专有技术许可合同附件
附件一：合同产品的名称、型号、规格、数值、技术数据和验收标准（略）
附件二：技术资料的内容、份数和交付时间表（略）
附件三：技术服务的内容和许可方技术人员的待遇（略）
附件四：技术培训的内容和被许可方技术人员的待遇（略）
附件五：验收考核程序和保证（略）
附件六：许可方银行关于预付款的不可撤销保证函（格式）
专有技术许可合同
合 同 号: ______________
签字日期: ______________
签字地点: ______________
本专有技术许可合同（以下简称合同）是由___________公司（根据＿＿＿＿＿国法律成立注册的公司，以下简称许可方）为一方与＿＿＿＿＿公司（根据中华人民共和国法律成立注册的公司，以下简称被许可方）为另一方，双方通过友好协商而签订的。
鉴于许可方长期从事设计、制造、安装、销售＿＿＿＿（以下简称合同产品）；
鉴于许可方拥有设计、制造、安装、检验合同产品的有价值且成熟的专有技术；
鉴于许可方有权并且同意向被许可方授权利用与合同产品相关的专有技术；
鉴于被许可方希望获得许可其利用该专有技术制造、使用和销售合同产品。
许可方与被许可方同意就以下条款签订本合同。
第一章 定 义
除另有明确的规定外，下列术语具有所指明的含义：
1.1 验收标准是指合同产品在验收测试中符合的标准，详见附件一。
1.2 商业性生产是指工作现场生产__________（数量）合格产品后的正常运行和生产。
1.3 合同产品是指与用专有技术和技术资料设计、制造、安装或检验的各类产品，详见附件____。
1.4 合同生效日期是指本合同的双方政府有关当局中的最后一方批准合同的日期。
1.5 目的地机场是指中华人民共和国的__________机场。
1.6 改进是指在合同有效期内由合同的任何一方以新设计、规则、处方、成分、数值、参数、计算或任何其它指标的形式对本专有技术进行的新发明和/或修改。
1.7 工作现场是指被许可方以使用许可方提供的专有技术和技术资料制造合同产品的场所，即中华人民共和国_________省、_______ 市、_________工厂。
1.8 专有技术是指本合同生效前尚不为公众或被许可方所知晓、由许可方开发、所有或合法取得、占有并由许可方披露给被许可方的关于设计、制造、安装、合同产品的检验等方面的任何有价值的技术知识、资料、数值、图纸、设计和其它技术信息，许可方已采取了适当措施使专有技术处于保密状态，专有技术的具体描述规定在附件二中。
1.9 许可方的银行是指_______________________。
1.10 被许可方的银行是指____________________。
1.11 净销售价是指被许可方对合同产品的销售或以正常的、善意的商业交易中的其它处理方法的发票价格扣除销售折扣、回扣、退货、佣金、间接税、保险费、运费、包装费、进口合同产品的原材料、半成品、零配件关税等方面的费用以及与销售合同产品直接有关的支出。（付款为入门费加提成）
1.12 提成期是指自商业性生产开始至本合同到期或终止的期间，提成期内，被许可方应向许可方支付提成费。（付款为入门费加提成）
1.13 技术资料是指许可方拥有和/或开发的正受保护或不受保护的图纸、说明、技术数据、程序、技术和质量标准和其它的有据的技术信息，包括计算机程序、专有技术的解释和说明、涉及到合同产品的设计、制造、安装和检验等方便的信息，许可方对披露上述资料有充分的、自由的权利。技术资料的具体描述，详见附件二。
1.14 技术服务是指许可方向被许可方提供的与合同项下的专有技术开发有关的技术指导和监督，详见附件三。
1.15 技术培训是指许可方向被许可方提供的与合同项下的专有技术开发有关的技术培训，详见附件四。
第二章 许可授予
2.1 许可方同意向被许可方授予、被许可方同意从许可方获得合同产品的设计、制造的专有技术和在中华人民共和国境内使用和销售合同产品的权利，这种权利是非独占的、不可转让的。合同产品的名称、型号、规格、技术数据和验收标准，详见合同附件一。
2.2 许可方同意授予被许可方将合同产品出口到______（国家）。
2.3 许可方同意授予被许可方在合同有效期内采用许可方对专有技术的改进。
2.4 许可方不得禁止被许可方在合同期满后继续使用专有技术和改进技术。
第三章 价格和支付
方案一：（适用于一次总支付）
3.1 考虑到许可方全面且适当履行其合同义务，被许可方同意向许可方支付合同总价为________（币种）__________________________（大写： ___________________），该款项以电汇方式通过被许可方银行转至许可方银行。具体分项如下：
A．许可费：__________（大写：________________________）；
B．设计费：__________（大写：________________________）；
C．技术资料费：__________（大写：____________________）；
D．技术服务费：__________（大写：____________________）；
E．技术培训费：__________（大写：____________________）。
3.2 上述合同总价为固定价格，包括了与技术资料的交付、技术服务和技术培训的提供等所有支出与费用，其技术资料价格为DDU目的地机场交付价。
3.3 本章第3.1条A、B、C、E项所规定的合同价格将由许可方依照下列方式和比例支付给被许可方：
3.3.1 该款的__________%，即__________（大写：_____________）在被许可方收到许可方提交的下列单据并经审核无误后_______天内支付给许可方：
A．许可方国家有关当局出具的有效出口许可证或不需出口许可证的证明文件，正本一份，副本二份；
B．许可方银行出具的金额为__________元（大写：__________)以被许可方为受益人的对预付款的不可撤销保函正本一份，副本一份，保函格式件合同附件。
C．金额为合同总价的形式发票一式五份；
D．签发的标明支付金额的商业发票一式五份；
E．即期汇票一式二份。
3.3.2 该款的______%，即__________（大写：__________）在被许可方收到许可方提交的下列单据并经审核无误后______天内支付给许可方：
A．标明“运费已付”的技术资料空运提单或交付技术资料的空运挂号收据，正本一份，副本三份；
B．签发的标明支付金额的商业发票一式五份；
C.即期汇票一式二份。
3.3.3 该款的_____%，即__________（大写：__________）在被许可方收到许可方提交的下列单据并经审核无误后______天内支付给许可方：
A．双方授权代表签署的验收证书一份；
B．签发的标明支付金额的商业发票一式五份；
C．即期汇票一式二份。
3.3.4 该款的_____%，即__________（大写：__________）在被许可方收到许可方提交的下列单据并经审核无误后_______天内支付给许可方：
A．双方授权代表签署的保证到期的证书一份；
B．签发的标明支付金额的商业发票一式五份；
C．即期汇票一式二份。
3.4 本章第3.1条D项规定的技术服务费在许可方的第一批技术人员到达工作现场后每_______月且被许可方收到许可方提交的下列单据并审核无误后 _______天内，由被许可方按照实际应付款支付给许可方：
A．双方授权代表签署的“工时卡”一份；
B．签发的标明支付金额的商业发票一式五份；
C．即期汇票一式二份。
3.5 如果依据合同许可方应支付预提税、
违约金和/或赔偿金，被许可方有权从应支付给许可方的款项中扣除。
3.6 所有在被许可方银行发生的费用均由被许可方承担，所有在被许可方银行外发生的银行费用由许可方承担。
方案二：（适用于入门费加提成支付）
3.1 考虑到许可方全面且适当履行其合同义务，被许可方同意向许可方支付 )由一笔固定的入门费和连续的提成费组成的合同价，该款项以________（币种）以电汇方式通过被许可方银行转至许可方银行。
3.2 被许可方支付给许可方固定的入门费为_____________________,（大写： ______________）按下列方式和比例：
3.2.1 该款的_______%，即__________（大写：__________）在被许可方收到许可方提交的下列单据并经审核无误后_______天内支付给许可方：
A．许可方国家有关当局出具的有效出口许可证或不需出口许可证的证明文件，正本一份，副本二份；
B．许可方银行出具的金额为元_____（大写：___________）以被许可方为受益人的对预付款的不可撤销保函正本一份，副本一份，保函格式件合同附件 ________________________。
C．金额为入门费总价的形式发票一式五份；
D．签发的标明支付金额的商业发票一式五份；
E．即期汇票一式二份。
3.2.2 该款的_____%，即__________（大写：__________）在被许可方收到许可方提交的下列单据并经审核无误后_______天内支付给许可方：
A．标明“运费已付”的技术资料空运提单或交付技术资料的空运挂号收据，正本一份，副本三份；
B．签发的标明支付金额的商业发票一式五份；
C. 即期汇票一式二份。
3.2.3 该款的_____%，即__________（大写：__________）在被许可方收到许可方提交的下列单据并经审核无误后_______天内支付给许可方：
A．双方授权代表签署的验收证书一份；
B．签发的标明支付金额的商业发票一式五份；
C．即期汇票一式二份。
3.3 在提成期间，被许可方以百分之＿＿＿＿的比例支付连续的提成费，计算基础是已售合同产品的净销售价。连续的提成费每六个月结算一次（以下简称“结算期”）。
3.3.1 每一结算期到期15天内，被许可方向许可方传真一份销售数量、净销售价和该结算期的提成费方面的书面报告，许可方在收到该报告后向被许可方发出一份确认传真。
3.3.2 被许可方在收到许可方提交的下列单据并审核无误后_______天内向许可方支付提成费：
A．许可方对到期支付的提成费的确认传真；
B．签发的标明要支付费用的商业发票一式五份；
C．即期汇票一式二份。
3.4 如果依据合同许可方应支付预提税、违约金和/或赔偿金，被许可方有权从应支付给许可方的款项中扣除。
3.5 被许可方应开设合同产品销售的独立帐户，许可方可经被许可方同意自费聘请中国注册会计师审计与合同产品销售有直接关系的帐目，所出具的与合同产品销售。
3.6 所有在被许可方银行发生的费用均由被许可方承担，所有在被许可方银行外发生的银行费用由许可方承担。
第四章 技术资料
4.1 许可方向被许可方提供的技术资料须用公制、英文制定，并在本合同生效之日起____天内以DDU目的地机场价格条件（1990国际贸易术语解释通则）交付，技术资料的内容、份数和交付时间表等，详见合同附件二。
4.2 被许可方提供的技术资料应具有适合于多次搬运、长途运输、防潮、防雨的包装。
4.3 每件技术资料的包装封面上，应以英文标明下述内容：
A．合同号:
B．收货人:
C．目的地机场:
D．标记:
E．以公斤计算的毛重和净重:
F．箱号或件号:
4.4 许可方应在每件包装箱内附技术资料的详细清单一式二份，并注明技术资料的序号、文件代号、名称和页数。
4.5 在交付技术资料前一周，许可方应将此次所发运的技术资料大约件数、大约毛重和预计到达目的地机场的时间等以传真形式通知被许可方。
4.6 在每批技术资料发运后二十四小时内，许可方应将合同号、交付日期、航空提单号、航空提单日期、航班号、文件代号、批号和重量等详细内容用传真通知被许可方，同时，许可方应向被许可方特快专递航空提单和所交付的技术资料详细清单各一式二份。
4.7 目的地机场在航空提单上的印戳日期视为技术资料实际交付日期。
4.8 如果许可方没能按照合同附件二规定的交付时间表交付技术资料，许可方应按照下列比例向被许可方支付迟延交付的违约金：
A．第一至第四周，每周支付合同总价的百分之__________；
B．第五至第八周，每周支付合同总价的百分之__________；
C．从迟延的第九周起，每周支付合同总价的百分之_____ 。在计算违约金时，不足一周按一周计。
4.8 迟延交付的违约金总额不得超过合同总价的百分之_______。迟延交付违约金的支付并不免除许可方交付技术资料的义务。
4.9 如果技术资料可以由许可方当面直接交给被许可方的,许可方应提前将其意图和预计交付的时间用传真的方式通知被许可方,当面交付的具体签收形式和其它细节应由双方协商一致。
4.10 如技术资料在交付过程中发生丢失、损坏、短缺，许可方应在收到许可方书面通知后＿＿＿＿天内，免费补寄或重寄给被许可方。
第五章 技术服务和技术培训
5.1 许可方应按照合同规定派遣身体健康、技术熟练、称职的技术人员到工作现场提供技术服务，技术服务的人数、专业、内容、时间表和要求等详见合同附件三。
5.2 被许可方应为许可方的技术服务人员申请签证、工作许可和/或提供技术服务所需的其它必要手续提供协助。
5.3 如果许可方所派遣技术人员被认为不称职，许可方应自费并且毫不迟延地予以替换。
5.4 许可方技术人员在华期间应遵守中华人民共和国法律和工作现场的规章制度。
5.5 被许可方有权按照合同规定派遣技术人员到许可方的有关工厂进行培训，许可方有义务按照合同规定提供技术培训并尽自己最大努力使被许可方的技术人员掌握本专有技术。培训人员的数量、专业、和待遇、内容、时间和要求等详见合同附件四。
5.6 许可方应为被许可方的培训人员申请签证、工作许可和/或接受培训所需的其它必要手续提供协助。
5.7 被许可方接受培训人员在许可方国家期间应遵守许可方国家的法律和许可方工厂的规章制度。
第六章 验收考核
6.1 为了验证专有技术的正确性和可靠性，许可方应派遣其技术人员到工作现场在被许可方技术人员的协助下进行验收考核，考核应在技术资料交付后_____ 天内根据合同附件五规定的程序进行。
6.2 考核前，双方应根据合同附件五的规定审核考核的可用设施、技术人员和必要的原材料，双方授权代表应共同签署一份确认声明。
6.3 如果经考核各项验收标准符合规定，双方授权代表应在验收考核通过之日五个工作日内签署验收考核合格证书一式四份，双方各持二份。
6.4 如果经考核任何一项验收标准不符合规定，许可方应在第一次考核失败之日起______天内或双方协商的任何时间自费组织进一步考核，但考核次数最多不得超过_____次。
6.5 如果在如下的考核中仍不能达到验收标准，除非合同另有规定，许可方应按照合同附件一的规定赔偿被许可方违约金，被许可方应在收到违约金后签署验收证书，但许可方的保证义务并没有免除。
第七章 保证与索赔
7.1 许可方保证是本专有技术的合法所有者或持有者，并且有权许可被许可方使用
7.2 许可方保证本专有技术是最新的现代化用的，能依照合同附件二的规定予以开发。
7.3 许可方
保证合同附件一规定的合格的合同产品能在工作现场采用本专有技术制造出来。
7.4 许可方保证所提供的技术资料是完整的、正确的、清晰的，并保证能按合同附件二的规定及时交付。
7.5 许可方保证按时派遣合格的技术人员提供正确和充分的技术服务和技术培训。
7.6 本专有技术在工作现场的保证期为验收通过之日后的________个月，详见合同附件五。保证期满，被许可方的授权代表应签署一份保证期满证书给许可方。
7.7 许可方保证不会发生被许可方被指控有关合同产品上的侵权责任。
7.8 如果许可方不能履行上述任何一项保证义务，除非合同另有规定，被许可方有权要求许可方承担
违约责任和/或索赔损失，和/或要求被许可方赔偿损失和/或因此发生的一切费用支出。如果被许可方在收到许可方的上述书面通知后十四天内不予答复，视为其已接受被许可方的要求。
第八章 侵权赔偿
8.1 许可方应保护被许可方在使用本专有技术中不受任何第三方的索赔或诉讼指控。如果第三方指控被许可方非法使用或侵权，则许可方应以被许可方名义自费与第三方交涉并承担由此引起的一切法律和经济责任，必要时，被许可方应向许可方提供抗辩上的协助，但所支出的费用由被许可方予以弥补。
8.2 如果被许可方发现在其被许可地区有第三方非法使用本专有技术，应毫不迟延地通知许可方，许可方在收到被许可方的通知后____天内应采取必要措施 阻止该非法使用，否则，许可方可应要求授权被许可方根据中国的法律要求对非法的第三方提起诉讼并向被许可方提供一切必要的协助，被许可方承担诉讼所发生的费用，然后有权向许可方索偿。
第九章
解除合同 9.1 对许可方的下列违约行为，被许可方可书面通知的方式全部或部分解除合同，并不影响其采取其它补救措施：
A．在合同附件二规定的交付技术资料期限后_____天内仍不能交付部分或全部技术资料；
B．无法使合同产品达到合同附件一规定的最低验收标准。 对上述解除合同，许可方应退还被许可方已支付的所有金额，并按年利率百分之_____加付利息。
9.2 如果一方有下列行为，任何一方可书面通知对方全部或部分解除合同，并不影响其采取其它补救措施：
A．没有履行合同规定的保密义务；
B．没有履行合同规定的其它义务，轻微的违约除外，并在收到对方书面的通知后______天内或双方商定的时间内对其违约予以弥补；
C．破产或无力偿还债务；
D．受不可抗力事件影响超过一百二十天。
第十章 保 密
10.1 合同有效期内，双方应采取适当措施对本专有技术和技术资料予以严格保密，未经许可方的书面同意，被许可方不得将本专有技术泄露给任何第三方。
10.2一方和其技术人员在履行合同过程中所获得或接触到的任何保密信息，另一方有义务予以保密，未经其书面同意，任何一方不得使用或泄露从他方获得的上述保密信息。
10.3 保密义务不适用于下列信息：
A．现在或以后进入公共领域；
B．可以证明该技术在泄露时自己就拥有，并不是以前从对方直接或间接获得的；
C．任何一方从第三方处合法获得的。
第十一章 改进与回授
11.1 在合同有效期内，如果许可方对本专有技术有所改进，许可方应免费将该改进许可被许可方非独占性使用。
11.2 被许可方有权对本专有技术予以改进，此类任何改进的独占权利属于被许可方所有。被许可方应将其改进通知许可方并免费回授给许可方非独占性使用。
11.3 双方有义务对专有技术的改进予以保密。任何一方未经另一方书面同意无权将在另一方技术改进基础上的分售许可证授予第三方。
第十二章 税 费
12.1 中华人民共和国政府根据其税法对被许可方征收的与执行本合同或与本合同有关的一切税费均由被许可方负担。
12.2 中华人民共和国政府根据中国税法和中华人民共和国政府与许可方国家政府签订的避免双重征税和防止偷逃所得税的协定而向许可方课征的各项税费均由许可方支付。被许可方依据本国的税法有义务对根据本合同而应得的收入按比例代扣一定的税费并代向税务机关缴纳，在收到税务机关出具的关于上述税款税收单据后，被许可方应毫不迟延地转交给许可方。
12.3 中华人民共和国以外所发生的与本合同有关和履行本合同的各项税费均由许可方承担。
第十三章 不可抗力
13.1 任何一方由于战争及严重的火灾、台风、地震、水灾和其它不能预见、不可避免和不能克服的事件而影响其履行合同所规定的义务的，受事故影响的一方将发生的不可抗力事故的情况以传真通知另一方，并在事故发生后十四天内以航空挂号信件将有关当局或机构出具的证明文件提交另一方证实。
13.2 受影响的一方对因不可抗力而不能履行或延迟履行合同义务不承担责任。然而，受影响的一方应在不可抗力事故消除后尽快以传真通知另一方。
13.3 双方在不可抗力事故停止后或影响消除后立即继续履行合义务，合同有效期和/或有关履行合同的预定的期限相应延长。
第十四章 仲 裁
14.1 凡因本合同引起的或与本合同有关的任何争议，均应提交中国国际经济贸易仲裁委员会，按照申请仲裁时该会现行有效的仲裁规则在
深圳进行仲裁，仲裁裁决是终局的，对双方均有约束力，仲裁适用中华人民共和国法律。
14.2 除非另有规定，仲裁不得影响合同双方继续履行合同所规定的义务。
第十五章 合同的生效及其它
15.1 本合同在双方授权代表签字后，如果需要，由各方分别向本国政府当局申请批准。双方应尽一切努力使合同在签字后30天内获得各自国家当局的批准，各方应立即将批准日期书面通知对方。最后一方的批准日期为本合同生效日期。
15.2 本合同有效期自合同生效之日起为_____年。
15.3 本合同期满时，合同项下的任何未了的债权债务不受合同期满的影响。
15.4 未经另一方事先的书面同意，任何一方无权将其合同项下的权利和责任转让给第三方。
15.5 本合同的附件为本合同不可分割的组成部分，与合同正文具有同等法律效力。如合同正文与附件有矛盾之处，合同正文内容优先。
15.6 所有对本合同的修订、补充、删减、或变更等均以书面完成并经双方授权代表签字后生效。生效的修订、补充、删减、或变更构成本合同不可分割的组成部分，与合同正文具有同等法律效力。
15.7 双方之间的联系应以书面形式进行，涉及重要事项的传真应随后立即以挂号信件或特快专递确认。
15.8 本合同用中英文两种文字写成，两种文字具有同等效力。本合同正本一式四份，双方各二份。
15.9 许可方应以最优惠价格向被许可方提供零部件、原材料和制造合同产品所需的标准件，双方应适时就此签署一份独立的协议，作为本合同的附件。
被许可方: ＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿
地 址: ＿＿＿＿＿＿＿＿＿＿ 邮 编: ＿＿＿＿＿＿＿＿＿
电 话: ____________________ 传 真: ＿＿＿＿＿＿＿＿＿
授权代表签字: ________________ 签字日期: ＿＿＿＿＿＿＿＿＿
许可方名称: ＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿
地 址: ＿＿＿＿＿＿＿＿＿＿ 邮 编: ＿＿＿＿＿＿＿＿＿
电 话: ____________________ 传 真: ＿＿＿＿＿＿＿＿＿
授权代表签字: ________________ 签字日期: ＿＿＿＿＿＿＿＿＿
Model Contract for know-how Licensing Appendices
Appendix 1 Names, Models, Specifications, Indices, Technical Data, and Acceptance Standard of Contract Products(Omitted)
Appendix 2 Contents, Copies and Delivery Schedul
Appendix 3 Contents of Technical Service and e of Technical Documentation (Omitted) Treatment of Licensor's Technical personnel (Omitted)
Appendix 4 Contents of Technical Training and Treatment of Licensee's Technical Personnel (Omitted)
Appendix Acceptance Test Procedure and Guarantee (Omitted)
Appendix 6 Specimen of Irrevocable Letter of Guarantee for Advance Payment Issued by Licensor`sBank
Model Contract for know-how Licensing.
Contract No:__________________.
Date of Signature :_____________.
Place of Signature:_____________.
This Know-how Licensing Contract (hereinafter referred to as Contract) is made and entered into through friendly consultation and negotiation by and between ___________________ , a corporation organized and existing under the laws of___________________(the licensor`s country) as one party (hereinafter referred to as Licensor), and China___________________ Corporation,a corporation organized and existing under the laws of the People`sRepublic of China as the other party, hereinafter referred to as Licensee)
Whereas Licensor has long been engaged in designing, manufacturing, assembling, inspecting and selling____________(hereinafter referred to as Contract Products);
Whereas Licensor possesses valuable and mature Know-how on the design, manufacture, assembly and inspection of Contract Products;
Whereas Licensor has the right and agrees to grant Licensee a license to exploit Know-how in connection with Contract Products, and
Whereas Licensee desires to obtain a license for exploiting Know-how to manufacture, use and sell Contract Products;
Now and therefore, Licensor and Licensee agree to enter into the Contract under the following terms and conditions:
Chapter 1 Definition
The following expressions have the meanings set forthbelow, unless the context otherwise requires:
1.1 Acceptance Standard refers to the standards that Contract Products shall meet
in the acceptance test , delails of which are specified in Appendix1.
1.2 Contract Products shall meet in the acceptance test, details of which are
specified in Appendix1.
1.3 ercial Production refers to the normal operation and production at Job Site
after________(quantity) of qualified Contract Products has been manufactured.[In case of payment on initial fee plus royalty basis] 1.3Contract Products refers to all types of the products designed, manufactured, assembled, or inspected with Know-how and Technical Documentation, details of which are specified in Appendix1. 1.4 Date of Effectiveness refers to the date when Contract is approved by the competent authorities of the respective parties' countries, whichever comes later.
1.5 Destination Airport refers to _________ Airport, P.R.C.
1.6 Improvement refers to new findings and/or modifications made in the validity period of the Contract by either party in Know-how in the form of new designs, formulas, recipes, ingredients, indices, parameters, calculations, or any other indicators.
1.7 Job Site refers to __________ Factory, _________City, ________ Province, PRC, where Licensee manufactures Contract Products with Know-how and Technical Documentation.
1.8 Know-how refers to any valuable technical knowledge, data, indices, drawings, designs and other technical information, concerning the design, manufacture, assembly, inspection of Contract Products, developed and owned or legally acquired and possessed by Licensor and disclosed to Licensee by Licensor, which is unknown to either public or Licensee before the Date of Effectiveness of the Contract, and for which due protection measures have been taken by Licensor for keeping Know-how in secrecy. The specific description of Know-how is set forth in Appendix 2.
1.9 Licensee`s Bank refers to___________________.
1.10 Licensee`s Bank refers to___________________.
1.11 Net Selling Price refers to the gross invoice price of Contract Products sold of otherwise disposed of by Licensee in normal, bona fide, commercial transactions without any deduction other than such expenses and charges as sales discounts, rebates, returns, commissions, indirect taxes, insurance premiums, freights, packing expenses, transportation charges, duties on the imported raw materials, intermediate goods, parts, components for the manufacture of Contract Products and other expenditures directly relating to the sale of Contract Products.[In case of payment on initial fee plus royalty basis].
1.12 Royalty Period refers to the period starting from commencement of Commercial Production to the expiration or termination of Contract, during which Licensee shall pay royalty to Licensor [in case of payment on initial fee plus royalty basis].
1.13 Technical Documentation refers to such existing protected or unprotected drawings, specifications, technical data, processes, technical and quality standards, and other documented technical information, including computer programs, carrying the descriptions and explanations of Know-how, relating to the design, manufacturing, assembly, and inspection of Contract Products. as are owned and/or exploited by Licensor and in respect of which Licensor has full and free rights of disclosing. The specific description of Technical Documentation is set forth in Appendix 2.
1.14 Technical Service refers to the technical instruction and supervision rendered by Licensor to Licensee relating to exploitation of Know-how under Contract, the contents of which are specified in Appendix 3.
1.15 Technical Training refers to the technical training rendered by Licensor to Licensee relating to exploitation of Know-how under Contract, the contents of which are specified in Appendix 4.
Chapter 2 Grant of License
2.1 Licensor agrees to grant to Licensee and Licensee agrees to obtain from Licensor a non-exclusive and non-transferable license to design and manufacture Contract Products with Know-how as well as to use and sell Contract Products within the territory of China. The name, model, specification, technical data, and Acceptance Standard of Contract Products are detailed in Appendix 1.
2.2 Licensor agrees to grant a license to Licensee to export Contract Products to __________(Country).
2.3 Licensor agrees to grant a license to Licensee to adopt Improvement made by Licensor in the validity period of Contract.
2.4 Licensor shall not prohibit Licensee from using Know-how and Improvement after the expiration of Contract.
Chapter 3 Price and Payment
Option One (For payment on the lump-sum basis)
3.1 In consideration of full and proper performance of its contractual obligations by Licensor, Licensee agrees to pay Licensor the total contract price amounting to __________(say __________________only) in________ (currency) by telegraphic transfer (T/T) through Licensee's Bank to Licensor's Bank. The breakdown price is as follows
A. License fee:__________(Say :__________________ only);
B. Design fee:___________ (Say: __________________ only);
C. Technical Documentation fee:____________(Say: __________only);
D. Technical Service fee:__________(Say: __________ only);
E. Technical Training fee:__________(Say: __________only);
3.2 The total contract price shall be firm, fixed and covering all the expenses
and charges in relation to the delivery of Technical Documentation, the rendering of Technical Service and Technical Training Technical Documentation fee is for delivery DDU Destination Airport.
3.3 The contract price specified in Clause 3.1 A,B,C,E shall be paid by Licensee to Licensor in accordance with the following manner and percentage.
3.3.1 _____percent (____%) of the amount, i.e._______within________ (____) days after Licensee has received the following documents provided by Licensor and found them in order.
A. One (1) original and two (2) duplicate copies of a valid export license issued
by the competent authorities of Licensor's country, or a written statement of the competent authorities or relevant agency of Licensor's country certifying that no export license is required;
B. One (1) original and one (1) duplicate copy of Irrevocable Letter of Guarantee for advance payment issued by Licensor's Bank in favor of Licensee covering ________(Say:_________________ only), specimen of which is as per Appendix 6;
C.Five (5) copies of pro foma invoice covering the total contract price;
D. Five (5) copies of manually signed commercial invoice indicating the amount to by be paid;
F. Two (2) copies of sight draft.
3.3. ________percent (____%) of the amount, i.e._________ (Say: _________ only)
shall be paid by Licensee to Licensor within _____ (__) days after Licensee has received the following documents provided by Licensor and found them in order.
A. One (1) original and three (3) duplicate copies of airway bill covering the delivery of Technical Documentation, and marked FREIGHT PREPAID?or receipt of registered airmail for the delivery of Technical Documentation;
B. Five (5) copies of manually signed commercial invoice indicating the amount to be paid;
C. Two (2) copies of sight draft.
3.3.3 _______ percent (____%) of the amount, i.e. ___________ (Say: ______ only) shall be paid by Licensee to Licensor within ________ (___) days after Licensee has received the following documents provided by Licensor and found them in order.
A.One (1) copy of Acceptance Certificate signed by the authorized representatives of both parties;
B.Five (5) copies of manually signed commercial invoice indicating the amount
3.3.4 ________ percent (____%) of the amount, i.e. ___________ (Say: ______ ______ only) shall be paid by Licensee to Licensor within ________ (___) days after Licensee has received the following documents provided by Licensor and found them in order.
A. One (1) copy of Guarantee Expiration Certificate signed by the authorized representatives of both parties;
B. Five (5) copies of manually signed commercial invoice indicating the amount to be paid;
C. Two (2) copies of sight draft.
3.4 Technical service fee as specified in Clause 3.1.D shall be paid by Licensee to Licensor according to actual dues once every ______ (___) months after the arrival of the first group of Licensor's technical personnel at Job Site and within _______ (___) days after Licensee has received the following documents submitted by Licensor and found them in order.
A. One (1) copy of time sheets signed by the authorized representatives of both parties
B. Five (5) copies of manually signed commercial invoice indicating the amount to be paid;
C. Two (2) copies of sight draft.
3.5 Licensee shall have the right to deduct from any payment the withholding taxes, liquidated damages, and/or compensations, if any, which Licensor shall pay under Contract.
3.6 All the banking charges incurred in Licensee's Bank shall be borne by Licensee while those incurred outside Licensee's Bank shall be borne by Licensor. Option Two: (For the payment on initial fee plus royalty basis)
3.1 In consideration of full and proper performance of its contractual obligations by Licensor, Licensee agrees to pay the contract price composed of a fixed amount of an initial fee and arunning royalty in _____(currency) by telegraphic transfer (T/T) through Licensee's Bank to Licensor's Bank.
3.2 Licensee shall pay the initial fee in a fixed amount of ___________ (Say: ____ _____only) to Licensor in the following manner and percentage:
3.2.1 ____percent (___%) of the amount, i.e._________(Say:________ only), shall be paid by Licensee to Licensor within _______(___)days after Licensee has received the following documents provided by Licensor and found them in order:
A.One (1) original and two (2) duplicate copies of a valid export license issued by the competent authorities of Licensor's country, or a written statement of the competent authorities or relevant agency of Licensor's country certifying that no export license is required;
B. One (1) original and one (1) duplicate copy of Irrevocable Letter of Guarantee for advance payment issued by Licensor's Bank in favor of Licensee covering________(Say: _________only), specimen of which is as per Appendix 6;
C.Five (5) copies of pro forma invoice covering the total amount of the initial fee;
D. Five (5) copies of manually signed commercial invoice indicating the amount to be paid;
E. Two (2) copies of sight draft.
3.2.2 _____ percent (___%) of the amount, i.e.______ (Say: __________ only) shall be paid by Licensee to Licensor within_______ (___) days after Licensee has received the following documents provided by Licensor and found them in order.
A. One (1) original and three (3) duplicate copies of airway bill covering the delivery of Technical Documentation, and marke"dREIGHT PREPAID"or receipt of registered airmail for the delivery of Technical Documentation;
B. Five (5) copies of manually signed commercial invoice indicating the amount to be paid;
C. Two (2) copies of sight draft.
3.2.3 _____percent (__%) of the amount, i.e._______ (Say: _____only) shall be paid by Licensee to Licensor within______(____)days after Licensee has received the following documents provided by Licensor and found them in order.
A. One (1) copy of Acceptance Certificate signed by the authorized representatives of both parties;
B. Five (5) copies of manually signed commercial invoice indicating the amount to be paid;
C. Two (2) copies of sight draft.
3.3 Licensee shall pay the running royalty at a rate of ______ percent (____%) during Royalty Period and the calculation base is Net Selling Price of the sold Contract Products. The running royalty shall be settled in every six months (hereinafter referred to as "ettlement Period".
3.3.1 Within fifteen (15) days from expiration of each Settlement Period, Licensee shall send Licensor by fax a written report on the quantity of sales, Net Selling Price and the royalty duly calculated for Settlement Period. Licensor shall send a confirmation fax to Licensee after receiving the report.
3.3.2 Licensee shall pay Licensor the royalty within ______ (___) days upon receipt of the following documents provided by Licensor and found them in order:
A. Licensor's fax confirming that the royalty is due;
B. Five (5) copies of manually signed commercial invoice indicating the amount to be paid;
C. Two (2) copies of sight draft.
3.4 Licensee shall have the right to deduct from any payment the withholding taxes, liquidated damages, and/or compensations, if any , which Licensor shall pay under Contract.
3.5 Licensee shall keep separate accounts on the sale of Contract Products. Licensor may engage a certified public accountant registered in China with the agreement of Licensee to review the accounts having direct relations with Contract Products. The auditing report shall be final in the respect of the sale of Contract Products. The cost incurred in the review shall be borne by Licensor.
3.6 All the banking charges incurred in Licensee's Bank shall be borne by Licensee while those incurred outside Licensee's Bank shall be borne by Licensor.
Chapter 4 Technical Documentation
4.1 Licensor shall be obliged to provide Licensee with Technical Documentation, drafted in metric system in English, and deliver DDU Destination Airport (Incoterm 1990) within______(___)days from the Date of Effectiveness. The contents, copies, and delivery schedule are detailed in Appendix 2.
4.2 Technical Documentation provided by Licensor shall be properly packed to withstand numerous handling, long-distance transportation and to be protected against damages from moisture and rain.
4.3 The following items shall be indelibly painted in English on the four adjacent sides of the surface of each package of Technical Documentation:
A. Contract No;
B. Consignee;
C. Destination Airport;
D. Shipping Marks;
E. Gross Weight and Net Weight(Kg);
F. Case No./Piece No.
4.4 Licensor shall dispatch together with each package two (2) copies of the detailed list of Technical Documentation marked with the order No., documentation, and pages.
4.5 One (1) week before dispatching Technical Documentation, Licensor shall advise Licensee by fax of the approximate pieces of parcel, approximate gross weight and the expected date of arrival at Destination Airport.
4.6 Not later than twenty-four (24) hours upon dispatching each patch of Technical Documentation, Licensor shall inform Licensee by fax of such details as Contract No., dispatching date, airway bill No., airway bill date, flight No., documentation No., package No. and weight. In the meantime, Licensor shall dispatch by express mail to Licensee two (2) copies of the airway bill and detailed list of the dispatched Technical Documentation.
4.61 The date stamped on the airway bill by the Destination Airport shall be regarded as the actual delivery date of Technical Documentation.
4.7 If Licensor fails to deliver Technical Documentation in accordance with the delivery schedule specified in Appendix 2, Licensor shall pay Licensee liquidated damage for late delivery at the following rates:
A ______ percent (____%) of the total contract price per week for the first four weeks;
B. _____ percent (____%) of the total contract price per week from the fifth week to the eighth week;
C.______ percent (____%) of the total contract price per week from the ninth week of delay.
Odd days less than one (1) week shall be counted as one (1) week for calculating the liquidated damage.
4.8 The total liquidated damage for late delivery shall not exceed ______ percent (____%) of the total contract price. Payment of the liquidated damage for late delivery shall not release Licensor from its obligation to deliver Technical Documentation.
4.9 If Technical Documentation can be delivered directly by Licensor to Licensee by hand, Licensor shall advise Licensee in advance by fax of its intention and the anticipated delivery date. A specific form of receipt and other details for the hand delivery shall be agreed upon through consultation between the parties.
4.10 In case of any loss of, damage to, or shortage in Technical Documentation, Licensor shall make supplementary and/or replacing delivery to Licensee free of charge within _____(____) days upon receipt of the written notice from Licensee.
Chapter 5 Technical Service and Technical Training
5.1 Licensor shall be obliged to dispatch healthy, skillful, and competent technical personnel to Job Site to render Technical Service in accordance with Contract. The number, speciality, and treatment of the personnel, as well as the contents, time schedule, and requirements of Technical Service are specified in Appendix 3.
5.2 Licensee shall provide assistance to Licensor's personnel in their application for visa, working permit, and/or other necessary formalities for Licensor's technical personnel to render Technical Service.
5.3 In case the technical personnel dispatched by Licensor is not considered sufficiently qualified, Licensor shall be obliged to replace the incompetent technical personnel at its own expenses without delay.
5.4 Licensor's personnel shall abide by the laws of the People's Republic of China and the regulations of Job Site during their stay in China.
5.5 Licensee shall have the right to send its technical personnel to the relevant factory of Licensor for training. Licensor shall be obliged to render Technical Training in accordance with Contract and make its best effort to enable Licensee's technical personnel to master Know-how. The number, speciality, and treatment of the personnel, as well as the contents, time schedule, and requirement of training, are specified in Appendix 4.
5.6 Licensor shall provide assistance to Licensee's personnel in their application for visa, working permit, and/or other necessary formalities for their training in Licensor's factory.
5.7 Licensee's personnel shall abide by the laws of Licensor's country and the regulations of Licensor's factory during their stay in Licensor's country.
Chapter 6 Acceptance Test
6.1 In order to verify the correctness and reliability of Know-how, Licensor shall send its technical personnel to Job Site to take an acceptance test, with the assistance of the technical personnel of Licensee. The test shall be carried out within______(____) days upon delivery of Technical Documentation pursuant to the procedure set forth in Appendix 5.
6.2 Both parties shall, before the test, review the availability of the facilities, technical personnel, and raw materials necessary for the test as specified in Appendix 5.A confirmation statement shall be signed by the authorized representatives of the two parties.
6.3 If Acceptance Standard is fulfilled in the test, the authorized representatives of both parties shall, within five (5) working days from completion of the test, sign four (4) copies of acceptance certificate, two (2) for each party.
6.4 If any of Acceptance Standard is not satisfied in the test, Licensor shall carry out further tests at its own expenses for at most______(___) times within______ (___) days from the failure of the first test or any period agreed upon between the parties.
6.5 If Acceptance Standard still fails to be fulfilled in the further tests, Licensor shall pay Licensee liquidated damages as specified in Appendix 1, unless otherwise stipulated in Contract. Licensee shall sign the acceptance certificate upon acceptance of the liquidated damages, while Licensor shall not be released from its guarantee obligations.
Chapter 7 Guarantee and Claim
7.1 Licensor guarantees that it is the legitimate owner or holder of Know-how and in the lawful position to grant the license to Licensee.
7.2 Licensor guarantees that Know-how is well developed and industrialized, and is exploitable in accordance with Technical Documentation specified in Appendix 2.
7.3 Licensor guarantees that qualified Contract Products as specified in Appendix 1 can be manufactured by exploiting Know-how at Job Site.
7.4 Licensor guarantees that Technical Documentation is complete, correct, and clear, and shall be delivered in accordance with the schedule specified in Appendix 2.
7.5 Licensor guarantees that qualified professional technical personnel shall be dispatched in duetime to provide correct and sufficient Technical Service and Technical Training.
7.6 The guarantee period for the Know-how at Job Site is___________ (_______) months from the date of the acceptance, details of which are specified in Appendix 5. A guarantee expiration certificate shall be signed by the authorized representative of Licensee at its expiration and submitted to Licensor.
7.7 Licensor guarantees that Licensee shall not be claimed for product liability in relation to Contract Products.
7.8 Should Licensor fail to fulfill any of its guarantee obligations under this Article, Licensee shall be entitled to request Licensor remedy its breach of Contract and/or claim devaluation and/or compensation for the losses, costs, expenses, and/or damages thus incurred unless otherwise stipulated in Contract. The claim shall be regarded as being accepted by Licensor, if Licensor fails to reply within fourteen (14) days upon receipt of Licensee's written notice.
Chapter 8 Indemnity against Infringement
8.1 Licensor shall protect, defend and indemnify Licensee from any claim or action litigation, or claim brought by a third party against Licensee arising out of or in connection with the exploitation of Know-how under contract. In the event that Licensee is accused by any third party of illegal exploitation or infringement in the course of exploitation of Know-how, Licensee shall inform Licensor of the claim without delay. Licensor shall be obliged to handle the claim and make the defense against the accuser at its own cost in Licensee's name. All the legal and financial responsibilities which may arise shall be borne by Licensor. Licensee shall, whenever possible, give assistance to Licensor to make defense, provided that the expenses occurred thereof be reimbursed by Licensor..
8.2 Licensee shall inform Licensor without delay, in case it finds any illegal exploitation of Know-how by a third party in the licensed territory. Licensor shall take appropriate actions within______(____) days upon receipt of Licensee's notice to stop the illegal exploitation.Otherwise Licensor shall, at the request of Licensee, authorize Licensee to initiate litigation against the alleged third party in accordance with the legal requirements in China, and shall render all possible assistance to Licensee. Licensee shall bear all the costs in such a lawsuit, and shall be entitled to all the compensation awarded to it.
Chapter 9 Termination
9.1 Licensee may, without prejudice to any other remedy for Licensor's following breach of contract, terminate Contract in whole or in part by a written notice of default send to Licensor, if Licensor
A. Fails to deliver any or all of Technical Documentation within____(____) days after the scheduled delivery date as specified in Appendix 2; or
B. Fails to make Contract Products meet the minimum level of Acceptance Standards as specified in Appendix 1.
Licensor shall refund to Licensee all the payments effected by Licensee to Licensor plus an interest at the rate of______ percent (____%) per annum in case of such a termination.
9.2 Either party may, without prejudice to any other remedy, terminate Contract in whole or in part by a written notice send to the other party, if the other party
A. fails to perform its confidentiality obligation under Contract; or
B. fails to perform any other obligations under Contract except minor parts thereof, and does not remedy for its failure within a period of______ (____) days upon receipt of the written notice or a period agreed upon between the parties; or
C. becomes bankrupt or insolvent; or D. Affected by any event of Force Majeure for more than one hundred and twenty (120) days.
Chapter 10 Confidentiality
10.1 Within the validity period of Contract, Both parties shall take proper measures to keep Know-how and Technical Documentation strictly confidential. Licensee shall not disclose or divulge Know-how to any third party without prior written consent of Licensor.
10.2 Either party shall be obliged to keep confidential any secret information of the other party which either party and its personnel may obtain or be accessible to in the course of the performance of Contract. Either party shall not make use of or disclose such secret information obtained from the other party without prior written permission issued by the other party.
10.3 The confidential obligation shall not apply to the information which:
A. now or hereafter enters the public domain; or
B. can be proved to have been in the possession of the party at the time of disclosure and which was not previously obtained, directly or indirectly, from the other party hereto; or
C. otherwise lawfully becomes available to either party from a third party under no obligation of confidentiality.
Chapter 11 Improvement and Grant-back
11.1 Should any Improvement be made by Licensor on Know-how within the validity period of Contract, Licensor shall grant Licensee a non-exclusive license to exploit such Improvement free of charge.
11.2 Licensee shall be entitled to make Improvement on Know-how. Any such Improvement shall be the exclusive property of Licensee. Licensee shall inform Licensor and grant-back such Improvement free of charge to Licensor on a non-exclusive basis.
11.3 Both parties shall be obliged to keep Improvement confidential. Neither party shall be entitled to grant any third party a sub-license on Improvement made and provided by the other party without previous written consent of the other party.
Chapter 12 Taxes and Duties
12.1 All taxes and duties in connection with and in the execution of Contract levied by the Chinese government on Licensee in accordance with the tax laws of PRC shall be borne by Licensee.
12.2 All taxes and duties levied by the Chinese government on Licensor, in connection with and in the execution of Contract, according to Chinese tax laws and the agreement between the government of PRC and the government of Licensor's country for the reciprocal avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income shall be borne by Licensor.
Licensee is legally obliged to withhold, as a withholding agent, the amount f taxes pro rata each taxable payment under Contract and pay them to the relevant Chinese tax authorities. After receiving the tax receipts issued by the relevant Chinese tax authorities for the aforesaid withholding taxes, Licensee shall forward them to Licensor without undue delay.
12.3 All taxes and duties arising outside PRC in connection with and in the execution of Contract shall be borne by Licensor.
Chapter 13 Force Majeure
13.1 Should either party be prevented from performing any of its obligations under Contract due to event of Force Majeure, such as war, serious fire, typhoon, earthquake, flood and any other events which could not be expected, avoided and overcome, the affected party shall notify the other party of its occurrence by fax and send by registered airmail a certificate issued by the competent authorities or agency within fourteen (14) days following its occurrence.
13.2 The affected party shall not be liable for any delay or failure in performing any or all of its obligations due to the event of Force Majeure. However, the affected party shall inform the other party by fax the termination or elimination of the event of Force Majeure without delay.
13.3 Both parties shall proceed with their obligations immediately after the cease of the event of Force Majeure or removal of the effects. The validity period of Contract and/or the scheduled period for relative execution of Contract shall be extended correspondingly..
Chapter 14 Arbitration
18.1 Any dispute arising from or in connection with this Contract shall be submitted to China International Economic and Trade Arbitration Commission for arbitration which shall be conducted in Shenzhen in accordance with the Commission's arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties and the applicable law is the material law of P.R.C.
18.2 Notwithstanding any reference to arbitration, both Parties shall continue to perform their respective obligations under the Contract unless otherwise agreed.
Chapter 15 Effectiveness of the Contract and Miscellaneous
15.1 Both parties shall make effort to obtain the approval from the respective authorities, if necessary, within thirty (30) days after Contract is signed by the authorized representatives of the two parties. Either Party shall notify in writing the other party of the approval date. The later date of approval shall be taken as the Date of Effectiveness of Contract.
15.2 Contract shall be valid and remain in force for_______(____) years from the Date of Effectiveness.
15.3 The outstanding credit and debt between the parties under Contract shall not be affected upon the termination or expiration of Contract.
15.4 Neither party shall be entitled to assign its rights and duties under Contract to any third party without prior written consent of the other party.
15.5 Appendices hereof shall be integral parts of Contract and have the same legal force as the text of Contract itself. The text of Contract shall prevail in case of any discrepancies between the text of Contract and Appendices.15.4 Neither party shall be entitled to assign its rights and duties under Contract to any third party without prior written consent of the other party.
15.6 Appendices hereof shall be integral parts of Contract and have the same legal force as the text of Contract itself. The text of Contract shall prevail in case of any discrepancies between the text of Contract and Appendices.
15.7 All amendments, supplements, subtractions, or alterations to Contract shall be made in written form and become valid upon the signature of the authorized representatives of both parties. The valid amendments, supplements, subtractions, or alterations shall from an integral part of Contract. and shall have the same legal force as the text of Contract.
15.8 All communications between the parties shall be in English in form during imple- mentation of Contract. Faxes concerning important matters shall be confirmed timely by registered or express mails.
15.9 The Contract is made in two counterparts each in Chinese and English, each of which shall deemed equally authentic. The Contract is in four (4) originals, two (2) for the Buyer and two (2)for the Seller.
15.10 A separate agreement shall be signed in due time between the parties on supplying by Licensor the parts, components, raw materials, and standard parts for producing Contract Products at the most favorable price for Licensee. Licensee:___________________. Address:____________________.
Post Code:_________________. E-mail:_____________________. Tel:_______________________. Fax :_______________________.
Authorized Representative Signature____________. Signing Date :________________. Licensor:___________________. Address :____________________.
PostCode:_________________. E-mail:_____________________. Tel :_______________________. Fax :________________________.
Authorized RepresentativeSignature____________.SigningDate :_________________.
Appendix 6 Specimen of Irrevocable Letter of Guarantee for
Advance Payment Issued by Licensor's Bank
Issuing Date :__________________.
Beneficiary:___________________.
Address :_____________________. Post Code :__________________.
Subject: Our Irrevocable Letter of Guarantee No.________________.
With reference to Contract No._________ (hereinafter referred to as "ontract"signed between yourselves and __________________ (hereinafter referred to as"icensor" dated _________________, covering the license to you of____________ (Know-how), with a total contract price of______ (currency) _______ (say: ______ _______only), we,__________________ (Licensor's Bank), at the request of Licensor, hereby open this Irrevocable Letter of Guarantee in your favor to the extent of (currency) _______ (say: ________only) covering ________ percent (_____%) of the total contract price plus interest, and hereby undertake as follows:
In the event of your notification that Licensor fails to perform any of its obligations under Contract, partially or wholly, when you have already made the advance payment to Licensor, we shall, within five(5) working days upon receipt of your first written notice and through your bank, notwithstanding any objection by Licensor, pay you unconditionally and amount up to_________(say: __________only) together with the interest at the rate of _________ percent (_____%) per annum counting from the date of your advance payment up till the actual date of our payment to you.
This Letter of Guarantee shall remain valid and in full effect from its issuing date until the signing date of the acceptance certificate specified in Contract.
____________________.
(Name of the issuing Bank)
By: ____________________.
(Printed name and designation)(Official seal)
