JOINT VENTURE AGREEMENT

ABOUT JOINT VENTURE AGREEMENT

A joint venture is generally understood as a technical and financial cooperation in the form of a project, acquisition, or alliance with an existing company.Indian Joint Ventures generally consist of two or more individuals/company, one of which may be non-resident, and combine to form an Indian Private/Public Limited Company with an agreed-upon stake in the common capital. Joint Venture Agreements primarily provide a way for shareholders of a joint venture to transfer or dispose of  shares. Joint Ventures may take the form of companies, partnerships or joint work agreements. As a whole, the joint venture has the following characteristics -

1. A Partner's contribution to a Joint Venture in money, property, effort, knowledge, skill or other assets.

2. Sharing of common property for corporate purposes.

3. Right to mutual control or management of the enterprise.

4. Right to Share Property.

Joint Venture Agreement is a legal document in which two or more legal entities combine to conduct business or conduct economic activities.The parties agree to create a new enterprise by contributing capital and distributing income, expenses and control over the enterprise in proportion to their contribution to the capital. A company can only be associated with one specific project  or ongoing business relationship.

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