Such an agreement is legally binding and clearly lays down the areas of cooperation and divergence, and makes provisions for profit-sharing and operations.
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A Joint Venture Agreement is signed between organizations that form a partnership
and wish to enter into a legally binding contract. It covers the areas of
cooperation and divergence, stating crucial details related to sharing profits.
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A joint venture (JV) agreement is filed by a group of people or companies to venture into partnership over a venture or a project, without it affecting their respective legal status. The Joint Development Agreement legally binds both parties, and defines the scope of mutual effort, disparity, and facilitates provisions for sharing the gains and enterprising operations. Generally, an MoU (Memorandum of Understanding) is created between the parties involved, before getting into a joint development agreement.
A Joint Venture Agreement permits a business to work with another entity while functioning as an individual legal identity. Hence, it is a minimum liability alternative for businesses in which 100% of FDI has been employed.
A Joint Venture Agreement allows you to access new markets and resources and ensures that the risk is shared, without any of the disadvantages involved in operating as a single entity.
It begins with the request to prepare a Joint Venture Agreement. The requisite details are collected from the client. Our in-house lawyers and legal experts create the Joint Venture Agreement and send it across to the client for verification, within 2- 4 business days.
When drafting a Joint Venture Agreement, two rounds of iterations are included in the original price of preparing the contract. Once these changes are made the Joint Venture Agreement will be sent to the client for verification.
We provide access to reliable professionals and coordinate with them to fulfill all your legal requirements. You can also track the progress on our online platform, at all times.
By handling all the paperwork, we ensure a seamless interactive process with the government. We provide clarity on the incorporation process to set realistic expectations.
With a team of over 300 experienced business advisors and legal professionals, you are just a phone call away from the best in legal services.
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