Common use of Purpose of Joint Venture Clause in Contracts

Purpose of Joint Venture. The Parties hereby associate themselves in a joint venture relationship which shall have as its principal purpose: (1) identifying, investigating and investing in companies involved in Internet or E-commerce based activities in the Territory; (2) developing, marketing and providing an Internet incubator for early stage companies involved in Internet or E-commerce based activities focused on regions in the Territory; and (3) activities incidental thereto.

Appears in 1 contract

Samples: Joint Venture Agreement (Utstarcom Inc)

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Purpose of Joint Venture. 2.1. The Parties hereby associate themselves in a joint venture relationship which shall have as its principal purpose: (1) identifyingdeveloping, investigating maintaining and investing in companies involved in Internet or E-commerce based activities in the Territorysupporting Concurrency; (2) developing, marketing integrating Concurrency into GTCH’s software platforms and providing an Internet incubator for early stage companies involved in Internet or E-commerce based activities focused on regions in the Territoryproducts; and (3) sales and licensing and other activities incidental thereto.

Appears in 1 contract

Samples: Joint Venture Agreement (GBT Technologies Inc.)

Purpose of Joint Venture. 2.1. The Parties hereby associate themselves in a joint venture relationship which shall have as its principal purpose: (1) identifyingdeveloping, investigating maintaining and investing in companies involved in Internet or E-commerce based activities in the Territorysupporting Technology Portfolio TP; (2) developing, marketing and providing an Internet incubator for early stage companies involved in Internet or E-commerce based activities focused on regions in the Territoryintegrating Technology Portfolio TP into GTCH’s platforms and/or products to be developed; and (3) sales and licensing and other activities incidental thereto.

Appears in 1 contract

Samples: Joint Venture and Territorial License Agreement (GBT Technologies Inc.)

Purpose of Joint Venture. 2.1. The Parties hereby associate themselves in a joint venture relationship which shall have as its principal purpose: (1) identifyingdeveloping, investigating maintaining and investing in companies involved in Internet or E-commerce based activities in the Territorysupporting Technology Portfolio; (2) developing, marketing integrating TP into the Company’s platforms and/or products to be developed; (3) sales and providing an Internet incubator for early stage companies involved in Internet or E-commerce based licensing and other activities focused on regions in the Territoryincidental thereto; and (34) activities incidental thereto.investing in affiliated or derivative technologies

Appears in 1 contract

Samples: Master Joint Venture and Territorial License Agreement (GBT Technologies Inc.)

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Purpose of Joint Venture. The Parties hereby associate themselves in a joint venture relationship which shall have as its principal purpose: (1) identifyingpurpose the establishment, investigating development and investing in companies involved in Internet or E-commerce based activities operation of the Business in the Territory; (2) developing, marketing and providing an Internet incubator for early stage companies involved in Internet or E-commerce based activities focused on regions in the Territory; and (3) activities incidental thereto.

Appears in 1 contract

Samples: Joint Venture Operating Agreement

Purpose of Joint Venture. 2.1. The Parties hereby ratify to associate themselves in a joint venture relationship which shall have as its principal purpose: (1) identifyingdeveloping, investigating maintaining and investing in companies involved in Internet or E-commerce based activities in the Territorysupporting Technology Portfolio; (2) developing, marketing integrating TECHNOLOGY PORTFOLIO into GBT’s platforms and/or products to be developed; (3) sales and providing an Internet incubator for early stage companies involved in Internet or E-commerce based licensing and other activities focused on regions in the Territoryincidental thereto; and (34) activities incidental thereto.investing in affiliated or derivative technologies

Appears in 1 contract

Samples: Joint Venture Agreement (GBT Technologies Inc.)

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