JOINT VENTURE AGREEMENT
BETWEEN KOREAN PARTY AND FOREIGN PARTY
THIS AGREEMENT is made the _____ day of __________, 19__, between Korean Party, a company organized and existing under the laws of Korea whose registered head office is located at _______________________________________________, Korea(hereinafter referred to as KP) and Foreign Party, a company organized and existing under the laws of _______________ whose principal office is located at ________________________(hereinafter referred to as FP).
WITNESSETH:
WHEREAS, KP manufactures and sells, inter alia, the Products as defined in Paragraph 1.1.1 hereinbelow;
WHEREAS, FP is a company engaged in, inter alia, the manufacture and sale of various kind of products;
WHEREAS, the parties hereto wish to cooperate in the manufacture and sale of the Products so as to take advantage of their respective experience and expertise in accordance with the provisions of this Agreement.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereby agree as follows:
Article 1. Definitions
1.1 In this Agreement, the following expressions shall, unless the context otherwise requires, have the followingmeanings:
1.1.1 the Products shall mean the X Products and related products which are further specified in the schedule annexed hereto as Exhibit A.
1.1.2 the Technical Assistance Agreement (TAA) shall mean the technical assistance agreement which will be entered into by and between KP and the JVC and agreed to by FP, in approved terms.
1.1.3 the Trademark License Agreement (TMLA) shall mean the trademark license agreement which will be entered into by and between KP and the JVC and agreed to by FP, in approved terms.
1.1.4 JVC shall mean the joint venture company to be formed and incorporated pursuant to provisions of Article 3 hereof. |
2008.04.04
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