{ "docId": "019dd923-622c-750b-8b96-0238cb402647", "docSlug": "0900eea60013", "documentTitle": "New Oriental Education & Technology Group (EDU)", "authorId": "51_Muddy_Waters", "authorName": "Carson Block", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2012-07-18 00:00:00", "orientation": "portrait", "aspectRatio": 0.7070758, "pageNumber": 49, "pageCount": 97, "prevPage": 48, "nextPage": 50, "slideType": "other", "function": "other", "density": "dense", "nDataPoints": 3, "notes": "This appears to be a page from a franchise or licensing agreement between 'Party A' (likely New Oriental) and 'Party B'.", "elementsJson": [ "paragraph" ], "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b96-0238cb402647/49", "deckHref": "/decks/019dd923-622c-750b-8b96-0238cb402647", "deckJsonHref": "/decks/019dd923-622c-750b-8b96-0238cb402647.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-0238cb402647#slide-49", "components": [ { "bbox": null, "kind": "callout", "text": "Party B voluntarily accepts the management, direction, and guidance of Party A, shall strictly adhere to the educational ideas, safeguard the brand, refer to the management model, instructional model, and accept Party A's supervision over the quality management of the school.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-e6ec-7186-b7ca-58a9b7bf19c2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.32, "w": 0.72, "x": 0.14, "y": 0.6 }, "kind": "paragraph", "text": "3.2.3 In order to smoothly develop the cooperative educational institution, the school location / training site selected by Party B shall not be located in a space smaller than 1000 m², and with usage space of less than 80%, and should be inspected and approved by Party A. In order to ensure that New Oriental and POP Kids training centers smooth development, Party B shall guarantee within the term of this agreement, that it will during each operational year in ________ city's operational area increase the number of schools by at least one school, with an educational training area of not less than 500 m², B's educational site shall request Party A's code number, the new appointments for the responsible person for the educational site and general manager shall be reviewed and approved by Party A, and shall not take effect or be used until after Party A has provided its approval. If Party B does not comply with these requirements in establishing a new educational site, then Party B shall pay to Party A one hundred thousand (100,000) RMB as a fine for the violation.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "03016dec-7fcd-457d-b607-fed8f4cfd343", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.6, "x": 0.26, "y": 0.09 }, "kind": "paragraph", "text": "9. Party B experiences other major events which could produce a major impact on its operations (including fire, flood, or natural disaster). 10. If Party B's ownership structure experiences a change, then prior to such change Party B must apply for approval to Party A in written form; only after approval has been provided shall such changes be eligible to take effect.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3c197f66-1480-4a64-826a-b3562e05496c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.72, "x": 0.14, "y": 0.34 }, "kind": "paragraph", "text": "3.2.2 Party B voluntarily accepts the management, direction, and guidance of Party A, shall strictly adhere to the educational ideas, safeguard the brand, refer to the management model, instructional model, and accept Party A's supervision over the quality management of the school and the information and support provided by Party A. Party B must use the enrolment system provided by Party A, accurately record the data entries, and moreover accept Party B's remote monitoring, and to ensure that Party B's data is secure and without leakage, Party B has the right to request a data transfer at any time, for the purpose of monitoring the quality of the services provided by its schools. If Party B refuses to use the registration system or otherwise is unable to maintain a normal operation and steady use of the enrollment system, then the agreement shall automatically terminate and Party A shall retain all of the brand licensing fee as well as the Performance Guarantee Bond.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7b022025-135b-47d8-a4bb-43d28e07d094", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.72, "x": 0.14, "y": 0.25 }, "kind": "paragraph", "text": "3.2.1 Within 3 months of signing the agreement, Party B shall establish a full-time teaching department and operations department, of which selection of the head of the school and the school manager shall be first reviewed and mutually agreed upon by both Party A and Party B, and only after found to be acceptable shall be eligible to assume their posts.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "978707a7-1a03-4025-a403-1a7760ef5559", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.3, "x": 0.14, "y": 0.21 }, "kind": "title", "text": "3.2 Operations Management", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "840bc9be-120a-468e-bb22-1a74d6f8691e", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }