Joint Venture Agreement
4.4
85 - Reviews
Joint Venture Agreement
188 People purchased
Joint Venture Agreement
4.3 (85 - Reviews)
188 People purchased
How It Works
Understand the service & proceed for booking
Provide basic details and proceed for payment
After payment completion, We will call you to discuss the requirement
Your service will be delivered within agreed turnaround time
Understand the service & proceed for booking
Provide basic details and proceed for payment
After payment completion, We will call you to discuss the requirement
Your service will be delivered within agreed turnaround time
Meaning
A Joint Venture (JV) Agreement is an agreement between a minimum of two business entities or individuals entering the business relationship. By joining forces, the parties hope to achieve mutual targets.
Types Of Joint Venture:
Contractual Joint venture
A contractual joint venture is when two separate businesses sign an Agreement that outlines their common purpose and how they’ll work together
General Partnership
When the partners agree to share in the profits and losses from the project. Each party is jointly and severally liable for the obligations of the partnership.
Advantages & Disadvantages
|
Advantages |
Disadvantages |
|
More financial, technical, and human resources |
Imbalanced resources, expertise, or investment |
|
Access to new markets and distribution channels |
Chance of disputes (especially if partners are also competitors) |
|
Larger capacity for new projects and products |
Differences in management style or workplace culture |
Laws Governing Joint Venture Companies And Agreement:
- Companies Act, 2013 and various rules framed thereunder
- Partnership Act, 1932
- LLP Act, 2008
- The Indian Contract Act, 1872
- Foreign Exchange Management Act, 1999
- Consolidated FDI Policy, 2020
- RBI Policies
- Competition Act, 2002
- SEBI Guidelines (in case of listed company)
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