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General Terms and Conditions of Sale

Last updated: July 10, 2025

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Welcome to the General Terms and Conditions of Sale of Binao Tech. These terms govern all sales of services and products offered by Binao Tech Co., Ltd. in Vietnam.

1. General

These General Terms and Conditions of Sale (GTC) govern all sales of services and products by Binao Tech Co., Ltd., a company registered in Vietnam, with its head office located at 207A Nguyen Van Thu, P. Tan Dinh, Ho Chi Minh City, Vietnam (hereinafter "Binao Tech" or the "Service Provider") to its clients (hereinafter the "Client"). Any order placed with Binao Tech implies the Client's unreserved acceptance of these GTC, notwithstanding any contrary stipulations in the Client's documents.

2. Services

Binao Tech specialises in IT consulting, software development, and system integration services. The specific services to be provided are described in a separate service contract or purchase order.

3. Pricing and Deadlines

Binao Tech undertakes to make every effort to adhere to the deadlines and prices communicated to the Client. However, due to unforeseen circumstances, changes in Client requirements, or project complexity, price increases or delays may occur. The Client acknowledges and accepts these increases or delays without the need for written notification to the contrary from them, unless otherwise expressly agreed in writing between the parties before such increases or delays occur.

4. Payment Terms

Invoices issued by Binao Tech are payable according to the terms and deadlines specified in the applicable service contract or purchase order. Unless otherwise stated in the contract, invoices are payable upon receipt.

Invoice Types

EFEE Invoice (or Advance Payment): An initial advance payment invoice, typically payable before the start of work or at key project milestones.

Progress Invoice: Interim invoices issued for work performed as the project progresses.

Final Invoice: A final invoice issued upon completion of the project or service delivery, adjusted to reflect the entirety of the work performed and payments already made.

Any delay in payment will result in the application of late payment penalties calculated at the legal rate in force in Vietnam, as well as reimbursement of collection costs.

5. Confidentiality

Binao Tech and the Client mutually undertake to maintain the confidentiality of all commercial, technical, or financial information exchanged within the framework of the service execution.

6. Intellectual Property

Unless expressly stated otherwise in the service contract, intellectual property rights to deliverables specifically developed for the Client within the framework of the contract will be transferred to the Client upon full payment for the service.

7. Termination

Each party may terminate the contract in the event of a serious breach by the other party of its contractual obligations, which is not remedied within a period of 15 days from the receipt of a formal notice by registered letter with acknowledgement of receipt.

8. Disputes

Any dispute relating to the interpretation or execution of these GTC or any contract concluded with Binao Tech shall be settled in accordance with Vietnamese law and shall be subject to the exclusive jurisdiction of the Binh Thanh District Court, Ho Chi Minh City, Vietnam, where Binao Tech's head office is located.

9. GTC Amendments

Binao Tech reserves the right to amend these GTC at any time. The new GTC will be applicable to orders placed after its update date.

For any questions about these conditions, please contact us at [email protected].