AGREEMENT ON BUSINESS AND TECHNICAL COOPERATION


AGREEMENT ON BUSINESS AND TECHNICAL COOPERATION



Made between:


The firm 

________________________________________________________________________

 (name, address, place, state)

represented by: 

_________________________________________________________________________

 (full name and function of the authorised person)

hereinafter referred to as ____________________________________________ (FIRM  A), on the one side


and

the firm: 

________________________________________________________________________

 (name, address, place, state)

represented by: 

________________________________________________________________________

 (full name and function of the authorised person)


hereinafter referred to as _________________________________ (FIRM B) on the other side.1)


All the firms taking part in the subject arrangement shall be jointly referred to as the "PARTIES".


Article 1


Purposes and Objectives:


Guided by mutual interests the PARTIES are hereby establishing the business and technical cooperation in the manner and under the terms stipulated in this Agreement, in pursuit of better use of the available capacities, technical and technological achievements and experience in the design and manufacture of _______________2); in consideration thereto, the PARTIES have set forth the following purposes and objectives:


- greater participation International business activities;


- application of the advanced technology in the process of large-lot production, thus improving the quality of products;