What Is Foreign Collaboration Agreement
Globalization is the integration of the global economy, where the world becomes a single market. Cooperation abroad allows different countries to forge and benefit from a partnership. It helps both developed and developing countries to unite to achieve common goals and preserve world peace. 29. The parties may receive amendments to the company`s by-law to bring them in line with the terms of this agreement. 21. The absence of one of the parties to insist on the strict and ad hoc application of the provisions of this agreement does not constitute a waiver or legal action against the exercise of the right to claim such a benefit, nor a waiver or Estoppel should, in any case, constitute a waiver or Estoppel with respect to a subsequent offence of a similar nature or in any other way. There is nothing in this provision that prevents a party from asserting its rights through remedies that are available in place of the denunciation of this agreement in accordance with point 18 above. F. In the event that the parties agree by mutual agreement to terminate the contract. After the implementation of this agreement, the parties receive a company on behalf of M/s.
… Ltd., (and what name is approved by the Registrar of Companies at ……. ) with the Registrar referred to under the Indian Companies Act 1956, with respect to the memorandum and statutes in the form of projects approved by the parties and in accordance with the other requirements of that registration. 6. All issued shares are paid in full and/or in kind to the company, but no additional action is issued without the prior consent of the parties. I did it. The parties must, in proportion to the number of shares held by each of them, in proportion to each new issue of the company`s shares, subject to the agreement of SEBI, if necessary. 25. This agreement cannot be construed by either party as representing the other or the company as an agent of either party. 8. As stipulated in the draft statutes within the meaning of paragraph 1, the number of directors of the company is the ….
of them…. are appointed by the Foreign Company and … local society or society. Prior to the start of each year of the Corporation, the directors of one of its members appoint the Chairman of the Board of Directors throughout the year and the elected person is appointed by the parties for the years of vice-presidency.