2.2 The Licensor has agreed to grant th Licensee the license and right to design, manufacture, use, sell in the PRC the Con-tract Products and export the Contract Products. The license and right are nonexclusive and non - transferable.
2.3 The Licensor has agreed to provide the Licensee with the Technical Documentation and Software related to the Con-tract Products. The contents, copies and time of delivery of the Technical Documentation and Software are detailed in Annex ____ and Annex ___ to the CONTRACT.
2.4 The Licensor has agreed to dispatch his technical personnel to the Contract Factory, for Technical Services. The specidic contenrs and requirements fo the Technical Services are de-tailed in Annex ____ to the Contract.
2.5 The Licensor has agreed to give the Licensee's personnel technical training in Licensor's factories and at the Contract Factory, to ensure that the Licensee's technical personnel; shall master the above technical know-how transferred to the Licensee. The specific contents and requirements of technical training are detailed in Annex _____ to the Con-tract.
2.6 The Licensor has agreed, upon the request of the Licensee for a period of 10(ten) years after the date of validity of the Con-tract, to supply the Licensee at the most favorable price with the parts, components, raw materials and accessories which are necessary for manufacturing the Contract Products under a separate contract to be signed in due time.
2.7 The Licensor has agreed , upon the request of the Licensee for a period of 10 (ten) years after the date of validity of the Contract, to supply the Licensee at the most favorable price with equipment and softwate which are made or developed by the Licensor and are necessary for manufacturing the Contract Products, and to assist the Licensee in obtaining the equipment and software which are made or developed by the third party and are necessary for manufacturing the Contract Prodcts.
2.8 The Licensor has agreed to grant the Licensee the license and right to use, on the Contract Products manufactured by the Conrtact Factory, the word" Made in China under license of "followed by Name of the Licensor,at the option of the Li-censee, provided the Contract Products can meet the techni-cal and quality requirement as specified in Annex ______ of the Contract.
ARTICLE 3 CONTRACT PRICE
3.1 The total Contract price, which is based on the contents and scope stipulated in Article 2 to the Contract and the Licensor's fulfilment of his opligations under the Contract, shall be ____DEM, (SAY: ______ BEUTSCH MARKONLY) details as follows:
3.1.1 Price for Technical Know-how: _____ DEM (SAY:______ DEUTSCH MARK ONLY).The breakdown prices of the technical know-how are as follows:
A.
Technology transfer fee is :
B.Technical documentation and software fee (CIP Bei-jing Port) is _____ DEM (SAY: ______ DEUTSCH MARK ONLY).
C.Personnel training fee is _______ DEM (SAY: ______ DEUTSCH MARK ONLY).
D.Technical service fee is _______ DEM (SAY: ______ DEUTSCH MARK ONLY).
3.2 The above - mentioned total Contract Price shall be firm and fixed price for the Licensor's obligation under the Contract including all expenses incurred for delivery of the Technical Documentation and Software CIP Beijing Airport, China.
ARTLCLE 4 TERMS OF PAYMENT
4.1 All the payment stipulated in the Contract shall be effected in DEUTSCH MARK (DEM) through an irrevocable letter of credit partial shipment allowed under the I. B. R. D. Loan No.___ for the price for the Technical Know-how, obtained from the World Bank opened in favour of the Licensor.
4.2 The Liceensee shall within thirty (30) working days after ef-fectiveness of the Contract,open an irrevocable letter of credit by the Bank of China, Beijing in favour of the Licen-sor , in a bank in his country nominated by the Licensor and accepted by the Licensor, for an amount equivalent to the to -tal Contract price, the letter of credit shall permit payments as stipulated in Article 4. 3.
4.3 Payment for the Price for the Technical Know-how
4.3.1 10% (ten percent) of the total price for the technical know - how under Article 3, namely----------DEM (SAY: ------------DEUTSCH MARK ONLY) shall be paid after the Licensor has presented the follow-ing documents provided they are in confirmity with the stipulations of the Contract.
A.One photostat copy of valid export license issued by the relevant authorities of the Licensors or Licensor's subcontractor's country, or one copy of the letter issued by the relevant authority of the Licensor's country stating that the valid export license is not required.
B.One original and one copy of the irrevocable letter of guarantee issued by the Licensor's Bank for a sum of 10% of the total price for the technical know-how in favor of the Licensee. The specimen of the little of guarantee is de- tailed in Annex ________ to the contract.
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