Participant № 1- Company “……………." registration number: …………, represented by the Director: …………………, acting on the basis of the Charter, on the other hand, hereinafter collectively referred to as the “Parties”, and individually the “Party ”, have concluded this Cooperation Agreement (hereinafter referred to as the “CA”), acting on the basis of the Charter, on the one hand, as well as Participant № 2 – company “ ELECTTECH TRADE OÜ ”, represented by Viktor Tšerkašin, acting on the basis of the Charter, on the other hand, have concluded this CA as follows:
1. The Subject of the CA The Parties undertake, by combining their capabilities, including property, information, intellectual knowledge and experience, to act jointly without forming a legal entity for profit, or to achieve another economic goal that does not contradict the law.
General obligations of the parties
To solve commercial and production problems, the Parties intend to take joint actions to organize transactions related to the promotion of goods supplied by the international Suppliers.
For each specific transaction carried out in accordance with this CA, the Parties may conclude an additional agreement, which is an integral annex to this Agreement, which indicates the subject of the proposed transaction, the expected economic characteristics, the timing of its implementation, specific contributions and obligations of each party.
This CA is the basis for the Parties to enter into relations with third parties and (or) in the process of joint activities to conclude Civil Law Agreements with others.
When conducting joint commercial transactions, the Parties shall maintain accounting separately.
Contributions of the Parties and distribution of income from cooperation activities.
The contribution of the Participant is recognized as everything that he contributes to the common cause, including money, property, professional and other knowledge and skills, as well as business reputation and business relations, contracts with third parties that ensure the fulfillment of the tasks and goals.
The Parties, in order to fulfill their obligations, use the property on their balance sheet, offices, office equipment, funds to pay for their maintenance, communications, travel and representation expenses, payment for economists, lawyers, accountants, managers and other specialists involved in this work.
The parties agreed that the contributions of the parties under clauses 3.1, 3.2 for each transaction and the distribution do not require general accounting in cooperation activities.
The distribution of the Income will be carried out during the entire term of this Agreement.