Cooperative Agreement
Purpose: The purpose of this agreement is setting up a Union Cooperative Incorporation which named: ____________ Inc. (hereinafter called Inc.) for introducing, developing, selling, displaying, promoting, assembling and offer top after-sale services of a wide range of electronic, chemical, metals, machinery, foodstuffs, garments, arts, electric appliance & instrument products etc. to the potential markets in the world and mainly for the new developed products and profitable project. Parties: Party A: Party B: Scope of Business: To conduct import and export business. The main objective of the Inc. will be to obtain supply the latest marketable products available internationally, provide the most favorable prices and render the best after-sale services in order to improve its competitive position in the market and gain a strong foothold to tap the considerable potential market in the world. Articles of Association:
- The board of the Inc. shall consist of two people:
one from Party A:_______________________Mr./Ms. one from Party B:_______________________Mr./Ms. - The board shall convene monthly for a board meeting on internet.
- Minutes of the Board meetings shall be recorded and kept in the Inc.'s file.
- The board of the Inc. work together on the basis of equality.
- The members of the Inc. can not hold a position or participate in any other business Organization that compete directly with the Inc.
- Party A and Party B shall assist each other on obtaining necessary business visas for their Respective countries for the Inc.'s principals
- All documents: feasibility reports, marketing reports, correspondence shall be written in English both parties agree to use English as the working language.
- This agreement shall be come into effect after being signed by the legal representatives of both Parties.
- Any appendices singed by both parties shall become an integral part of this agreement.
- The term of cooperation by both parties to the Inc.is five years, starting from the Date of the first board meeting.
- Any change and amendments to the agreement must be unanimously agreed and approved by the board. Any supplementary and subsequent agreement shall come into effect after singing by both parties.
- The agreement will automatically terminate upon expiration of Inc.'s term of the cooperation, if both parties agree not to extend it.
- This agreement shall be signed in triplicate, each party shall keep one and the third one keep in the Inc.'s file.
Appendices
- The business reports offered by both parties as well as all trading, payment and price terms quotations, technical documents, memorandums of board meetings etc. only to be know by the members of the board who must keep these secretes indefinitely.
- Both parties entrust the Inc. with the work Mr. Yong Zhou as the Inc.'s Chief Executive Officer deal the business for Inc.
- The Inc's files must be sent to both parties's board member. For business reputation, both parties and Inc. do not keep any original business reports and copies which for the Inc.'s customers.
- Both parties agree that during the term of this agreement nether party shall directly or indirectly carry on any business similar or in competition with the business activities of the Inc.
- The choice of trading channel or the business partners should be according to the following principles: 1) safety 2) charges 3) efficiency 4) reputation
- Party A responsible for working capital and fixed assets of Inc.
- Party B responsible for management of Inc.
Party A
| Party B
Signature:
| Signature:
Name:
| Name:
Position:
| Position:
Tel:
| Tel:
URL:
| URL:
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