Article 31 Each party to a joint venture shall contribute in full the amount of its respective investment within the time limit stipulated in the joint venture contract.
The joint venture shall be dissolved according to the law and the joint venture contract if, after the contracted operation has ceased, the venture still fails to change its loss-making situation.
To draft, amend the Sino-foreign joint venture contract, Article of Association , decisions of the board, bylaw and help to go through all the procedures and so on.
The Chinese and foreign parties shall, in accordance with the agreement specified in the contractual joint venture contract, determine the ownership of the venture's property.
These four characteristics and the Supreme People's Court "on hearing the joint venture contract dispute case to answer a number of issues" are clearly reflected.
If a contribution is not made on time or is only partially made, interest on the late portion, or compensation for the loss, shall be payable in accordance with the provisions 'of the joint venture contract.
"After the foreign party has fulfilled its obligations under the law and the contractual joint venture contract, the profits it receives as its share, its other legitimate income and the funds it receives as its share upon the termination of the venture, may be remitted abroad according to law."
