Introduction of Appropriate Advanced Technology. (a) Each of the Parties shall wherever possible introduce to the Joint Venture appropriate advanced equipment, technology and managerial experience necessary for efficient and productive conduct of the Operations. The general manager shall ensure that Joint Venture employees and contractors engaged by the Joint Venture receive training to ensure their comprehension and efficient deployment of such technology and management practice in the context of Operations to be undertaken. (b) The technology transfer envisaged by paragraph 12.4.2 (a) above shall not require either Party capable of transferring technology to disclose or introduce restricted proprietary know-how, patents or other commercially confidential information to the Joint Venture. However, wherever possible a Party which intends to transfer technology shall endeavour to have the Joint Venture licensed to use technology appropriate to the Operations, subject always to the prior approval of the proprietor of such technology. Costs and expenses incurred by the Joint Venture in the course of its personnel training program under sub-sections 12.5.1 and 12.5.2 shall be charged to Project Expenditure.
Appears in 2 contracts
Sources: Joint Venture Contract (Minco Mining & Metals Corp), Joint Venture Agreement (Minco Mining & Metals Corp)