Protocol of Intent
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Abu Dhabi |
20 Jan, 2002
This protocol of Intent (“Protocol”) is made by and between:
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i). |
City Mix L.L.C., a company incorporated under the laws of Abu Dhabi, in the person of General Manager. Xxxxxx Xxxxxxxxx (“the Supplier”); and |
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ii). |
Xx Xxxxx Cont. & Road Works Est., a company incorporated under the laws of Abu Dhabi, in |
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the person of General Manager |
(“the Client”). | ||
WHEREAS:
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A. |
The Supplier has its ready-mix concrete factory in Mussafah, Abu Dhabi and is prepared to start shortly production and supplies of ready-mix concrete; and | |
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B. |
The Client expressed its interest in the potential supplies of ready-mix concrete from the Supplier; and | |
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C. |
The Supplier introduced to the Client its ready-mix factory, production technology, machineries and organization of operations; | |
Now, therefore the parties have agreed as follows.
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1. |
The Client expressed its satisfaction with the machineries, technology and organization of operations of the Supplier and specifically: |
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vertical aggregate automatic feeding system; | |||
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water cooling system; |
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concrete recycling unit; |
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sophisticated laboratory. |
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2. |
The parties agreed that the Supplier’s technology and the above technological features give City Mix a number of advantages and allow the company to become one of the leading high quality product supplier in the region. |
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3. |
The Client expressed its readiness to take its supplies of ready-mix concrete from the factory of the Supplier once it is in operation. |
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4. |
This Protocol shall be the statement of intent of the parties and shall not constitute any binding legal obligations on the parties. |
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5. |
This Protocol is made in two original copies, one for each of the parties. |
