Examples of JV Products in a sentence
The Parties recognize that the technology under which the JV Products are manufactured by the JV Company is highly advanced and requires meeting very high standards to produce premium class products.
In the Technology License Agreement, the proposer will bring manufacturer authorized certificate or letter for the JV Company to localize /manufacture/ some selected JV Products components to meet special requirements of the JV Company or special conditions in the market of Ethiopia in strict conformity with the Technical Documentation and the manufacturer Quality Standards.
The retail prices (prices to customers) or the recommended retail prices of the JV Products will be proposed by the Management of the JV Company to the Board of Directors per the policies and guidelines promulgated by the proposer from time to time and in consideration of the market conditions in Ethiopia.
The JV Company may incorporate localized parts and components into the JV Products, provided that such localized parts and components have been tested and accepted according to a separate agreement to be entered into by the manufacturer and the JV Company, and provided that such localized parts and components are commercially acceptable to the JV Company in such terms as to price, warranty, and delivery schedules.
The purpose of the technical assistance and training is to assist the JV Company to produce qualified JV Products.