Cooperation Arrangement Sample Clauses
Cooperation Arrangement. GSBU (Shenzhen) agrees to provide office and laboratory facilities while Golden Group agrees to furnish the necessary equipment and to provide ▇▇▇ ▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ (▇▇▇▇▇▇▇▇). A separate account will be established under the name of the Laboratory. Payments by Golden Group shall be made directly to the account of the Laboratory and shall be used solely to purchase needed equipment for the Laboratory or conduct related research.
Cooperation Arrangement. The parties shall negotiate in good faith to establish a non-exclusive joint marketing and cooperation arrangement. The parties shall seek mutually beneficial business opportunities utilizing the complementary joint resources of both parties.
Cooperation Arrangement. (a) The leading party shall be responsible for the integration of the parties’ proposals and for the management of the joint proposal, including its submission to the customer, the negotiation with the customer, the execution of a prime contract and the prime contracting. All activities related to the preparation of the joint proposal shall be performed in full transparency to the non-leading party.
(b) The parties have agreed upon who shall act as prime contractor and who shall act as subcontractor in certain territories.
(c) Each party shall prepare the proposal relating to its part of the project.
(d) The price proposal shall include all costs plus a net profit of a certain agreed percentage. The prime contractor shall be entitled to load a certain agreed percentage to the price of the subcontractor proposal, as well as the joint costs relating to the project.
(e) The integration of the parties proposals shall be performed by the prime contractor, in coordination with the other party. A copy of the proposal submitted to the customer shall be transferred to the subcontractor immediately upon such submission.
(f) In the event that the price agreed upon with the customer shall be higher than the price of the joint proposal, the difference shall be equally shared by the parties.
(g) Each party shall bear its expenses associated with the preparation of the proposal.
(h) The terms of the prime contract with the customer shall be transferred to the subcontractor by the prime contractor immediately upon its receipt by the prime contractor. The parties shall jointly prepare their comments to the customer.
(i) Within 21 days from the execution of a prime contract with the customer the parties shall enter into a subcontracting agreement on terms that will flow down from the prime contract with the customer, with the applicable changes.
Cooperation Arrangement