Select Page

Joint Venture Agreements

Joint Venture Agreements

Joint Venture Agreements

An unincorporated joint venture for a specific project. Two joint venture partners join forces to complete a particular project. The agreement ensures the relationship is characterised as a joint venture and not a partnership, agency or trust. A management committee is constituted to undertake the business of the joint venture and represent each party.

 

The Joint Venture Areement covers the mechanics of the joint venture project including:

  • Meetings of the management committee
  • Voting rights of joint venturers
  • Decision making procedures
  • Appointment of a project manager
  • Mutual indemnity
  • Winding up of the joint venture.
  • apportionment of profits and losses.

Most variables are contained in a Schedule to the Joint Venture Agreement for ease of drafting.

9 pages long.

 

 

 


Incorporated Joint Venture

The joint venture partners form a company through which to run the joint venture. The agreement covers formation of the company by four joint venturers. The number can be varied to a greater or lesser number of parties. Includes

  • Contributions of each party
  • Issue of share capital and ownership of shares
  • Composition of a board of directors
  • Decision making procedures
  • Management
  • Financial reporting
  • Transfer of shares
  • Valuation of shares
  • Exit of a party and disposal of shares
  • Non-competition
  • Confidentiality
  • Dispute resolution

Parties may be either companies or natural persons.

 28 pages long.

 

 

You may also like:-

Binding Financial Agreement

 

Author

Kalde & Associates

Powered by Proof Factor - Increase Conversions With Social Proof Notifications
error: Alert: Content is protected !!