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Our team of experienced lawyers can draft a watertight Joint Venture Agreement entirely online. No need for in-person visits. We've successfully drafted over 2,000 agreements – let us help you too!
A joint venture is a strategic partnership where two or more companies or individuals agree to combine their products, services, and capital to establish a commercial project.
The key to a successful joint venture in India is the compatibility and mutual understanding between the contracting parties. The parties involved must have a common goal, and the terms should be clearly outlined in the Joint Venture Agreement to ensure the collaboration's success in the Indian context.
- Two or more parties must intend to form a partnership or venture.
- Both parties must invest in the venture according to the agreement.
- Each party is assigned specific duties and rights as outlined in the partnership.
- The terms of the agreement define the venture or partnership, including its duration and the parties' shares.
Why Consider a Joint Venture?
- Gain New Expertise and Insights
- Access Broader Resources
- Limited Duration - Maintain Independence
- Shared Risks and Costs
- Flexible Structure for Changing Needs
- Clear Exit Strategies Available
- Retain Ownership and Transferability
- Increased Chances of Success
- Expand Your Network and Relationships
- Greater Potential and Reach
- Cost Savings Through Shared Marketing
- Reduced Risk of International Bias (for International JVs)
How We Work?
01
Fill the Form & Make the Payment
02
Get a Call from Expert Legal Team
03
Lawyer Will Get All the Necessary Information from You
04
Draft Will Be Created by the Expert Team of Lawyers
05
Deed Will Be Sent to You for Approval
06
After Approval You Will Be Able to Download the Deed
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Frequently Asked Questions (FAQs)
In most jurisdictions a Joint Venture Agreement is legally binding. It can be used in court for seeking damages if either party consents on the terms of the contract.
Yes, Joint Venture is a contract and falls under the definition of a contract. It is a contract between two or more business entities for a fixed period of time. This contract binds a legal obligation to the members who entered in the contract in true and fair conscience.
A prominent book of account can help a joint venture by representing the true and fair view of its finances. It would also enable the parties to take better financial decisions. Prominent book-keeping would also help in maintain abnormal cash outflows and other mishaps.