Model Format of Agreement of Collaboration to Establish a Factory (Formation of...

Model Format of Agreement of Collaboration to Establish a Factory (Formation of a new Company)

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Model Format of Agreement of Collaboration to Establish a Factory (Formation of a new Company)
Model Format of Agreement of Collaboration to Establish a Factory (Formation of a new Company)

This Agreement is made the … day of ……………. 2000, between M/s. ABC & Co. Ltd., a company Incorporated in India and having its business address at ……………………… (hereinafter called ‘the Local Company’ of the One Part And M/s. XYZ and Co. Ltd., a company Incorporated in .………………… and having its registered office at ………………………………….. (hereinafter called the Foreign Company’) of the Other Part.

Whereas the Local Company is carrying on the business. inter alia of manufacturing … for export. the foreign company Is carrying on the business inter alia in the manufacture of .…………………….

And Whereas the parties hereto have, after several consultations with each other shown the intention to co-operate with each other and enter into a joint venture relationship for the manufacture of … (hereinafter referred to as ‘the Product’) for the consideration and upon the terms and conditions herein contained.

And Whereas pursuant to the aforesaid intention of the parties hereto they propose to procure the formation of a Limited Company in India known as .………………..under the Indian Companies Act, 1956, (hereinafter called ‘the Company’) which would have an authorised share capital of Rs. …………… (Rupees …………………… ) divided into ……… ordinary or equity shares of Rs…………..each and an issued share capital of Rs. ……………….

Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here

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