【正文】 venture pany must be integrated, precise andreliable. It is to meet the requirement of the joint venture39。Handling the matters entrusted by the joint venture pany, su asselecting and purasing mainery and equipment outside China, etc.。Assisting the joint venture pany in contacting and settling thefundamental facilities su as water, electricity, transportation etc.。Organizing the design and construction of the premises and otherengineering facilities of the joint venture pany。 provide maintenance service after the sale ofthe products。THE_CONTRACT_FOR_SINOFOREIGN_EQUITY_JOINT_VENTURETHE CONTRACT FOR SINOFOREIGN EQUITY JOINT VENTUREWhole Doc.apter 1 General ProvisionsIn accordance with the Law of the People39。s Republicof China.Article 5The Organization form of the joint venture pany is a limitedliability pany. Ea party to the joint venture pany is liable tothe joint venture pany within the limit of the capital subscribed byit. The profits, risks and losses of the joint venture pany shall beshared by the parties in proportion to their contributions to theregistered capital.apter 4 The Purpose, Scope and Scale of Production and BusinessArticle 6The goals of the parties to the joint venture are to enhance economiccooperation tenical exanges, to improve the product quality, developnew products, and gain a petitive position in the world market inquality and price by adopting advanced and appropriate tenology andscientific management methods, so as to raise economic results and ensuresatisfactory economic benefits for ea investor.(Note: This article shall be written according to the specificsituations in the contract).Article 7The productive and business scope of the joint venture pany is toproduce __________ products。Processing the application for the right to the use of a site to theauthority in arge of the land。Assisting the joint venture pany in purasing or leasingequipment, materials, raw materials, articles for office use, means oftransportation and munication facilities etc.。Responsible for handling other matters entrusted by the joint venturepany.Responsibilities of Party B:Providing cash, mainery and equipment, industrial property ... inaccordance with the provisions of Article 11, and responsible for shippingcapital goods su as mainery and equipment etc. contributed asinvestment to a inese port。In case Party B is the licensor, it shall be responsible for thestable production of qualified products of the joint venture pany inthe light of design capacity within the specified period。3. Party B shall work out a detailed list of the provided tenologyand tenological service at various stages as specified in the tenologytransfer agreement to be an appendix to the contract, and guarantee itsperformance。s products to be sold in China may be handled by theinese materials and mercial departments by means of agency orexclusive sales, or may be sold by the joint venture pany directly.Article 23In order to provide maintenance service to the products sold both inChina or abroad, the joint venture pany may set sales branes formaintenance service both in China or abroad subject to the approval of therelevant inese department.Article 24The trade mark of the joint venture39。s Republic of China.Article 44Allocations for reserve funds, expansion funds of the joint venturepany and welfare funds and bonuses for staff and workers shall be setaside in accordance with the provisions of the Joint Venture Law. Theannual proportion of allocations shall be decided by the board ofdirectors according to the business situation of the joint venturepany.Article 45The fiscal year of the joint venture pany shall be from January 1to December 31. All vouers, receipts, statistic statements and reportsshall be written in inese.(Note: A foreign language can be used concurrently with mutualconsent).Article 46Financial ecking and examination of the joint venture pany shallbe conducted by an auditor registered in China and reports shall besubmitted to the board of directors and the general manager.In case Party B considers it necessary to employ a foreign auditorregistered in another country to undertake annual financial ecking andexamination, Party A shall give its consent. All the expenses thereofshall be borne by Party B.Article 47In the first three months of ea fiscal year, the manager shallprepare the previous year39。s Republic of China.apter 22 Settlement of DisputesArticle 59Any disputes arising from the execution of, or in connection with, thecontract shall be settled through friendly consultations between bothparties. In case no settlement can be reaed through consultations, thedisputes shall be submitted to the Foreign Economic and Trade Arbitrationmission of the China Council for the Promotion of International Tradefor arbitration in accordance with its rules of procedure. The arbitralaward is final and binding on both parties.OrAny disputes arising from the execution of, or in connection with thecontract shall be settled through friendly consultations between bothparties. In case no settlement can be reaed through consultations, thedisputes shall be submitted to __________Arbitration Organization in__________for arbitration in accordance with its rules of procedure. Thearbitral award is final and binding on both parties.OrAny disputes arising from the execution of, or in connection with thecontract shall be settled through friendly consultations between bothparties. In case no settlement can be settled through consultations, thedisputes shall be submitted for arbitration.Arbitration shall take place in the defendan