Common use of Operations and Expenses Clause in Contracts

Operations and Expenses. 2.1 The detailed operations of Sinopharm under this Agreement are subject to the sole control and management of Sinopharm. Sinopharm shall be responsible for all of its own employees and expenses, including, without limitation, postage, cable expenses, shipping, insurance, financing, costs and taxes of complying with the exportation or importation of the Products. Sinopharm shall provide, at its own expense, such office space and facilities, hire and train such personnel, and maintain sufficient capital or credit as may be required to carry out its obligations under this Agreement. Sinopharm agrees that it shall incur no expense chargeable to Company, except as may be specifically authorized in advance and in writing by Company.

Appears in 4 contracts

Samples: Cooperation Agreement (D. Medical Industries Ltd.), Cooperation Agreement (D. Medical Industries Ltd.), Cooperation Agreement (D. Medical Industries Ltd.)

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