Buyback contracts Sample Clauses

Buyback contracts. Another contract which involves a license and a transfer of technology, is buyback. In fact buyback is a counter trade type of contract. In this series of contracts, Issuer undertakes additional and mutual commitments in addition to the common commitments of goods and services ‘contracts. (Xxxxxxx, 2004, p. 5). One of the properties of buyback, compared with "counter purchase," which is another kind of counter trade agreement, is the coherence and relationship between the exported goods and redeem of the exporter. In fact, what is exported and what is purchased are linked in a manufacturing process in a buyback contract. Exporter is committed to the supply of machinery, raw materials, technology, technical knowledge and technical assistance to the importer so that an economic unit is created. When the unit is built, the cost of exported products is compensated through the redemption of the goods produced in “the very economic unit ". (Ibid., Pp. 16, 17). It seems that in addition to the investment and financing of projects, transfer of technology and technical knowledge is one of the objectives of the contracts and, therefore, so the raw materials (hardware), technical management services (software), patents licensing’s rights and other industrial ownerships are recorded as buyback contracts. In our country the buyback mechanism is usually used to extract oil and gas deposits or develop them. In the foreign investment law and its regulations, the buyback and BOT contracts are investments in which the return of interests are purely possible through the operation of the projects, and does not rely on state guarantees or banks1
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Related to Buyback contracts

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  • Piggyback Contract A Contract let by any department, agency or instrumentality of the United States government, or any department, agency, office, political subdivision or instrumentality of any state or group of states that is adopted and extended for use by OGS in accordance with the requirements of the State Finance Law.

  • Teacher Contracts A. Contracts for the employment of teachers shall be of two types: Limited Contracts and Continuing Contracts.

  • Existing Contracts Billing terms and provisions contained in existing contracting entity agreements (existing as of the date this policy is approved by the Board of Supervisors) shall remain in effect for the life of the contract. However, when these existing contracts are renegotiated, they shall contain the billing provisions as set forth in this policy.

  • Sub-Contract The contractor shall not subcontract any or all of the supply without written consent of the purchaser. The contractor shall solely be responsible to the Purchaser for all the supply including that of the sub-contractor, if allowed by the purchaser

  • Service Contracts (a) The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory, management and/or administrative services for the Trust or for any Series with any Person; and any such contract may contain such other terms as the Trustees may determine, including without limitation, authority for the Investment Adviser to determine from time to time without prior consultation with the Trustees what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested and to make changes in the Trust's investments, and such other responsibilities as may specifically be delegated to such Person.

  • Construction Contracts Item A: Enter the total dollar amount of all contacts awarded on the project/ program. Item B: Enter the total dollar amount of contracts connected with this project/program that were awarded to Section 3 businesses.

  • Extended Contracts A. In the event the number of days in a MBU’s contract is extended, that MBU shall be paid at the daily rate of 1/207 of their scheduled salary per additional day. MBUs on an extended contract shall receive all holidays and benefits received by MBUs during the school year.

  • Assumed Contracts The term "Assumed Contracts" shall have the meaning set forth in Section 2.1(e).

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