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Joint Venture Agreements

Need a Joint Venture Agreement in Kurnool?
At Landmarq, we draft customized JV contracts that protect all partners while complying with Indian Contract Act & Companies Act, featuring:

✅ Profit/Loss Sharing Ratios
✅ Management & Decision-Making Structure
✅ Capital Contribution Terms
✅ Exit Strategy & Dispute Resolution

To get started, simply provide the following details:

1. Basic Information of All Parties

  • Full legal name of each party (individuals or organizations)
  • Registered business address
  • Type of entity (Individual / Proprietorship / Partnership / LLP / Private Limited Company, etc.)
  • Registration documents (e.g., Certificate of Incorporation, Partnership Deed)
  • Authorized signatories with ID proof (PAN, Aadhaar, Passport)
  • GST Number (if applicable)
  • Business licenses (if applicable)

2. Purpose & Scope of the Joint Venture

  • Objective of the joint venture
  • Nature of the business or project
  • Products/services involved
  • Duration (fixed term or ongoing)

3. Capital Contributions & Ownership

  • Monetary investment by each party
  • Assets, equipment, or IP contributed
  • Percentage of ownership or equity share
  • Contribution timelines (e.g., upfront or phased)

4. Roles & Responsibilities

  • Day-to-day management structure
  • Specific responsibilities of each party
  • Decision-making authority and voting rights
  • Key persons in charge from each party

5. Financial Arrangements

  • Profit and loss sharing ratios
  • Banking and accounting methods
  • Cost-sharing models
  • Auditing and financial reporting processes

6. Legal & Compliance Information

  • Licenses, permits, or regulatory approvals required
  • Applicable laws and jurisdiction
  • Dispute resolution mechanism (e.g., arbitration, courts)
  • Confidentiality and IP rights clauses

7. Exit, Termination & Transfer Clauses

  • Exit strategy (e.g., buyout, dissolution)
  • Conditions for termination
  • Procedures for selling or transferring ownership
  • Handling of liabilities and assets post-termination

8. Attachments & Supporting Documents

  • Draft business plan or project report
  • Valuation reports (if investments are asset-based)
  • MoU (if any prior agreement exists)
  • Signed NDAs (if confidentiality is required)
  • Witness signatures and notarization (if needed)

For inquiries or submission, contact us at:
Landmarq – Conveyancing and Legal, a trusted legal and documentation service provider in Kurnool, is here to assist you with all your agreement needs.
📧 Email: [email protected] | 📞 Phone/WhatsApp: +91 70452 82751

1. What is a Joint Venture Agreement?

A Joint Venture (JV) Agreement is a legal contract between two or more parties who agree to pool their resources for a specific business project or objective, sharing profits, losses, and control.

2. Why is a Joint Venture Agreement important?

It clearly defines each party’s roles, responsibilities, contributions, and profit-sharing arrangements, helping to prevent future disputes and miscommunication.

3. What are the key elements of a Joint Venture Agreement?

  • Names and details of the parties involved
  • Purpose and scope of the JV
  • Capital contributions and ownership percentage
  • Roles and management structure
  • Profit and loss distribution
  • Duration of the venture
  • Exit strategies and dispute resolution

4. Is a Joint Venture the same as a partnership?

Not exactly. A JV is typically project-specific and temporary, while a partnership often refers to a longer-term, ongoing business relationship.

5. Do you need to register a Joint Venture?

While the agreement itself may not need registration, if a separate JV entity (like a company or LLP) is formed, it must be registered under applicable laws.

6. Can a JV be between Indian and foreign companies?

Yes, Indian law allows both domestic and cross-border joint ventures, subject to regulatory approvals and compliance with FEMA and FDI rules.

7. What happens if one party wants to exit the JV early?

The agreement should outline exit procedures, buyout terms, and how assets or liabilities will be handled in such cases.

8. Can a Joint Venture have more than two parties?

Yes, a JV can include multiple entities or individuals, as long as all terms are mutually agreed upon and documented.

9. What is the difference between an incorporated and unincorporated JV?

An incorporated JV creates a new legal entity. An unincorporated JV is simply a contractual collaboration without forming a separate business.

10. Should a lawyer be involved in drafting a JV Agreement?

Yes, it is highly recommended to involve legal professionals to ensure the agreement is enforceable, compliant, and protects all parties’ interests.