Common use of OBJECTIVE OF THE PROJECT Clause in Contracts

OBJECTIVE OF THE PROJECT. 1.1 The purpose of this Agreement is to set out the basic principles on the basis of which the Parties will jointly develop and operate the Website so as to provide updated medical and healthcare information for free to the medical and healthcare professionals and general public in the PRC (the "PROJECT") with a view to: (a) remaining objective in the presentation of the website content and not endorsing any one third party organization over any other; and (b) maintaining the non-profit, altruistic vision intended by this Agreement and refraining the Website from accepting any contributions that require WJPF or the Website to endorse any particular product or company unless approval by the Advisory Committee as contemplated herein. (c) The website will be a non-profit website. The capital for building the website will be raised by WJPF through obtaining donations from local and overseas donors and the donated funds will be used in accordance with the requirements of the donors. 1.2 The Parties agree that if there is any spin-off business project from the Website, a contribution from the profits of such business project shall be made to WJPF in order to support its charitable projects.