Information

A joint venture agreement is an arrangement where two companies enter into an agreement to work together on a particular project and develop a new entity for their mutual benefit without losing its legal existence. It normally involves a sharing of resources, which could include capital, personnel, physical equipment, facilities or intellectual property such as patents. Such an agreement is legally enforceable and mutually agrees for collaboration and deviation, and makes provisions for profit-sharing and operations. Joint Venture Agreements is most important document while entering into joint venture among the companies. The Article of Association and Memorandum of Association change according to the Joint Venture Agreement, if the Joint Venture Agreement provides such clause. Cokaco trustworthy expert will assists you to fulfill all your legal requirements.

Features of Joint Venture :-

  • A JV Agreement allows you to access an opportunity to gain knowledge of new things, gain insight and expertise from another entity
  • A JV Agreement allows you to enter into business with another party to share Risk, Cost and Rewards
  • A JV Agreement provide an access for you to new markets and distribution networks
  • A JV Agreement avoid any conflicts or misinterpretation of any terms & condition of the arrangement
  • A JV Agreement provide access to greater resources, including specialised staff, technology and finance

General Clauses in a Joint Venture Agreement :-

  • Object and scope of the Joint Venture
  • The composition of the board and management agreements
  • Specific obligations
  • Provisions for distribution of profits
  • Transferability of shares in different circumstances
  • Casting vote provisions
  • Appointment of CEO / MD
  • Change of control / exit clauses
  • Anti-compete clause
  • Equity participation by local and foreign investors and agreement to a future issue of capital
  • Management Committee
  • Financial arrangements
  • Remedying a deadlock
  • Termination
  • Restrictive covenants on the company and the participants
  • Confidentiality
  • Indemnity Clause
  • Assignment
  • Dispute Resolution
  • Applicable law
  • Force Majeure etc
Information

A joint venture agreement is an arrangement where two companies enter into an agreement to work together on a particular project and develop a new entity for their mutual benefit without losing its legal existence. It normally involves a sharing of resources, which could include capital, personnel, physical equipment, facilities or intellectual property such as patents. Such an agreement is legally enforceable and mutually agrees for collaboration and deviation, and makes provisions for profit-sharing and operations. Joint Venture Agreements is most important document while entering into joint venture among the companies. The Article of Association and Memorandum of Association change according to the Joint Venture Agreement, if the Joint Venture Agreement provides such clause. Cokaco trustworthy expert will assists you to fulfill all your legal requirements.

  • A JV Agreement allows you to access an opportunity to gain knowledge of new things, gain insight and expertise from another entity
  • A JV Agreement allows you to enter into business with another party to share Risk, Cost and Rewards
  • A JV Agreement provide an access for you to new markets and distribution networks
  • A JV Agreement avoid any conflicts or misinterpretation of any terms & condition of the arrangement
  • A JV Agreement provide access to greater resources, including specialised staff, technology and finance
  • Object and scope of the Joint Venture
  • The composition of the board and management agreements
  • Specific obligations
  • Provisions for distribution of profits
  • Transferability of shares in different circumstances
  • Casting vote provisions
  • Appointment of CEO / MD
  • Change of control / exit clauses
  • Anti-compete clause
  • Equity participation by local and foreign investors and agreement to a future issue of capital
  • Management Committee
  • Financial arrangements
  • Remedying a deadlock
  • Termination
  • Restrictive covenants on the company and the participants
  • Confidentiality
  • Indemnity Clause
  • Assignment
  • Dispute Resolution
  • Applicable law
  • Force Majeure etc