We shall have a EPC contract regards to build a Water Treatment Factory.
I have some questions as follows:
1.What’s different between Partnership contract and Sub-contraction.
- Would you please advice us the rights and obligation which type of contracts should we sign with our partner?
We’re looking forward to hearing from you
As your request, we would like to advise as follows:
With partnership contract, you and your business partner shall act as Joint EPC Contractors. Both of you shall be directly responsible before the investor.
Meanwhile, with Sub-contract, you shall act as Sub-Contractor only.
Being Sub-Contractor, you shall be responsible before the EPC Contractor who sign off the sub-contract with you.