Agreement on Technical CooperationCooperation Agreement |
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SINA CORP | Beijing New Media Information Technology Co., Ltd | Guangzhou Media Message Technologies, Inc.. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Cooperation Agreement by:
Exhibit 10.42
Agreement
on Technical Cooperation
This Agreement
is made and entered into this day of September 28, 2003 by and between Beijing
New Media Information Technology Co., Ltd (“Party A”) with its
principle address at #A1, Wanquanzhuang, Haidian District, Beijing, PRC and Guangzhou
Media Message Technologies, Inc. (“Party B”) with its principle
address at Floor 11, Tian He Business Building No. 8 Zhong Shan Av. W.
Guangzhou, PRC.
Whereas:
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(1) |
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Party A is a
limited liability company incorporated in Beijing and existing under the laws
of PRC engaged in technology development of computer internet and the
technical service business; |
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(2) |
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Party B is a
limited liability company registered in Guangzhou, PRC engaged in the
business of mobile value-added telecommunication service, internet
information service and internet web advertising service; |
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(3) |
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For the purpose
of business operation, Party B decides to employ Party A as its technical
service provider to provide relevant technical services to Party B, and Party
A agrees to provide Party B with the corresponding technical services
according to and subject to the provisions of this Agreement; |
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NOW, THEREFORE,
in consideration of covenants and agreement herein contained through friendly
consultation, the parties hereby agree as follows:
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1. |
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Definition
and Interpretation |
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1.1 |
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In this
agreement unless it is specifically provided, the following terms shall have
the corresponding meanings of: |
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(a) |
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Technical
secret: means the unpublished necessary technical information and documents
including technical information, technical specification, design,
installation, testing, implementation, maintenance equipment and software
requirement owned by either party and provide to another party during
cooperation period of this agreement |
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(b) |
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Program design:
means the required software system explanation, description which presented
and confirmed in words or diagrams based on the project objectives of both
parties and the conditions for achieving system objectives. |
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2. |
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Cooperation
content and mode |
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2.1 |
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Party A holds
the proprietorship of the following products including feichangnannv,
dafuweng, guaiguaizhumi and authorizes party B to provide relevant services
to users using the above products. |
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2.2 |
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Party A shall
update and maintain software based on Party B’s application of the
software to ensure normal operation of the products. |
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3. |
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Cooperation
Fees and Payment |
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3.1 |
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Ratio of
cooperation fee: Both parties share the revenues generated from products as
described in clause 2.1. Each party shares 50% of the revenues, after
deducting the fees paid to mobile operators, generated by individual product
by Party B. |
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3.2 |
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Payment method:
Party B shall provide Party A with revenue report of the products every
month. For the fees as described above paid by Party B to Party A, Party A
shall issue corresponding invoices to Party B. |
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4. |
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Commercial
secrets and Intellectual Property Rights |
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4.1 |
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The parties
confirm hereby that Party A shall own the copy rights or any other legal
authorizations of the cooperation contents rendered by itself to Party B
under this agreement and Party B, entitled to the right to use such contents
only, if intending to make any modification to such content, shall propose
specific solutions for modification, upgrade or conversion, which shall be
then implemented by Party A. |
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4.2 |
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Either shall
keep any and all commercial secrets of the other party obtained during the
cooperation or from any other channel extremely confidential and shall not
disclose such secrets to any third party without earlier written consent from
the other party. |
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4.3 |
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Unless
otherwise regulated by this agreement, either party shall not use or copy the
other party’s trade mark, logo, commercial data, educational materials,
technical references and any other documents without earlier written consent
from the other party. |
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5. |
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Representation
and Warranty |
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5.1 |
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Either party
makes the following representations, statements and warranties to the other
party: |
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(a) |
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Be an
independent legal entity that has been established and in existence by the
operation of laws; |
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(b) |
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Have
qualifications and capacity to undertake the cooperation project specified
under this agreement that is within its registered business scope; |
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(c) |
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Have fully
authorized its representative to sign this agreement; |
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(d) |
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Have competence
to perform all its obligations under this agreement and violate no
limitations of any legal document binding it thereto in executing such
obligations. |
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5.2 |
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Party B
guarantees as follows: |
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(a) |
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All information
provided to Party B to be genuine, accurate and legal without infringing any
legal right and interest of any third party; |
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(b) |
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Responsible for
settlement of any dispute arising from its breach of the above-said
warranties; |
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(c) |
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Liable for
indemnification in full amount for any and all losses incurred to Party A
resulted from its breach of the aforesaid warranties. |
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5.3 |
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Party A shall
compensate Party B in full amount for its any and all losses caused by Party
A’s violation of its warranties hereinabove. |
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6. |
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Force
Majeure |
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6.1 |
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