【正文】 n, execution and settlement ofdisputes in respect of, this contract shall be governed by the relevantlaws of the People39。6. Party B shall guarantee that the technical personnel and theworkers in the joint venture pany can master all the technologytransferred within the period specified in the technology transferagreement.Article 17In case Party B fails to provide equipment and technology inaccordance with the provisions of this contract and the technologytransfer agreement or in case any deceiving or concealing actions arefound, Party B shall be responsible for pensating the direct losses tothe joint venture pany.Article 18The technology transfer fee shall be paid in royalties. The royaltyrate shall be ___________% of the net sales value of the products.The term for royalty payment is the same as the term for thetechnology transfer agreement specified in Article 19 of this contract.Article 19The term for the technology transfer agreement signed by the jointventure pany and Party B is ___________ years. After the expiration ofthe technology transfer agreement, the joint venture pany shall havethe right to use, research and develop the imported technologycontinuously.(Note: The term for a technology transfer agreement is generally nolonger than 10 years, and it shall be approved by the Ministry of ForeignTrade and Economic Cooperation or other examination and approvalauthorities entrusted by the Ministry of Foreign Trade and EconomicCooperation).Chapter 8 Selling of ProductsArticle 20The products of joint venture pany will be sold both on the Chineseand the overseas market, the export portion accounts for __________%,__________% for the domestic market.(Note: An annual percentage and amount for outside and domesticselling will be written out according to practical situations, in normalconditions, the amount for export shall at least meet the needs of foreignexchange expenses of the joint venture pany).Article 21Products may be sold on overseas markets through the followingchannels:The joint venture pany may directly sell its products on theinternational market, accounting for ___________%.The joint venture pany may sign sales contracts with Chineseforeign trade panies, entrusting them to be the sales agencies orexclusive sales agencies, accounting for __________%.The joint venture pany may entrust Party B to sell its products,accounting for ______________%.Article 22The joint venture39。Training the technical personnel and workers of the joint venturepany。Assisting Party B to process import customs declaration for themachinery and equipment contributed by Party B as investment and arrangingthe transportation within the Chinese territory。s Republicof China.Chapter 2 Parties of the Joint 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), registeredwith __________. Its legal address at ___________.Legal representative: Name:Position:Nationality:(Note: In case there are more than two investors, they will be calledParty C,D...in proper order).Chapter 3 Establishment of the Joint Venture CompanyArticle 2In accordance with the Joint Venture Law and other relevant Chineselaws and regulations, both parties of the joint venture agree to set up_____________joint venture limited liability pany ( hereinafterreferred to as the joint venture pany).Article 3The name of the joint venture pany is __________Limited LiabilityCompany.The name in foreign language is __________.The legal address of the joint venture pany is at __________street___________(city)___________ province.Article 4All activities of the joint venture pany shall be governed by thelaws, decrees and pertinent rules and regulations of the People39。 study and develop new products.(Note: It shall be written in the contract according to the specificconditions).Article 8The production scale of the joint venture pany is as follows:1. The production capacity after the joint venture is put intooperation is __________.2. The production scale may be increased up to ____________ with thedevelopment of the production and operation. The product varieties may bedeveloped 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 joint venture pany is RMB___________ (or a foreign currency agreed upon by both parties).Article 10Investment contributed by the parties is Renminbi __________, whichwill be the registered capital of the joint venture pany.Of which: Party A shall pay ____________ Yuan, accounting for__________%。Assisting the joint venture in recruiting Chinese managementpersonnel, technical personnel, workers and other personnel needed。s operationpurpose, and be able to obtain the standard of production quality andproduction capacity specified in the contract。 _______by Party ________. The generalmanager and deputy general managers whose terms of office is ________years shall be appointed by the board of directors.Article 31The responsibility of the general manager is to carry out thedecisions of the board and organize and conduct the daily management ofthe joint venture pany. The deputy general managers shall assist thegeneral manager in his work.Several department managers may be appointed by the management office,they shall be responsible for the work in various department