Draft Your Joint Venture Agreement by Top Lawyers in India
Lawyer of E - Legal India can assist you to draft Joint Venture Agreement online. You don’t have to visit any office physically. + 2000 Joint Venture Agreements had been drafted so far.
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Lawyer of E-LegalIndia can assist you to draft Joint Venture Agreement online. You don’t have to visit any office physically. + 2000 Joint Venture Agreements had been drafted so far.
A joint venture is basically a tactical partnership in which two or more than two companies or individuals decides to put in products, services and capital to establish a commercial project.
The main key for success in joint venture in India is the compatibility and understanding between the contracting parties.
The associated parties must aim for a goal together and the conditions must be written in the clauses of Joint Venture Agreement. This can maintain the success of the collaboration in Indian scenario.
- Two or more parties must have the intension of getting involved in a partnership or a venture.
- Both the parties invest in the venture or according to the agreement.
- Each party is assigned with duties and rights as per the partnership.
- The terms of the agreement define the venture or the partnership that includes the agreement span and the share of the parties.
The two options available for establishing a joint venture in India are:
- Contractual joint venture
- Equity based joint venture
Benefits of a Joint Venture
- New insights and expertise
- Better resources
- It is only temporary
- Both parties share the risks and costs
- Joint ventures can be flexible
- There are ways to exit a joint venture
- International joint venture eradicates the risk of discrimination
- There are ways to exit a joint venture
- You will know what’s yours and will be able to sell it
- You are more likely to succeed
- You will build relationships and networks
- Your potential will virtually be limitless
- You get to save money by sharing advertising and marketing costs
