LONG-TERM COPRODUCTION CONTRACT


LONG-TERM COPRODUCTION CONTRACT



Made between:


Company: 

____________________________________________________________________________

 (address, place, state)


represented by 

____________________________________________________________________________

 (full name and function of the authorised person)


hereinafter called _______________ (FIRM A) on the one side,

and

Company: 

____________________________________________________________________________

(address, place, state)

represented by 

____________________________________________________________________________

 (full name and function of the authorised person)

hereinafter called_________________________(FIRM B), on the other1).

All firms taking part in the Subject Project shall be hereinafter jointly referred to as PARTIES. 


Article 1


Objective of the Project :

In the way and on conditions stipulated by this Contract, the PARTIES have agreed to enter into a long-term coproduction arrangement in order to make better use of available capacities, modern achievements in the science, technique, technology and experience gained in production of ________________2). To that end, the following aims are to be accomplished in particular:


-         a more intensive participation in International business activities;

-        applying modern technology and technique in the process of mass production, accompanied by improvements in quality of products;


-        a successful research-development work and mastering new products alternatives together with increase of work efficiency;


-         better use of local raw materials, energy and skilled labourforce and work;