【正文】 he name in foreign language is __________. The legal address of the joint venture pany is at __________street ___________(city)___________ province. Article 4 All activities of the joint venture pany shall be governed by the laws, decrees and pertinent rules and regulations of the People39。 Party B shall pay ___________Yuan, accounting for __________%. Article 11 Both Party A and Party B will contribute the following as their investment: Party A: cash __________Yuan machines and equipment __________Yuan premises __________Yuan the right to the use of the site __________Yuan industrial property __________Yuan others __________ Yuan, __________ Yuan in all. Party B: cash __________Yuan machines and equipment __________Yuan industrial property __________Yuan others __________Yuan, __________Yuan in all. (Note: When contributing capital goods or industrial property as investment, Party A and Party B shall conclude a separate contract to be a part of this main contract). Article 12 The registered capital of the joint venture pany shall be paid in ___________ installments by Party A and Party B according to their respective proportion of their investment. Each installment shall be as follows: (Note: it shall be written according to the concrete conditions). Article 13 In case any party to the joint venture intends to assign all or part of his investment subscribed to a third party, consent shall be obtained from the other party to the joint venture, and approval from the examination and approval authority is required. When one party to the joint venture assigns all or part of his investment, the other party has preemptive right. Chapter 6 Responsibilities of Each Party to the Joint Venture Article 14 Party A and Party B shall be respectively responsible for the following matters: Responsibilities of Party A: Handling of applications for approval, registration, business license and other matters concerning the establishment of the joint venture pany from relevant departments in charge of China。 Assisting Party B to process import customs declaration for the machinery and equipment contributed by Party B as investment and arranging the transportation within the Chinese territory。 Assisting foreign workers and staff in applying for entry visas, work licenses and handling their travel procedures。 Training the technical personnel and workers of the joint venture pany。 2. Party B guarantees that the technology specified in this contract and the technology transfer agreement shall be fully transferred to the joint venture pany, and pledges that the provided technology should be truly advanced among the same type of technology produced by Party B, the model, specification and quality of the equipment are excellent and it is to meet the requirement of technological operation and practical usage。 6. Party B shall guarantee that the technical personnel and the workers in the joint venture pany can master all the technology transferred within the period specified in the technology transfer 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 pensating the direct losses to the joint venture pany. Article 18 The technology transfer fee shall be paid in royalties. The royalty rate shall be ___________% of the 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 pany and Party B is ___________ years. After the expiration of the technology transfer agreement, the joint venture pany 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 pany 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 pany). Article 21 Products may be sold on overseas markets through the following channels: The joint venture pany may directly sell its products on the international market, accounting for ___________%. The joint venture pany may sign sales contracts with Chinese foreign trade panies, entrusting them to be the sales agencies or exclusive sales agencies, accounting for __________%. The joint venture pany may entrust Party B to sell its products, accounting for ______________%. Article 22 The joint venture39。s Republic of China on Labor Management in Joi