Case Study Contract With Baalrampur Chini Mills Ltd
Contract with Balrampur Chini Mills Ltd IMPORTANT NOTICE / DISCLAIMER This Contract is fictitious and prepared for the study purpose of the students of IIT Delhi.
It does not have any legal authenticity and is not valid in the court of law or any part of India. Memorandum of Understanding This Memorandum of Understanding is executed at Ahmedabad on this 16.05.2016 by and between
Balrampur Chini Mills Ltd., a private limited company incorporated under the provisions of the Companies Act, 2013 on dated 14 July 1975 bearing CIN No.
L15421WB1975PLC030118 , having its registered office at 234/3A A J C BOSE ROAD FMC FORTUNA 2ND FLOOR KOLKATA WB 700020, hereinafter referred to as “BCML”, represented through Mr. XXXXXX, being its director …show more content…
USL will produce the alcohol and BCML can assist maximizing the ethanol production in the fermentation process and surplus sugar can be provided back to BCML to support their other alliances.
Or
BCML and USL can jointly create a new brand where BCML can provide technology to reduce raw material cost and the bottle cost and USL can share the technology to produce a low cost beer for lower income group.
USL will use their technical know-how for the premium alcohol formula to create the products and BCML will enable the development of enhanced value-added products as per the specifications laid down by both USL and BCML together. BCML can laid down rules for the production machinery and their share of sugar produce, while USL will keep its technology protected and will hire BCML staff on contractual basis for the production work.
USL will also perform the work and service of procurement of requisite goods, materials and equipments, to the invoiced in its name, from the vendors as may be directed by BCML;
In addition to the above, USL will also perform after sales service including spares and wears, advisory services, maintenance services …show more content…
D) Commissioning assistance It is agreed that USL will follow the below mentioned general time schedule for performance and completion of its scope of work as agreed herein:
A) Basic engineering including test work to be completed within 10 months from the date thereof.
It is agreed that a detailed time schedule will be discussed and finalized during the period of basic engineering phase.
Upon execution of this MOU, USL shall commence the work of technical and conceptual design of the industrial unit/plant and shall provide and submit to BCML the progress report thereof including the plans, layouts, drawings etc.
This MOU is at-will and may be modified/rectified/amended by mutual consent of BCML and USL. This MOU shall become effective upon signature by the authorised representatives from BCML and USL and will remain in effect until modified or terminated by any party hereto or execution of the detailed Technical Collaboration Agreement/Engineering and Services Works Contract as above, whichever is earlier.
For the purpose of effective communications between the parties, the following contact information has been agreed
It does not have any legal authenticity and is not valid in the court of law or any part of India. Memorandum of Understanding This Memorandum of Understanding is executed at Ahmedabad on this 16.05.2016 by and between
Balrampur Chini Mills Ltd., a private limited company incorporated under the provisions of the Companies Act, 2013 on dated 14 July 1975 bearing CIN No.
L15421WB1975PLC030118 , having its registered office at 234/3A A J C BOSE ROAD FMC FORTUNA 2ND FLOOR KOLKATA WB 700020, hereinafter referred to as “BCML”, represented through Mr. XXXXXX, being its director …show more content…
USL will produce the alcohol and BCML can assist maximizing the ethanol production in the fermentation process and surplus sugar can be provided back to BCML to support their other alliances.
Or
BCML and USL can jointly create a new brand where BCML can provide technology to reduce raw material cost and the bottle cost and USL can share the technology to produce a low cost beer for lower income group.
USL will use their technical know-how for the premium alcohol formula to create the products and BCML will enable the development of enhanced value-added products as per the specifications laid down by both USL and BCML together. BCML can laid down rules for the production machinery and their share of sugar produce, while USL will keep its technology protected and will hire BCML staff on contractual basis for the production work.
USL will also perform the work and service of procurement of requisite goods, materials and equipments, to the invoiced in its name, from the vendors as may be directed by BCML;
In addition to the above, USL will also perform after sales service including spares and wears, advisory services, maintenance services …show more content…
D) Commissioning assistance It is agreed that USL will follow the below mentioned general time schedule for performance and completion of its scope of work as agreed herein:
A) Basic engineering including test work to be completed within 10 months from the date thereof.
It is agreed that a detailed time schedule will be discussed and finalized during the period of basic engineering phase.
Upon execution of this MOU, USL shall commence the work of technical and conceptual design of the industrial unit/plant and shall provide and submit to BCML the progress report thereof including the plans, layouts, drawings etc.
This MOU is at-will and may be modified/rectified/amended by mutual consent of BCML and USL. This MOU shall become effective upon signature by the authorised representatives from BCML and USL and will remain in effect until modified or terminated by any party hereto or execution of the detailed Technical Collaboration Agreement/Engineering and Services Works Contract as above, whichever is earlier.
For the purpose of effective communications between the parties, the following contact information has been agreed