Model Format of Joint Venture/Share Holders Agreement

Model Format of Joint Venture/Share Holders Agreement

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Joint Venture/Share Holders Agreement
Joint Venture/Share Holders Agreement

MODEL OF A JOINT VENTURE/SHARE HOLDERS AGREEMENT BETWEEN TWO COMPANIES HOLDING EQUAL SHARES IN THE JOINT VENTURE COMPANY TO BE INCORPORATED FOR A PARTICULAR PROJECT THIS AGREEMENT executed at_______________ on the day of___________________ BETWEEN: M/S. ABC PRIVATE LIMITED. (herein after referred to as the “ABC”, which expression shall, wherever the context so requires or admits, mean and include, its successors and assigns). A N D: M/S.XYZ PRIVATE LIMITED, (here in after referred to as the “XYZ “, which expression shall, wherever the context so requires or admits, mean and include, its successors-in-title and assigns);
WITNESSES AS FOLLOWS:
I. WHEREAS ABC is engaged in business of ________ and have the necessary
experience and expertise in that field;
II. WHEREAS the XYZ are doing ________________________ and have the
necessary experience and expertise in that field;
III. WHEREAS the parties hereto have decided to float a project of
___________________ ( hereinafter referred to as the “PROJECT”);
IV. WHEREAS ABC and XYZ both having the necessary infrastructure and the capabilities of providing the services required for the project have agreed to form a Joint Venture Company for the Project and ABC and XYZ are desirous of entering into an Agreement for constituting Joint Venture Company in terms hereof;
V. WHEREAS the Parties hereto for the said Project have decided to form a Joint Venture Company and whereas subject to all necessary consents, licences, permissions and authorities to be procured for the formation and incorporation of the joint venture Company in the State of India, with the principle object, inter alia, being that of ________;
VI. WHEREAS ABC and XYZ are desirous of recording the Agreement with regard thereto and the agreement arrived at between them;….

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