responsible for shipping capital goods such as machinery and equipment
etc. contributed as investment to a Chinese port;
Handling the matters entrusted by the cooperative venture company,
such as selecting and purchasing machinery and equipment outside China,
etc.;
Providing necessary technical personnel for installing, testing and
trial production of the equipment as well as the technical personnel for
production and inspecting;
Training the technical personnel and workers of the cooperative
venture company;
In case Party B is the licensor, it shall be responsible for the
stable production of qualified products of the cooperative venture company
in the light of design capacity within the specified period;
Responsible for other matters entrusted by the joint venture company.
(note: It shall be written according to the specific situation).
Chapter 7 Distribution of Profits and Repayment for Party B’s Investment
Article 15
The cooperative venture company shall distribute its profits in
accordance with the following procedure after paying the income tax:
____________% as allocations for reserve funds, expansion funds,
welfare funds and bonuses for staff and workers of the cooperative venture
company;
____________% as repayment for Party B’s Investment and
___________Years scheduled to pay back all Party B’s Investment;
____________% of the left distributed to Party A and ___________% to
Party B.
Chapter 8 Selling of Products
Article 16
The products of cooperative 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 operations, in normal
conditions, the amount for export shall at least meet the needs of foreign
exchange expenses of the joint venture company).
Article 17
Products may be sold on overseas markets through the following
channels:
The cooperative venture company may directly sell its products on the
international market, accounting for _________%.
The cooperative venture company may sign sales contracts with Chinese
foreign trade companies, entrusting them to be the sales agencies or
exclusive sales agencies, accounting for __________%.
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