Certainly, here's a detailed negotiation dialogue in English from the beginning for a joint venture producing Vitamin C in Beijing:
Mr. Smith (Far East Investment Corporation): "Good morning, Mr. Lin Lu! It's a pleasure to meet you again. We've looked over your proposal about our potential Joint Venture (JV) and we're excited to dive into the details."
Mr. Lin Lu (Jiyaun Medicine Corporation): "Good morning, Mr. Smith! We at Jiyaun are equally enthusiastic. I think this is going to be a great partnership between our companies. Where would you like to start?"
Mr. Smith: "Let’s begin with the equity structure of our JV. Far East Investment Corporation (FIC) proposes a 50-50 stake distribution. This ensures both parties have equal management rights and representation, and we believe it reflects well on the partnership."
Mr. Lin Lu: "We appreciate the fairness of your proposal. This aligns with our thoughts on the matter. A balanced equity share is the best way to ensure both companies are aligned and working towards common goals. So, we agree to a 50/50 split."
Mr. Smith: "Excellent. Next, let's discuss technology transfer. FIC is ready to share its proprietary production methods with the JV. Are there specific technologies you'd like to transfer from Jiyaun to the JV? What are the terms you have in mind?"
Mr. Lin Lu: "We have several patented technologies that would significantly enhance the efficiency of your production line. We would be open to transferring these under a tech cooperation agreement that protects our intellectual property (IP) rights while allowing us to contribute to the success of the JV."
Mr. Smith: "That sounds reasonable. I completely agree on protecting IP rights. Our legal team will draft terms that ensure technology is used and shared responsibly within the JV. Could we propose setting up a joint committee for technology transfer and oversight?"
Mr. Lin Lu: "An excellent idea, Mr. Smith. A joint committee will help us coordinate the technology transfer smoothly and ensure no misunderstandings arise during implementation. How do you suggest