The conditions set forth by LT Investment Group Company immediately placed both Huaxia Group and Longxi Province in an awkward predicament. Collaborating on project-related issues was manageable, but in other aspects, there were complications. When LT Investment Group Company purchased Hummer and Oldsmobile, they had already signed numerous agreements with General Motors. These agreements gave LT Company the right to use a variety of modern automotive patents and to authorize their use by its joint-venture subsidiaries.
One should not underestimate this power; in other words, with the endorsement of General Motors, LT Company was, in fact, no different from those first-rate enterprises that possessed numerous automotive patents.
Of course, LT Company was not entitled to receive any patent usage fees. Nevertheless, even so, this was no small feat. Nie Zhenbang was unaware of the cost Tenglong had to pay for this condition.
