Seller to issue performance Bond to the Buyer of 2% non-operative on each Letter of Credit to the Buyer in accordance to the terms of contract.
The agency is a kind of market contract while overseas branch is enterprise contract in terms of contract theory.
The author also consider that the implied terms of contract is not only used for interpreting the contract, but also a means of limiting the parties' free ideas.
Substantial requirements and conditions, terms of contract, standards and sub-contracting must be clear and definite.
