【正文】 s Republic of China. Types,value and duration of insurance shall be decided by the board of directorsin accordance with the provisions of the People39。 _______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 departmentsrespectively, handle the matters handed over by the general manager anddeputy general managers and shall be responsible to them.Article 32In case of graft or serious dereliction of duty on the part of thegeneral manager and deputy general managers, the board of directors shallhave the power to dismiss them at any time.Chapter 11 Purchase of EquipmentArticle 33In its purchase of required raw materials, fuel, parts, means oftransportation and articles for office use, etc., the joint venturepany shall give first priority to purchase in China where conditionsare the same.Article 34In case the joint venture pany entrusts Party B to purchaseequipment on the overseas market, persons appointed by the Party A shallbe invited to take part in the purchasing.Chapter 12 Preparation and ConstructionArticle 35During the period of preparation and construction, a preparation andconstruction office shall be set up under the board of directors. Thepreparation and construction office shall consist of _________ persons,among which ________ persons will be from Party A, _______ persons fromParty B. The preparation and construction office shall have one managerremended by Party _________, and one deputy manager by Party ________.The manager and deputy manager shall be appointed by the board ofdirectors.Article 36The preparation and construction office is responsible for thefollowing concrete works: examining the designs of the project, signingthe project construction contract, organizing the purchase and inspectionof related equipment, materials, etc., working out the general schedule ofproject construction, piling the expenditure plans, controlling projectfinancial payments and final accounts of the project, drawing upmanagerial methods and keeping and filing documents, drawings, files andmaterials, etc., during the construction period of the project.Article 37A technical group with several technical personnel appointed by PartyA and Party B shall be organized. The group, under the leadership of thepreparation and construction office, is in charge of the examination,supervision, inspection, testing, checking and accepting, and performancechecking of the project design, the quality of the project, the equipmentand materials and the imported technology.Article 38After approval by both parties, the establishment, remuneration andthe expenses of the staff of the preparation and construction office shallbe covered in the project budget.Article 39After having pleted the project and finished the turning overprocedures, the preparation and construction office shall be dissolvedupon the approval of the board of directors.Chapter 13 Labor ManagementArticle 40Labor contract covering the recruitment, employment, dismissal andresignation, wages, labor insurance, welfare, rewards, penalties and othermatters concerning the staff and workers of the joint venture panyshall be drawn up between the joint venture pany and the trade union ofthe joint venture pany as a whole, or the individual employees in thejoint venture pany as a whole or individual employees in accordancewith the Regulations of the People39。5. During the term of the technology transfer agreement, Party B shallprovide the joint venture pany with any improvements in the technologyand the improved information and technological materials in time, andshall not charge separate fees。s operationpurpose, and be able to obtain the standard of production quality andproduction capacity specified in the contract。Providing necessary technical personnel for installing, testing andtrial production of the equipment as well as the technical personnel forproduction and inspecting。Assisting the joint venture in recruiting Chinese managementpersonnel, technical personnel, workers and other personnel needed。Providing cash, machinery and equipment and premises ... in accordancewith the provisions of Article 11。 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__________%。s Republic of China on JointVentures Using Chinese and Foreign Investment (the Joint Venture Law)and other relevant Chinese laws and regulations, __________Company and___________ Company, in accordance with the principle of equality andmutual benefit and through friendly consultations, agree to jointly investto set up