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Joint Venture

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Joint Venture

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People purchased

256 People purchased

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JOINT VENTURE

Joint Venture (“JV”) is one of the most interesting kinds of business arrangement, where two or more parties come together and pool their resources in order to accomplish a specific task.

 

A JV could take various forms such as incorporating a completely new entity or merely entering into a contractual arrangement; it could be for a long term or for a limited duration in order to fulfil a strategic purpose.

 

JVs are thus highly flexible and floated structures depending upon the considerations and objectives of the participants.

Contents of Joint Venture Agreement

The following questions must be clearly expressed in the J.V Agreement:-

  • What is the object and scope of the JV?
  • How would financial arrangements be made? 
  • Would a partner contribute anything apart from cash?
  • How much would be the stake of each partner to the JV? 
  • What is the composition of the board and management arrangements? 
  • What are the specific obligations of the parties?
  • What are the condition precedent and condition subsequent?
  • What is the provision for distribution of profits? 
  • How would the shares be transferred under different circumstances? 
  • How would a deadlock be remedied? 
  • How and circumstances under which the JV would be terminated? 
  • What is the provision for future issues of capital?
  • What are the restrictive covenants on the company and the parties?
  • How would the CEO/MD be appointed?
  • Equity participation by local and foreign investors;
  • Casting vote provisions;
  • Change of control/exit clauses;
  • Anti-dilution rights;
  • Drag Along/ Tag Along rights;
  • Anti-compete clauses;
  • Confidentiality or NDA clause;
  • Indemnity clauses;
  • Dispute Resolution clause;
  • Applicable law;
  • Force Majeure etc.

Laws governing Joint Venture Agreements in India

The different laws which govern various aspects of JV Agreement in India are as follows:

  • Companies Act, 2013 and various rules framed thereunder
  • Partnership Act, 1932
  • LLP Act, 2008
  • The Indian Contract Act, 1872
  • Foreign Exchange Management Act, 1999
  • Consolidated FDI Policy, 2020
  • RBI Policies
  • Competition Act, 2002
  • SEBI Guidelines (in case of listed company)

Why LegalKart?

  • Senior Expert Lawyers: We will get your document drafted/reviewed by Senior Expert Corporate & Business lawyers. You can track the progress of your document on our platform at all times.
  • 4.5 Customer Score: Clients are delighted with our service! They have consistently rated us high because of our focus on delivering quality output and providing regular updates.
  • Responsible Delivery: Our team of experienced business advisors are just a phone call away. Our team will ensure that your interaction with the expert lawyer is smooth and seamless and the document draft is delivered to you within the committed timeline.

 

Deliverables

Our standard deliverables for every document drafting includes:

  • 60 Minutes of Talk-Time with the Lawyer for drafting/reviewing the Agreement
  • First draft of the documents will be delivered to you within a maximum of 2 working days
  • Post-delivery of the first draft – Iterations in the master Document to incorporate your suggestions/changes

Startup Documents

Joint Venture

₹5999

₹ 12999 (46% Off) ₹7000 Save

Gross Total

₹5999

Deliverables *

a) Detailed discussion with the Lawyer to understand your JV related transaction. 

b) Experienced business law expert Lawyer will draft the JV agreement. 

c) Final discussion call to add suggestion you may have. 

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Frequently Asked Question

What are the benefits of Joint Venture?

A JV is a very lucrative arrangement as it offers an enormous amount of benefits by which the parties to the JV could gain. The JV could be a beneficial arrangement in the following ways:

 

  • Leveraging of strength & resources available with both the parties;
  • Creating a platform to attain the business goals which are otherwise difficult or uneconomical to achieve independently; 
  • Access to newer markets or segments;
  • Strengthen position in the existing markets; 
  • Diversify into new businesses; 
  • Gives competitive advantages;
  • Shares the risk or initial losses associated with a new business;
  • Allows the business to expand with a smaller amount of capital.

 

What are the different ways in which a Joint Venture can be structured?

A JV can be structed in the following ways:-

 

1. Company

2. Partnership Firm

3. LLP

4. Strategic Alliance

Does each party to the JV contribute in terms of monetary capital?

No. This is not mandatory.

 

The parties to the J.V can contribute in the form of monetary capital, Plant & Machinery, technology, customers, know-how and experience, etc.

What our users have to say

4.4 LegalKart reviews and ratings
Joint Venture

LegalKart reviews and ratings LegalKart reviews and ratings LegalKart reviews and ratings LegalKart reviews and ratings LegalKart reviews and ratings 4.4 / 5 ( 1707 Reviews)
People purchased

256 People purchased

Startup Documents

Joint Venture

₹5999

₹ 12999 (46% Off) ₹7000 Save

Gross Total

₹5999

Deliverables *

a) Detailed discussion with the Lawyer to understand your JV related transaction. 

b) Experienced business law expert Lawyer will draft the JV agreement. 

c) Final discussion call to add suggestion you may have. 

Show More Deliverables Points
Show Less Deliverables Points

We Accept

LegalKart Payment Gateways