AGREEMENT ON JOINT INVESTMENT OF LOCAL ENTERPRISES ABROAD
AGREEMENT ON JOINT INVESTMENT OF LOCALENTERPRISES ABROAD1)
Made between:
The firm of
________________________________________________________________________
(name of the firm, exact address, place, state)
represented by
________________________________________________________________________
(full name and function of the authorised person)
hereinafter called _______________________(FIRM A) or "TRANSFEROR OF TECHNOLOGY" on the one side,andThe firm of
________________________________________________________________________
(name of the firm, exact address, place, state)
represented by
________________________________________________________________________
(full name and function of the authorised person)
hereinafter called ______________________(FIRM B) or "TRANSFEREE OF TECHNOLOGY"2) on the other side.
All firms taking part in this Agreement shall be jointly referred to as the "PARTIES".
Preamble: 3)
Whereas in pursuit of the objectives stated under Article 1 of this Agreement the PARTIES have jointly invested the technology, production, know-how, know-why, material anf financial assets and labour for the purpose of establishing a separate joint venture plant, JV PLANT, within the firm ______________ (FIRM B).
Article 1
Purposes and Objectives of the Agreement:
According to the projected development of technology and the adopted plans for expanding production capacities and selection of products in the firm______________________(FIRM B), by specializing in the production of ___________________________4) by applying up-to-date technical expertise and technological capabilities up to highest international standards in such field, in consideration of the mutual agreements and the support of the firm _________________________________ (FIRM A) has set forth the narrow purpose of this Agreement, which shall be to achieve the following economic, technical and technological objectives:
- to specialize in the production of________________________________4) by applying the technical and technological knowledge and capabilities up to highest international standards in such field;
- significant technical and technological improvement in the production and application of _______________________________________4) in _____________________________5);
