An Agreement executed this ……………. day of…………………. Between ………………a foreign company incorporated in the United Kingdom and having its registered office at…………………….(hereinafter called the “U.K. Company”) of the one part AND a company incorporated in India and having its registered office at………………..(hereinafter called the Indian company) of the other part.
Whereas the Indian Company has been incorporated having for its object the manufacture and production of………………….;
And Whereas the Indian Company has already constructed factory buildings, installed plant and machinery and commenced manufacture and production of.…………….;
Whereas the Indian company with a view to improve still further the quality of the commodities manufactured and to increase production are desirous of procuring the latest technique and know-how related to the manufacture of the above-said commodities ; Whereas the Indian Company thereof approached the U.K. Company who have considerable experience in the line of manufacture engaged in by the Indian Company and requested them to extend to them necessary technical assistance in that behalf, and whereas the U.K. Company has agreed to extend technical assistance and to furnish to the Indian Company for improvement of their business to requisite know-how in the form of designs , plans, engineering drawings, technical advice and also to supply technicians to advise for improvement of the existing factories, machinery, and plant and also provide to the Indian personnel necessary technical training to enable them to successfully handle and exploit the technical know-how to be imparted to the Indian Company subject to the terms and conditions set out hereunder :….
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