All You Need to Know About Starting a Company
What is a Joint Venture Agreement?
A joint venture (JV) agreement is a contract between a group of persons or companies to do business together or to collaborate for a particular project without losing their individual legal identities. This type of agreement is legally binding and clearly lays down the areas of cooperation and divergenceand makes provisions for profit-sharing and operations. A Memorandum of Understanding (MoU) will be signed generally before entering into this legally binding agreement.
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GuideSkillAdvantages of a Joint Venture Agreement
Low Risk
With the help of a JV agreement, you can get involve in business with another partywhile you can continue to work with your individual legal identity. Therefore, a joint venture is considered as a low-risk option for sectors in which 100% FDI is allowed.
Access of New Markets
With the help of a JV agreement, you will have access to newer markets and avenues. It will make sure the sharing of risk without any of the disadvantages of operating as a single entity.
Joint Venture Agreement Procedure
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3 WORKING DAYS
Our representative will contact you to understand your requirements, once you get in touch with us. We will also contact you if more details are needed. We will connect you to a verified lawyer once we get all the required information. Our lawyers who will prepare the draft and send it to you for review within 3 to 4 working days. -
2 WORKING DAYS
After reviewing the draft, if you have any clarifications or changes to make, the assigned lawyer will discuss it with you and implement them. Two rounds of such modifications will be provided at no extra cost.
