Is it allowed to use 02 language in a technology transfer agreement in Vietnam? May trực tiếp bóng đá hôm nay payment for technology transfer be made by multiple payments in cash?
Is it allowed to use 02 language in a technology transfer agreement in Vietnam?
Pursuant to Article 22 of trực tiếp bóng đá hôm nayLaw on Technology Transfer 2017:
Conclusion and performance of technology transfer agreement
1. A technology transfer agreement must be concluded in writing or in any forms which are considered as written transactions under regulations of trực tiếp bóng đá hôm nay Civil Code. trực tiếp bóng đá hôm nay agreement must be signed and sealed (if any) by trực tiếp bóng đá hôm nay parties; all pages of trực tiếp bóng đá hôm nay agreement or its appendixes must be initialed and sealed (if any).
2. trực tiếp bóng đá hôm nay language used in trực tiếp bóng đá hôm nay agreement shall be agreed upon by trực tiếp bóng đá hôm nay parties.
3. trực tiếp bóng đá hôm nay technology transfer agreement is concluded and performed in accordance with regulations of this Law, trực tiếp bóng đá hôm nay Civil Code, and trực tiếp bóng đá hôm nay Law on Commerce, trực tiếp bóng đá hôm nay Law on Intellectual Property, trực tiếp bóng đá hôm nay Competition Law and relevant laws.
trực tiếp bóng đá hôm nay language used in trực tiếp bóng đá hôm nay agreement shall be agreed upon by trực tiếp bóng đá hôm nay parties.
trực tiếp bóng đá hôm nay law does not specifically provide whether trực tiếp bóng đá hôm nay use of two languages is allowed in technology transfer agreement or not.
However, trực tiếp bóng đá hôm nay parties can agree with each other to choose a suitable language to enter into a technology transfer agreement in accordance with trực tiếp bóng đá hôm nay law.
Is it allowed to use 02 language in a technology transfer agreement in Vietnam? May trực tiếp bóng đá hôm nay payment for technology transfer be made by multiple payments in cash? (Image from trực tiếp bóng đá hôm nay Internet)
Vietnam: May trực tiếp bóng đá hôm nay payment for technology transfer be made by multiple payments in cash?
Pursuant to Article 27 of trực tiếp bóng đá hôm nayLaw on Technology Transfer 2017on trực tiếp bóng đá hôm nay price for technology transfer and payment method:
Price for technology transfer and payment method
1. trực tiếp bóng đá hôm nay price for transferring technology shall be subject to agreement between trực tiếp bóng đá hôm nay parties.
2. trực tiếp bóng đá hôm nay payment may be made by adopting any of trực tiếp bóng đá hôm nay following methods:
a) One-off or multiple payments in cash or by goods;
b) Transfer of technology value as capital contribution to trực tiếp bóng đá hôm nay investment project or enterprise under regulations of law;
c) Payment by percentage (%) of trực tiếp bóng đá hôm nay net selling price;
d) Payment by percentage (%) of trực tiếp bóng đá hôm nay net revenue;
dd) Payment by percentage (%) of trực tiếp bóng đá hôm nay earnings before income taxes of trực tiếp bóng đá hôm nay transferee;
e) Other payment method as agreed upon by trực tiếp bóng đá hôm nay parties.
3. trực tiếp bóng đá hôm nay price of transferred technology must be audited and applied in accordance with regulations of trực tiếp bóng đá hôm nay Law on taxation and prices in trực tiếp bóng đá hôm nay following cases:
a) Technology is transferred between trực tiếp bóng đá hôm nay parties among which one or both parties have state funding;
v) Technology is transferred between trực tiếp bóng đá hôm nay parties having parent company-subsidiary company relationship;
c) Technology is transferred between trực tiếp bóng đá hôm nay parties having association relationship as prescribed by trực tiếp bóng đá hôm nay law on taxation.
4. trực tiếp bóng đá hôm nay Government shall promulgate detailed regulations on this Article.
trực tiếp bóng đá hôm nay payment for technology transfer may be made by one-off or multiple payments in cash or by goods.
Thus, trực tiếp bóng đá hôm nay payment for technology transfer may be made by multiple payments in cash.
What are trực tiếp bóng đá hôm nay rights and obligations of trực tiếp bóng đá hôm nay transferor in Vietnam?
Pursuant to Article 25 of trực tiếp bóng đá hôm nayLaw on Technology Transfer 2017on trực tiếp bóng đá hôm nay rights and obligations of trực tiếp bóng đá hôm nay transferor:
Rights and obligations of trực tiếp bóng đá hôm nay transferor
1. trực tiếp bóng đá hôm nay transferor has trực tiếp bóng đá hôm nay following rights:
a) Request trực tiếp bóng đá hôm nay transferee to strictly comply with provisions of trực tiếp bóng đá hôm nay technology transfer agreement;
b) Receive full payment and enjoy other rights and interests as specified in trực tiếp bóng đá hôm nay technology transfer agreement;
c) Hire an organization or individual to make technology transfer as regulated by law;
d) Request regulatory authorities to protect rights and legal interests related to trực tiếp bóng đá hôm nay transferred technology;
dd) Request trực tiếp bóng đá hôm nay transferee to implement corrective measures and make compensation for damage in case trực tiếp bóng đá hôm nay transferee fails to fulfill its obligations specified in trực tiếp bóng đá hôm nay technology transfer agreement, unless otherwise agreed;
e) Have other rights as defined by law.
2. trực tiếp bóng đá hôm nay transferor must discharge trực tiếp bóng đá hôm nay following obligations:
a) Ensure that trực tiếp bóng đá hôm nay right to transfer technology is legal and not limited by trực tiếp bóng đá hôm nay third party, unless otherwise agreed;
b) Comply with provisions specified in trực tiếp bóng đá hôm nay technology transfer agreement; make compensation for damage caused to trực tiếp bóng đá hôm nay transferee and/or trực tiếp bóng đá hôm nay third party due to trực tiếp bóng đá hôm nay transferor’s breach of agreement;
c) Keep secret of technology-related information and other information in course of negotiation, conclusion and performance of trực tiếp bóng đá hôm nay technology transfer agreement;
d) Give a notification to trực tiếp bóng đá hôm nay transferee and implement appropriate measures upon discovery of any technical difficulties which may result in trực tiếp bóng đá hôm nay transferred technology fails to satisfy requirements specified in trực tiếp bóng đá hôm nay agreement;
dd) Apply for permit to transfer technology which is restricted from transferring from Vietnam to foreign countries, unless otherwise agreed upon by trực tiếp bóng đá hôm nay parties;
e) Fulfill financial obligations and other obligations as regulated by law.
Thus, trực tiếp bóng đá hôm nay transferor has trực tiếp bóng đá hôm nay following rights and obligations:
(1)trực tiếp bóng đá hôm nay transferor has trực tiếp bóng đá hôm nay following rights:
- Request trực tiếp bóng đá hôm nay transferee to strictly comply with provisions of trực tiếp bóng đá hôm nay technology transfer agreement;
- Receive full payment and enjoy other rights and interests as specified in trực tiếp bóng đá hôm nay technology transfer agreement;
- Hire an organization or individual to make technology transfer as regulated by law;
- Request regulatory authorities to protect rights and legal interests related to trực tiếp bóng đá hôm nay transferred technology;
- Request trực tiếp bóng đá hôm nay transferee to implement corrective measures and make compensation for damage in case trực tiếp bóng đá hôm nay transferee fails to fulfill its obligations specified in trực tiếp bóng đá hôm nay technology transfer agreement, unless otherwise agreed;
- Have other rights as defined by law.
(2)trực tiếp bóng đá hôm nay transferor must discharge trực tiếp bóng đá hôm nay following obligations:
- Ensure that trực tiếp bóng đá hôm nay right to transfer technology is legal and not limited by trực tiếp bóng đá hôm nay third party, unless otherwise agreed;
- Comply with provisions specified in trực tiếp bóng đá hôm nay technology transfer agreement; make compensation for damage caused to trực tiếp bóng đá hôm nay transferee and/or trực tiếp bóng đá hôm nay third party due to trực tiếp bóng đá hôm nay transferor’s breach of agreement;
- Keep secret of technology-related information and other information in course of negotiation, conclusion and performance of trực tiếp bóng đá hôm nay technology transfer agreement;
- Give a notification to trực tiếp bóng đá hôm nay transferee and implement appropriate measures upon discovery of any technical difficulties which may result in trực tiếp bóng đá hôm nay transferred technology fails to satisfy requirements specified in trực tiếp bóng đá hôm nay agreement;
- Apply for permit to transfer technology which is restricted from transferring from Vietnam to foreign countries, unless otherwise agreed upon by trực tiếp bóng đá hôm nay parties;
- Fulfill financial obligations and other obligations as regulated by law.
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