中外合资经营合同格式2(18)

各种英文法律文书

Article 37

The duration of the cooperative venture company is______ years. Theestablishment date of the joint venture company shall be the date on whichthe business license of the cooperative venture company is issued.

An application for the extension of the duration, proposed by oneparty and unanimously approved by the board of directors, shall besubmitted to the Ministry of Foreign Trade and Economic Cooperation (orthe examination and approval authority entrusted by it) six months priorto the expiry date of the joint venture.

Chapter 14 The Disposal of Assets after the Expiration of the Duration

Article 38

Upon the expiration of the duration, the assets shall belong to PartyA.

Chapter 15 Insurance

Article 39

Insurance policies of the joint venture company on various kinds ofrisks shall be underwritten with the People's Republic of China. Types,value and duration of insurance shall be decided by the board of directorsin accordance with the provisions of the People's Insurance Company ofChina.

Chapter 16 The Amendment, Alteration and Termination of the Con

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Article 40

The amendment of the contract or other appendices shall come into force only after a written agreement has been signed by Party A and Party B and approved by the original examination and approval authority.

Article 41

In case of inability to fulfil the contract or to continue operation due to heavy losses in successive years as a result of force majeure, the duration of the cooperative venture and the contract shall be terminated before the time of expiration after being unanimously agreed upon by the board of directors and approved by the original examination and approval authority.