Attached files
The Contract for Commercialization of High quality Bamboo Shoot Product Processing
Party A: Fujian Agriculture and Forestry University
Party B: Fujian Yada Food Co., Ltd
Fujian Agriculture and Forestry University (hereinafter referred to as Party A) and Fujian Yada Food Co., Ltd (hereinafter referred to as Party B) hereby agrees to cooperate in commercialization of high quality bamboo shoot product processing (the Project) in the principle of mutual benefit. The leading technical personnel of the Project is Professor Lu Zejian from the Food Engineering School of Fujian Agriculture and Forestry University, and the project team will be comprised of R&D personnel from both sides. Through friendly negotiations, the Parties now reach the following agreements in the principle of mutual help and benefit on the bona fide basis:
Allocation of Responsibilities:
Responsibilities of Party
A:
1. organizing the Project and holding regular symposiums in order to
improve the research process and summarize stage research results in a timely
manner;
2. planning, designing, technical consultation and development of
the Project;
3. filing, research, demonstration, examination and acceptance
of the Project;
4. assisting Party B to file the Project with competent
authorities, and trying to get approval for the Project;
Responsibilities of Party B:
1. commercialization of
research results of the Project, providing necessary personnel, facilities and
coordinate funds for the Project;
2. providing testing site for the
researchers;
3. participating in the development and design of the Project,
and taking charge of the commercialization of the research result;
4.
coordinating with Party A on the organization of Project acceptance
Research Fund
The total amount of the Project research fund
is RMB 300,000. Party B shall pay Party A RMB 100,000as Project initiation fund
and research fund for early stage first, and then pay the remaining RMB 200,000
in lump sum after the research result is examined and accepted.
Ownership of the Research Result
1. Party A will have the
ownership of the research result of the Project;
2. Party B will have the
right to use the research result and apply for patent for such results together
with Party A;
3. The supporting fund for this Project as national project
applied on behalf of the enterprise will be owned by Party B;
4. This
Contract shall be made in duplicate, and each Party shall hold one copy;
5.
This Contract will come into effect upon the execution.
Party A: Fujian Agriculture and Forestry University
Representative (Chop): (unclear signature)
Project Leader (Chop): Lu
Zejian
Party B: Fujian Yada Food Co., Ltd
Representative (Chop):
Zhan Youdai
Technical Leader (Chop): (unclear signature)
May 11th, 2007