Model Format of Joint Venture Agreement

Model Format of Joint Venture Agreement

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Model Format of Joint Venture Agreement
Model Format of Joint Venture Agreement

Joint Venture Agreement

THIS JOINT VENTURE AGREEMENT is made at ________, India on ______day
of_______20___ between_________________, (mention type of entity) registered in India, under (mention statute under which entity is registered) and having its registered office at__________________________ INDIA, hereinafter referred to as the “Party of the First Part” (which expression shall unless repugnant to the context include the Party of the First Part’s permitted successors and assigns) AND ______________,incorporated under ___(mention statute under which entity is registered) ,_______, and having its Registered Office at _____________________, INDIA hereinafter referred to as “Party of the Second Part” (which expression shall, unless repugnant to the context include the Party of the Second Part’s permitted successors and assigns).

WHEREAS the Party of the First Part is engaged in (mention type of business i.e. manufacture, sale and distribution) of (name of item in which entity is dealing)_ in India.

WHEREAS the Party of the Second Part is engaged in (mention type of business i.e.
manufacture, sale and distribution) of (name of item in which entity is dealing)_ in India.
AND WHEREAS the Party of the First Part and the Party of the Second Part have entered into an Agreement for the purposes of expanding their business by setting up of a Joint Venture Company (hereinafter called the “JVC”) to be set up in India for the purposes of manufacturing, exporting and distributing ______________________.

IN CONSIDERATION of mutual agreements and undertaking hereunder set out the parties to this agreement have granted the rights and accepted the obligations as follows:

1. The Party of the Second Part and the Party of the First Part shall undertake to incorporate and form a company (hereinafter called the Joint Venture Company (“JVC”) to be registered in India under the Companies Act, 2013 by the name of _____________…..

 

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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