MANUFACTURING AND PURCHASE
AGREEMENT
This MANUFACTURING AND PURCHASE AGREEMENT (Agreement) made and entered into this 20th day of September, 2001, by and between ABC Ltd.,a corporation duly organized and existing under the laws of the Republic of Korea with its principal office at 주소를 입력해 주십시요, Korea (hereinafter referred to as Company) and 상대회사명, a corporation duly organized and existing under the laws of 국가명, with its principal office at 상대회사주소를 입력해 주십시요 (hereinafter referred to as the Manufacturer)
WITNESSETH :
WHEREAS, Company seeks a reliable manufacturer in Indonesia to manufacture and export the Products (as defined in this Agreement) in accordance with this Agreement using the Raw Material (as defined in this Agreement) purchased from Company, other vendors or both;
WHEREAS, Company will provide some of the manufacturing equipments and financing facilities to help Manufacturer expand its production capacity and fully realize its business opportunities;
WHEREAS, Manufacturer is willing to procure the potential buyers (Customer) of the Products and have them establish the irrevocable letter of credit with the first class bank in favor of Company, wire transfer or otherwise make payments to Company to pay for the Products so purchased;
WHEREAS, Manufacturer has the physical facilities and production capacity suitable to manufacture and export the Products in strict conformity with the instructions and specification given by the Customer or Company ; and
WHEREAS, Manufacturer desires to manufacture and export the Products.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, Company and Manufacturer agree as follows:
Article 1. Definitions
Customer shall mean any person, firm or company procured by Manufacturer to whom the Products manufactured by Manufacturer are to be shipped or delivered by Manufacturer
Effective Date shall mean the date which is shown in the preamble of this Agreement.
Letter of Credit shall mean the irrevocable letter of credit payable at sight, which is opened in favor of Company with the first-class bank to pay for the Products to be manufactured by the Manufacturer and delivered to Customer. |