This Agreement is made at ………….. this … day of …………….. between M/s. ABC Co. Ltd., a Company registered under the Indian Companies Act, 1956, and having its registered office at ………………………… hereinafter referred to as ‘the Indian Company’ of the One Part and M/s. XYZ Co. Ltd., a Company incorporated under the laws in force in … and having Its office at …………………… hereinafter referred to as the ‘Foreign Company’ of the Other Part.
Whereas the Indian Company has established a factory at … by purchasing a highly technical machinery and equipment from the Foreign Company.
And Whereas at the treaty of the purchase of the said machinery and equipment It was agreed that the Foreign Company shall render all assistance In the maintenance and repairs of the said machinery and equipment on the terms and conditions agreed upon between the parties and to he subsequently recorded In writing.
And Whereas it is now proposed to execute these presents recording the said terms and conditions….
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