Idle Communication Cable Transfer Contract
Idle Communication Cable Transfer Contract refers to a contract for transferring idle communication cables, which are not currently in use or have been disconnected from the original communication system. This type of contract is typically used to save on the cost of maintaining these cables and to improve the efficiency of the communication system by transferring them to someone else who can use them. When transferring idle communication cables, it is important to ensure that the transfer is done in accordance with all applicable laws and regulations, and that the cables are handled and transported safely and securely. The contract should also specify the terms and conditions of the transfer, including the date of transfer, the type of cables being transferred, and the payment terms.
This contract is made on [Date], by and between [Transferor] and [Transferee], wherein the former agrees to transfer and the latter agrees to purchase certain idle communication cables under the terms and conditions stipulated below:
1. The Contracted Article
The articles contracted for transfer are certain idle communication cables owned by the Transferor. The specific cables to be transferred are described in Annex A, which is a part of this contract and fully incorporated herein.
2. The Contract Price
The contract price for the transfer of the idle communication cables is [Price]. This price is firm and not subject to any escalation or adjustment unless otherwise agreed upon by both parties in writing.
3. The Time of Transfer
The transfer of the idle communication cables is scheduled to take place on [Transfer Date]. Both parties shall ensure that the cables are available and ready for transfer at this time.
4. The Place of Transfer
The place of transfer of the idle communication cables shall be [Transfer Location]. The Transferee shall arrange for the necessary transportation and ensure that the cables are received in good condition.
5. The Warranty
The Transferor warrants that the idle communication cables to be transferred are free from any claims, liens, or encumbrances and are suitable for their intended use. The Transferee shall inspect the cables upon receipt and notify the Transferor of any defects or unsuitable conditions within [Inspection Period] days of the transfer date.
6. The Risk of Loss
The risk of loss or damage to the idle communication cables shall pass to the Transferee upon receipt. The Transferee shall be responsible for any loss or damage to the cables after this point.
7. The Confidentiality
Both parties shall maintain the confidentiality of this contract and any information related to the transfer of the idle communication cables. Neither party shall disclose any confidential information to any third party without the written consent of the other party.
8. The Termination
This contract may be terminated by either party upon written notice to the other party. However, if either party breaches any term or condition of this contract, the other party may terminate the contract immediately upon written notice.
9. The Jurisdiction
This contract shall be governed by the laws of [Jurisdiction]. Any dispute arising out of or in connection with this contract shall be subject to the exclusive jurisdiction of the courts of [Jurisdiction].
10. The Force Majeure
Neither party shall be liable for any failure to perform its obligations under this contract due to force majeure events, which shall include but not be limited to acts of God, war, terrorism, riots, or government action. However, the affected party shall notify the other party as soon as practicable and take reasonable measures to mitigate the impact of the force majeure event.
In witness whereof, the Transferor and Transferee have executed this contract on the date specified above. This contract is effective as of that date and shall continue in full force and effect until terminated in accordance with its terms.
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