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What shall be included in the contract of a Sino-foreign joint venture?

April 26, 2017contract included Joint shall sino-foreign venture

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What shall be included in the contract of a Sino-foreign joint venture?

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(1) The general; (2) Each party of the joint venture; (3) The establishment of the corporation; (4) The purpose, scope and scale of production and management; (5) Total investment and registered capital; (6) The responsibility of each party; (7) Technological transfer; (8) Sales of product; (9) Board of directors; (10) Management organization; (11) Purchase of equipment; (12) Preparation and construction; (13) Management of production; (14) Taxation, finance and audit; (15) Term for joint venture; (16) Handling of property after the term of joint-venture expires; (17) Insurance; (18) Modification, alteration and termination of the contract; (19) Responsibility for breaking the contract; (20) Force majeure; (21) Suitability for law; (22) Settlement of disputes; (23) Wording; (24) Effect of the contract and others.