sales contract for commercial building tailored by shanghai municipal housing, land and resources administration bureau supervised by shanghai administration of industry and commerce printed in 2000 special notice 1. the form contract text is a specimen according to the shanghai real estate transfer ordinance. the terms are indicative, and for the adoption of both parties when selling the commercial residential building which was not pre - sold. 2. purchase of a commercial building is a civil law act. because it involves a large monetary transaction amount, professional judgment and many legal considerations, to protect the rights of both parties, the contract should be signed on the basis of prudence, and strict and thorough consideration. 3. the commercial building can only be sold after the proprietary certificate of the newly - built building has been obtained. the real estate development company should provide the buyer with this certificate. the certificate should be shown to be legitimate and can be verified at the real estate transfer center at the city level, district level and county level. 4. when the real estate development company sells a commercial building encumbered by a mortgage, the company should inform the mortgagee with a written notice from the buyer. if not, the sales transaction is ineffective. the buyer can inquire about the related information of the commercial building at the city - level, district - level, and county - level real estate transfer center. ( the related information will refer to mortgages, approvals by the judicial authority or administrative authority, or any restriction on the right of the use of the commercial building in other forms. ) 5. the parties should timely register the modification with the real estate registration authority after the contract execution date. the buyer should then obtain the building proprietary certificate. 2 2 2 6. if any dispute arises from the execution of or in connection with the contract, either party can file a suit with the local people ’ s court or go to a arbitration committee for arbitration. either an arbitration committee in shanghai or in any other place may be used. the arbitration committee in shanghai may be either the shanghai arbitration committee or the shanghai foreign trading arbitration committee ( foreign affairs related ). 7. the form of contract for sales contract is available from the real estate trading center at city level, district level and county level. it is suggested that the buyers obtain the contract text first and read it thoroughly. sales contract for commercial building party a ( seller ) : shanghai zhangjiang integrated circuit industrial zone development co., ltd address : no. 3000, longdong avenue, zhangjiang hi