ARTICLE 1 DEFINITIONS

ARTICLE 1
DEFINITIONS

For the purpose of this Agreement the meanings of the terms used therein are as follows:

1. The term "investment" refers to any kind of asset, invested by the investors of one Contracting Party in the territory of the other Contracting Party in accordance with the laws and regulations of the latter Contracting Party including the following:

(a) movable and immovable property as well as property rights related thereto;

(b) shares or any kind of participation in the capital of companies;

(d) intellectual property rights such as, in particular, copyrights, patents, utility models, industrial designs, trade marks and names and know-how;

(e) rights conferred by law or under contracts in accordance with the laws and regulations of the latter Contracting Party such as rights to explore, develop, extract and exploit natural resources.

Any changes in the form of an investment shall not affect its character as investment as long as such changes do not contradict the laws and regulations of the latter Contracting Party.

2. The term "investor" in respect of either Contracting Party refers to:

(a) natural persons who according to the laws and regulations of that Contracting Party are nationals of its State and do not have the nationality of the State of the Contracting Party in the territory of which the investments have been made;

(b) legal persons which are established under the laws and regulations of that Contracting Party and have their seats in the territory of that Contracting Party.

3. The term "returns" refers to the amounts yielded by an investment including profit derived from investments, dividends, royalties and fees.

4. The term "territory of a Contracting Party" refers to the territory of the Russian Federation or the territory of the Islamic Republic, of Iran, as the case may be.

5. The term "laws and regulations of a Contracting Party" refers to the laws and regulations of the Russian Federation or the laws and regulations of the Islamic Republic of Iran, as the case may be.

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	Agreement between the Government of the Russian Federation and the Government of the Islamic Republic of Iran on Promotion...