中外合资经营合同英文(7)
agreement.
Article 17
In case Party B fails to provide equipment and technology in
accordance with the provisions of this contract and the technology
transfer agreement or in case any deceiving or concealing actions are
found, Party B shall be responsible for compensating the direct losses to
the joint venture company.
Article 18
The technology transfer fee shall be paid in royalties. The royalty
rate shall be ___________% of the net sales value of the products.
The term for royalty payment is the same as the term for the
technology transfer agreement specified in Article 19 of this contract.
Article 19
The term for the technology transfer agreement signed by the joint
venture company and Party B is ___________ years. After the expiration of
the technology transfer agreement, the joint venture company shall have
the right to use, research and develop the imported technology
continuously.
(Note: The term for a technology transfer agreement is generally no
longer than 10 years, and it shall be approved by the Ministry of Foreign
Trade and Economic Cooperation or other examination and approval
authorities entrusted by the Ministry of Foreign Trade and Economic
Cooperation).
Chapter 8 Selling of Products
Article 20
The products of joint venture company will be sold both on the Chinese
and the overseas market, the export portion accounts for __________%,
__________% for the domestic market.
(Note: An annual percentage and amount for outside and domestic
selling will be written out according to practical situations, in normal
conditions, the amount for export shall at least meet the needs of foreign
exchange expenses of the joint venture company).
Article 21
