TEL contribution Sample Clauses

TEL contribution. TEL's contribution to the joint venture shall consist of (a) land, for us in situating and operating the joint venture, valued at US$2 million (two million U.S. dollars); (b) site preparation, including such civil works and construction, to be described more completely in the Construction Agreement between CTC and TEL, as may be necessary to build facilities to be used by the joint venture, valued at US$1 million (one million U.S. dollars); (c) marketing services and know-how involved in conducting the operations of CTC, valued at US$1 million (one million U.S. dollars); and (d) language skills, local knowledge, and official contacts pertinent to the establishment and operations of the joint venture, valued at US$1 million (one million U.S. dollars).