Elements of Joint Venture Deed
The below mentioned elements must be mentioned in the Joint Venture Agreement.
Appropriate law,
Shareholding arrangement,
Formation of board of directors,
Committee for Management,
The location and regularity of board meeting and general meeting,
How, important decisions can be taken in Board Meeting,
Share Transfer Measurements,
Profit sharing strategy,
Work of assets in real money or liquid money,
Change in Management,
Restriction/prohibition on assignment,
Non-compete parameters,
Covertness and restitution.
Benefits of Joint Venture
New insights and expertise,
Better resources,
It is only temporary,
Both parties share the risks and costs,
Joint ventures can be flexible,
There are ways to exit a joint venture,
You will know what’s yours and will be able to sell it,
You are more likely to succeed,
You will build relationships and networks,
Your potential will virtually be limitless,
