Importance of Joint Venture Agreement

A joint venture (JV) contract is filed by a crew of people or companies to venture into business together or to partner on a specific assignment without ruining their respective legal status. This contract precisely binds both the parties legally and defines the scope of mutual effort and disparity, and facilitates provisions for sharing the gains and enterprising operations. Generally, before getting into a legal contract such as this, the consenting groups roll out an MoU.

Benefits of a Joint Venture Agreement

Minimal Liability

A Joint Venture contract permits you to do trade with another entity while going on to function as an individual legal identity. So, it is generally thought to be a minimal liability alternative for businesses in which 100% FDI is acknowledged. JV contracts have created huge achievement accounts in the Indian trade sectors, such as Hero Honda, where the Joint Venture was between the Honda company from Japan and Hero Motors from India.

Gateway to New Avenues

A JV Agreement allows you to access newer markets and resources, and ensures the sharing of risk, without any of the disadvantages of operating as a single entity.

Joint Venture Agreement Process

3 Business Days

Upon contact, your request to file for a legal notice will be received and our representative will be in touch with you to take your request forward. If we need more information from your end, we will call you as and when required. After we receive all your details, our in-house lawyers and legal experts, will create the legal notice and send it across for your view within 2- 4 business days.

2 Business Days

Your original price includes two rounds of iterations. Therefore, if you need any changes done to the legal notice, our lawyers will do the needful and send it across to you for your view once again.

Why Vakilsearch

Legal Experts at your Reach

We connect you to verified expert lawyers, who will work on your documents until you're completely happy. You can track the progress on our platform at all times.

9.1 Customer Score

Clients are delighted with our service! They have consistently rated us highly because of our focus on simplifying legal requirements and providing regular updates.

200+ Strong Team

Our team of experienced business advisors are just a phone call away, should you have any queries about the process. Our team will ensure that your interaction with professionals is smooth and seamless.

  • Happy customers
  • Logo of VakilSearch premium customer Indiaproperty
  • Logo of VakilSearch premium customer iBlueBottle
  • Logo of VakilSearch premium customer Sulekha
  • Logo of VakilSearch premium customer