【正文】 the contract or to exempt part of the obligations for implementation of the contract or whether to delay the execution of the contract according to the effects of the events on the performance of the contract.Chapter 19 Applicable LawArticle 47The formation, validity, interpretation, execution and settlement of disputes in respect of, this contract shall be governed by the relevant laws of the People39。s Republic of China on ChineseForeign Cooperative Joint Ventures. The labor contracts shall, after being signed, be filed with the local labor management department.Article 31The appointment of highranking administrative personnel remended by both parties, their salaries, social insurance, welfare and the standard of travelling expenses etc. shall be decided by the meeting of the board of directors.Chapter 12 Taxes, Finance and AuditArticle 32The cooperative venture pany shall pay taxes in accordance with the provisions of Chinese laws and other relative regulations.Article 33Staff members and workers of the cooperative venture pany shall pay individual ine tax according to the Individual Ine Tax Law of the People39。s Investment。Responsible for other matters entrusted by the joint venture pany.(note: It shall be written according to the specific situation).Chapter 7 Distribution of Profits and Repayment for Party B39。Handling the matters entrusted by the cooperative venture pany, such as selecting and purchasing machinery and equipment outside China, etc.。Assisting the cooperative venture pany in contacting and settling the fundamental facilities such as water, electricity, transportation etc.。Processing the application for the right to the use of a site to the authority in charge of the land。s Republic of China.Chapter 2 Parties of the Cooperative VentureArticle 1Parties to this contract are as follows: _________Company (hereinafter referred to as Party A), registered with ______in China, and its legal address is at____________(street)_______ (district)_____________(city)_____________China.Legal representative: Name:Position:Nationality:___________Company (hereinafter referred to as Party B), registered with_______. Its legal address at___________.Legal representative: Name:Position:Nationality:(Note: In case there are more than two investors, they will be called Party C, D... in proper order).Chapter 3 Establishment of the Cooperative Venture CompanyArticle 2In accordance with the Cooperative Venture Law and other relevant Chinese laws and regulations, both parties of the Cooperative venture agree to set up ___________Cooperative venture limited liability pany (hereinafter referred to as the Cooperative venture pany).Article 3The name of the Cooperative venture pany is______________ Limited Liability Company. The name in foreign language is _________. The legal address of the joint venture pany is at __________street________(city)____________province.Article 4All activities of the Cooperative venture pany shall be governed by the laws, decrees and pertinent rules and regulations of the People39。s Republic of China on ChineseForeign Cooperative Joint Ventures and other relevant Chinese laws and regulations, _______________Company and _________Company, in accordance with the principle of equality and mutual benefit and through friendly consultations, agree to jointly set up a Cooperative venture in _______ the People39。 study and develop new products.(Note: It shall be written in the contract according to the specific conditions).Article 8The production scale of the Cooperative venture pany is as follows:1. The production capacity after the Cooperative venture is put into operation is _________.2. The production scale may be increased up to_____________ with the development of the production and operation. The product varieties may be developed into ____________.(Note: It shall be written according to the specific situation).Chapter 5 Total Amount of Investment and the Registered CapitalArticle 9The total amount of investment of the Cooperative venture pany is RMB____________(or a foreign currency agreed upon by both parties).Article 10The registered capital of the joint venture pany is RMB __________.(Exclusive of the right to the use of