英译汉

（1） No one would commit the money without a complete picture of the scene. Now that we have the background, what are we going to paint on it? According to our pre-feasibility study, we are looking at a silk velvet joint venture of moderate scale, right?

（2） We agree, but the know-how we promise to transfer to the joint venture company is what we are adopting in our production at the moment, and you’ll pay for it in the form of royalties apart from a certain initial down payment, right?

（3） As to the price of technology, the minimum generally accepted is 5 percent of the sales

price of all licensed items made and sold during the term of the agreement, in addition to

an initial down payment of USD100,000.

（4） The initial down payment cannot be reduced, but we may consider lowering the royalty

rate a little bit. In addition, even the sum of USD100,000 hardly covers all the expenses spent on technological information, drawings, personnel training, etc.; not to mention the traveling expenses we’ll have to pay for this job of technology transfer.