Joint Venture Agreement

4.6

85 - Reviews

Joint Venture Agreement

188 People purchased

Joint Venture Agreement

4.9 (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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