  12.单据:卖给方应将下列单据提交银行议付/托收。

  Documents :The sellers shall present the following documents required to the banks for negotiation/collection.

  ① 运单

  Shipping Bills :

  □ 海运:全套空白抬头/指示抬头、空白背书/指示背书注明运费已付/到付的已装船清洁海运/联运正本提单,通知在目的港 公司

  In case by sea : Full set of clean on board ocean Bills of Lading / combined transportation Bills of Lading made out to order blank endorsed / endorsed in favour of or made out to order of ,marked “freight prepaid / collected ” notifying at the port of destination .

  □ 陆运:全套注明运费已付/到付的装车的记名清洁运单,通知在目的地 公司。

  In case by land transportation: full set of clean on board land transportation Bills made out to marked “freight prepaid / collected ” notifying at the destination.

  □空运:全套注明运费已付/到付的记名空运单,通知在目的地 公司。

  In case by Air : Full set of clean on board AWB made out to marked “freight prepaid/collected”notifying at

  the destination .

  □ :

  ②标有合同编号信用证号及装运唛头的商业发票一式____份。

  Singed commercial invoice in copied indicating contract No, L/C No. And shipping marks.

  ③由_____出具的装箱单或重量单一式______份。

  Packing list / weight memo in copies issued by .

  ④由_______出具的质量证明书一式________份

  Certificate of Quality in copies issued by .

  ⑤由________出具的数量证明书一式________份

  Certificate of Quantity in copies issued by .

  ⑥保险单正本一式_______份。

  Insurance policy / certificate in copies .

  ⑦ 签发的产地证一式_______份

  Certificate of Origin in copies issued by .

  ⑧装运通知:

  shipping advice:

  另外,卖方应在交运后____小时内以特快专递方式邮寄给买方第____项单据副本一套。

  In addition , the sellers shall, within hours after shipment effected , send each copy of the above—mentioned documents No.____, directly to the buyers by courier service.

  13.装运条款:

  □ FOB

  卖方应在合同规定的装运日期前30天,以电报/电传/传真通知买方合同号、品名、数量、金额、包装件、毛重、尺码及装运港可装日期,以便买方安排租船/订舱。装运船只按期到达装运港后,如卖方不能按时装船,发生的空船费或滞期费由卖方负担。在货物超过船舷并脱离吊钩以前一切费用和风险由卖方负担。

  The sellers shall , 30 days before the shipment date specified in the contract advise the buyers by CABLE / TELEX /FAX of the contract No. , commodity , quantity , amount , packages , gross weight , measurement , and the date of shipment in order that the buyers can charter a vessel / book shipping space . In the event of the sellers’ failure to effect loading when the vessel arrives duly at the loading port , all expenses including dead freight and / or demurrage charges thus incurred shall be for seller’s account.

  □ CIF或CFR

  CIF and CFR

  卖方须按时在装运期限内将货物由装运港装船到目的港。在CFR术语下,卖方应在装船前2天电传/传真/电报买方合同号、品名、发票价值及开船日期,以便买方安排保险。

  The sellers shall ship the goods duly within the shipping duration from the port of shipment to the port of destination . Under CFR terms , the sellers shall advise the buyers by CABLE/FAX/TELEX of the contract No. , commodity , invoice value and the date of despatch two days before the shipment for the buyers to arrange insurance in time.

  □ DDU

  卖方须按时在装运期限内将货物由装运港装运至目的港。

  The sellers shall ship the goods duly within the shipping duration from the port of the port of destination .

  □

  14.装运通知

  shipping advice :

  一件装载完毕,卖方应在____小时内电传/传真/电报买方合同编号、品名、已发运数量、发票总金额、毛重、船名/车/机号及启程日期等。

  The sellers shall immediately upon the completion of the loading of the goods , advise buyers of the contract No., names of commodity , loading quantity , invoice values , gross weight , name of vessel and shipment date by TLX/FAX/CABLE within _____hours .

  15.质量保证:

  Quality guarantee :

  货物品质规格必须符合本合同及质量保证书之规定,品质保证期为货到目的港_____个月内,在保证期限内,因制造厂商在设计制造过程中的缺陷造成的货物损害应由卖方负责赔偿。

  The sellers shall guarantee that the commodity must be in conformity with the quality and specifications specified in this contract and Letter of Quality Guarantee .The guarantee period shall be months after the arrival of the goods at the port of destination , and during the period the sellers shall be responsible for the damage due to the defects in designing and manufacturing of the manufacturer.

  16.商品检验:卖方须在装运前_____日委托 检验机构对合同之货物进行检验并出具检验证书,货到目的港后,由买方委托____检验机构进行复检。

  Goods inspection : The sellers shall have the goods inspected by Inspection Authority days before the shipment and issued the Inspection Certificate . The buyers shall have the goods reinspected by Inspection Authority after the goods arrival at the destination.

  17.索赔

  Claims:

  如经中国_____检验机构复检,发现货物有损坏、残缺或品名、规格、数量及质量与本合同及质量保证书之规定不符,买方可于货到目的港后 天内凭上述检验机构出具的证明书向卖方要求索赔。如上述规定之索赔期与质量保证期不一致,在质量保证期限内买方仍可向卖方就质量保证条款之内容向卖方提出索赔。

  The buyers shall lodge claims against the sellers based on the Inspection Certificate issued by China Inspection Authority Days after the arrival of the goods at the destination , if the goods are found to be damaged , missing or the specifications , quantity, and quality not in conformity with those specified in this contract and Letter of Quality Guarantee . In case the claim period above specified is not in conformity with the quality guarantee period, during the quality guarantee period, the buyers have rights to lodge claims against the sellers concerning the quality guarantee.

  18.延期交货违约金

  Late delivery and penalty

  除双方认可的不可抗力因素外,卖方迟于合同规定的期限交货,如买方同意迟延交货,卖方应同意对信用证有关条款进行个性和同意银行在议付货款时扣除本条规定的违约金。违约金总值不超过货物总价值的5%,差率按7天0.5%计算,不满7天仍按7天计算。在未采用信用证支付的情况下,卖方应将前述方法计算的违约金即付买方。

  If the sellers fail to make delivery on time as stipulated in the contract , with exception of Force Majeure, the buyers shall agree to postpone the delivery on conditions that the sellers agree to amend the clauses of the L/C and pay a penalty which shall be deducted by the paying bank from the payment under negotiation . The penalty , however , shall not exceed 5% of the total value of the goods . The rate of penalty is charged at 0.5%for every seven days , if less that seven days. In case , the payment is not made through L/C , the sellers shall pay the penalty counted as above to the buyers as soon as possible.

  19.人力不可抗拒:如因人力不可抗拒的原因造成本合同全部或部分不能履约,卖方概不负责,但卖方应将上述发生的情况及

  时通知买方。

  Force Majeure : The sellers shall not hold any responsibility for partial or total non-performance of this contract due to Force Majeure . But the sellers shall advise the buyers on times of such occurrence.

  20.争议之解决方式:

  Disputes settlement :

  □任何因本合同而发生或与本合同有关的争议,应提交中国国际经济贸易仲裁委员会,按该会的仲裁规则进行仲裁。仲裁地点在中国深圳。仲裁裁决是终局的,对双方均有约束力。

  All disputes arising out of the contract or in connection with the contract , shall be submitted to the China International Economic and Trade Arbitration Commission for arbitration in accordance with its Rules of Arbitration in ShenZhen China . The arbitral award is final and binding upon both parties.

  □

  21.法律适用

  Law application :

  本合同之签订地、或发生争议时货物所在地在中华人民共和国境内或被诉人为中国法人的,适用中华人民共和国法律,除此规定外,适用《联合国国际货物销售公约》。

  It will be governed by the law of the People’s Republic of China under the circumstances that the contract is singed or the goods while the disputes arising are in the People’s Republic of China or the deffendant is Chinese legal person , otherwise it is governed by United Nations Convention on Contract for the International Sale of Goods .

  22.本合同使用的FOB、CFR、CIF、DDU 术语系根据国际商会《Incoterms 1990》

  23.文字:本合同中、英两种文字具有同等法律效力,在文字解释上,若有异议,以中文解释为准。

  Versions : This contract is made out in both Chinese and English of which version is equally effective .Conflicts between these two language arising therefrom . if any , shall be subject to Chinese version .

  24.附加条款(本合同上述条款与本附加条款有抵触时,以本附加条款为准):

  Additional Clauses : (conflicts between contract clause here above and this additional clause , if any , it is subject to this additional clause)

  25.本合同共____份,自双方代表签字(盖章)之日起生效。

  This contract is in copies , effective since being signed / sealed by both parties:

  买方代表人:___________________________ 卖方代表人 :_________________________

  Representative of the buyers : _______ Representative of the sellers :______

  签字:_________________________________ 签字:________________________________

  Authorized signature :________________ Authorized signature : ______________

英文合同 篇3

  The following document offers excellent guidelines when preparing a timber sale contract.?Separate articles may be added to suit specific circumstances.?It is advised that the Seller and Purchaser employ legal counsel to review the contract prior to its endorsement.

  Contract entered into this ______ day of _____, 20___., by and between __________ of _________ Illinois, hereinafter called the Seller, and _____________, of ____________(city), ___________(state), Illinois Timber Buyer License Number _______, hereinafter called the Purchaser, WITNESSETH:

  1. The Seller agrees to sell and the Purchaser agrees to buy for the total sum of ________dollars ($_______) under the conditions set forth in this contract all of the live standing timber marked or designated for cutting and all of the dead or down timber marked or designated upon an area of approximately _____ acres, situated in the _________ of Section ________, Twp._______ R._______, ____________ County, Illinois, on land owned and recorded in the name of _______________________.

  The Purchaser further agrees to pay to the Seller as an initial payment under this contract the sum of _________________ dollars ($_________), receipt of which is hereby acknowledged, and a final payment in the sum of ________________ dollars ($_______), prior to any cutting or removal of timber under this contract.

  2. The Seller further agrees to mark and dispose of the timber conveyed in this contract in strict accordance with the following conditions:

  (a) All trees to be included in this sale will be marked with a distinctive mark on the bole and stump of each tree.

  (b) No trees under _____ inches in diameter at a point 4 1/2 feet from the ground will be marked for cutting.

  (c) No concurrent contract involving the area or period covered in this contract has been or will be entered into by the Seller without the written consent of the Purchaser

  (d) The Purchaser and his employees shall have access to the area at all reasonable times and seasons for the purpose of carrying out the terms of this contract.

  (e) Unless otherwise specified, all material contained in the marked or designated trees is included in this sale

  (f)

  (g)

  3. The Purchaser further agrees to cut and remove all of the timber conveyed in this contract in strict accordance with the following conditions:

  (a) Unless an extension of time is agreed upon in writing between the Seller and Purchaser, all timber shall be paid for, cut, and removed on or before and none after the _____ day of _______, 20___, and any material not so removed shall revert to the Seller.

  (b) Unmarked trees and young timber shall be protected against unnecessary injury from felling and logging operations.?If, however, unmarked trees are cut, damages shall be paid the Seller at the rate of $1 per tree per M bd. ft. for all other species, and in the event that any such trees are cut, said trees shall remain upon the premises and shall be the property of the Seller.

  (c) Necessary logging roads shall be cleared by the Purchaser only after their locations have been definitely agreed upon with the Seller or his representative, and any trees to be removed in the clearing operations shall first be marked by the Seller.

  (d) During the life of this contract and on the area covered, care shall be exercised by the Purchaser and his employees against the starting and spread of fire, and they shall do all in their power to prevent and control fires.

  (e) Any liability for damage, destruction, or restoration of private or public improvements or personal damages occasioned by or in the exercise of this contract shall be the sole responsibility of the Purchaser, and the Purchaser shall save harmless the Seller on account of such damages.

  (f) The risk if loss or damage to the trees herein purchased, from any and all causes whatever, shall be borne by purchasers from the date hereof.

  (g) The Purchaser will not assign this agreement without the written consent of the Seller.

  (h)

  (g)

  (i)

  4. The Seller and Purchaser mutually agree as follows:

  (a) All modifications of the contract will be reduced to writing, dated, signed, and witnessed and attached to this contract.

  (b) Any need for reassignment of interest of either party may be changed within 10 days following written consent by both parties.?All terms of this contract legally bind the named representatives to excuse this document as written.

  (c) The total number of trees conveyed is _____ (having a volume of approximately _____bd. ft.) composed as follows:

  _______ white oak, _______ red and black oak, __________________, ____________________, ______________________, __________________.

  (d) In case of dispute over the terms of this contract, final decision shall rest with a reputable person to be mutually agreed upon the by parties to this contract.?If the parties hereto do not agree upon a third party within 10 days following the initiation of the dispute, or in the case of further disagreement, then within 15 days from the initiation of the dispute, it shall be submitted to a Board of Arbitration of three persons, one to be selected by each party to this contract and the third to be selected by the other two.?The Board shall decide the dispute within 5 days after the matter is referred to it.

  In the event that damages are awarded to the Seller by the Board of Arbitration and are not paid on the date that the award is made, then all operations of the Purchaser shall immediately cease, and if the award is not paid or satisfied within 30 days after the date of award, the Seller may take immediate possession of the premises upon which the timber is located, shall retain as liquidated damages all money paid by the Purchaser, and the title to all timber shall revert to and become the property of the seller.

  In witness whereof, the parties hereto have set their hands and seals this __________ day of ______________________ 20____.

  WITNESSES:

  ______________________________???______________________________

  for the Purchaser?? Purchaser

  ______________________________???______________________________

  for the Seller Seller

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