About this Document:
This one Joint Venture Agreement is drawn in general terms without specific reference to any industry for companies and firms keen on formalizing their relationship in a revenue sharing model of setting up Joint business venture.
The intention and purpose is to make the document suitable for covering International transactions, however, it can also be used for domestic version of a similar arrangement;
Who will use this document?
A person or company arranging terms for a Joint Venture business in a manufacturing or service industry in India.
Key features:
· consists of a large numbers of variables to suit various circumstances and address all eventualities;
· suitable for service providing and manufacturing industries;
· ready for adaptation to particular needs of either or both parties;
· comprehensive provisions; no short cuts;
· user friendly; drawn in plain and simple English.
This document includes provision for:
· Percentage of participation;
· Management;
· Duration and termination;
· Delegation of authority;
· Joint Venture Bank Accounts;
· Account books maintenance and audit;
· Dispute Resolution;
· Appropriate legal provisions - warranties, exclusions, indemnities, etc.
· Misc. provisions
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