JOINT VENTURE AGREEMENT
This Agreement is made on [Date] between [JV Partner A] and [JV Partner B]
- Parties. This Joint Venture Agreement is executed between [JV Partner A], [Address] and [JV Partner B], [Address] (the "JV Partners").
- Recitals. The JV Partners possess complementary resources and wish to collaborate for the Purpose described below.
- Purpose & Effective Date. The JV Partners shall jointly undertake [Scope / Project] with effect from the Effective Date [Effective Date].
- Contributions & Consideration. The parties shall contribute capital and resources aggregating Rs. [Amount] in the ratio [__:__], whether by way of cash, assets or expertise.
- JV Structure. The venture shall be carried on [through a jointly owned company [JV Co] / as a contractual joint venture], with shareholding/interest in the agreed ratio.
- Management & Obligations. The JV shall be managed by a board/steering committee with equal representation; reserved matters shall require unanimous consent.
- Profit Sharing. Profits, losses and distributions shall be shared in proportion to the parties' respective contributions.
- Representations & Warranties. Each party warrants its authority, solvency and that its contribution is free from encumbrance.
- Exclusivity & Confidentiality. The parties shall not compete with the JV within the agreed field and shall keep JV information confidential.
- Term & Termination. The JV shall continue for [__] years or until the Purpose is achieved, terminable on material breach or mutual consent.
- Exit & Deadlock. On deadlock or exit, the parties shall follow the buy-sell / put-call mechanism set out in Schedule I.
- Governing Law & Jurisdiction. This Agreement is governed by the laws of India and subject to the jurisdiction of courts at [City].
- Dispute Resolution. Disputes shall be referred to arbitration under the Arbitration and Conciliation Act, 1996, seated at [City].
IN WITNESS WHEREOF the parties have executed this Agreement on the date first written above.
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For [JV Partner A]
For [JV Partner A]
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For [JV Partner B]
For [JV Partner B]
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Witness 1: [Name & Address]
Witness 1: [Name & Address]
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Witness 2: [Name & Address]
Witness 2: [Name & Address]