【正文】 e 48　　The duration of the joint venture pany is ___________ years. The establishment date of the joint venture pany shall be the date on which the business license of the joint venture pany is issued. An application for the extension of the duration， proposed by one party and unanimously approved by the board of directors， shall be submitted to the Ministry of Foreign Trade and Economic Cooperation (or the examination and approval authority entrusted by it) six months prior to the expiry date of the joint venture.　　Chapter 16 The Disposal of Assets after the Expiration of the Duration　　Article 49　　Upon the expiration of the duration， or termination before the date of expiration of the joint venture， liquidation shall be carried out according to the relevant laws. The liquidated assets shall be distributed in accordance with the proportion of investment contributed by Party A and Party B. Chapter 17 Insurance　　Article 50　　Insurance policies of the joint venture pany on various kinds of risks shall be underwritten with the People s Republic of China. Types， value and duration of insurance shall be decided by the board of directors in accordance with the provisions of the People s Insurance Company of China. Chapter 18 The Amendment， Alteration and Termination of the Con tract　　Article 51　　The amendment of the contract or other appendices shall e into force only after a written agreement has been signed by Party A and Party B and approved by the original examination and approval authority.　　Article 52　　In case of inability to fulfil the contract or to continue operation due to heavy losses in successive years as a result of force majeure， the duration of the joint venture and the contract shall be terminated before the time of expiration after being unanimously agreed upon by the board of directors and approved by the original examination and approval authority.　　Article 53　　Should the joint venture pany be unable to continue its operation or achieve its business purpose due to the fact that one of the contracting parties fails to fulfil the obligations prescribed by the contract and articles of association， or seriously violates the provisions of the contract and articles of association， that party shall be deemed to have unilaterally terminated the contract. The other party shall have the right to terminate the contract in accordance with the provisions of the contract after approval by the original examination and approval authority， and to claim damages. In case Party A and Party B of the joint venture pany agree to continue the operation， the party who fails to fulfil its obligations shall be liable for the economic losses caused thereby to the joint venture pany?！　?. During the term of the technology transfer agreement， Party B shall provide the joint venture pany with any improvements in the technology and the improved information and technological materials in time， and shall not charge separate fees?！　?. Party B shall work out a detailed list of the provided technology and technological service at various stages as specified in the technology transfer agreement to be an appendix to the contract， and guarantee its performance。 Responsible for other matters entrusted by the joint venture pany.　　(note： It shall be written according to the specific situation).　　Chapter 7 Transfer of Technology　　Article 15　　Both Party A and Party B agree that a technology transfer agreement shall be signed between the joint venture pany and Party B (or a third party) so as to obtain advanced production technology needed for realizing the production and operation purpose and the production scale specified in Chapter 4 of the contract， including product design， manufacturing technology， means of testing， materials prescription， standard of quality and the training of personnel etc.　　(Note： It shall be written in the contract according to the concrete conditions).　　Article 16　　Party B offers the following guarantees on the transfer of technology：　　(Note： Article applies only when Party B is responsible for transferring technology to the joint venture pany).　　1. Party B guarantees that the overall technology such as the designing， manufacturing technology， technological process， tests and inspection of products (Note： The name of the products shall be written) provided to the joint venture pany must be integrated， precise and reliable. It is to meet the requirement of the joint venture s operation purpose， and be able to obtain the standard of production quality and production capacity specified in the contract。 Training the technical personnel and workers of the joint venture pany。 Handling the matters entrusted by the joint venture pany， such as selecting and purchasing machinery and equipment outside China， etc.。 Assisting foreign workers and staff in applying for entry visas， work licenses and handling their travel procedures。 Assisting the joint venture pany in contacting and settling the fundamental facilities such as water， electricity， transportation etc.。 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。 Organizing the design and construction of the premises and other engineering facilities of the joint venture pany。 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