Importance of Joint Venture Agreement
A joint venture (JV) agreement is filed by a group of people or companies to venture into partnership over a venture or a project, without it affecting their respective legal status. The Joint Development Agreement legally binds both parties, and defines the scope of mutual effort, disparity, and facilitates provisions for sharing the gains and enterprising operations. Generally, an MoU (Memorandum of Understanding) is created between the parties involved, before getting into a joint development agreement.
How Can We Help With The Joint Venture Agreement Process
2-4 Business Days
It begins with the request to prepare a Joint Venture Agreement. The requisite details are collected from the client. Our in-house lawyers and legal experts create the Joint Venture Agreement and send it across to the client for verification, within 2- 4 business days.
2 Rounds Of Iterations
When drafting a Joint Venture Agreement, two rounds of iterations are included in the original price of preparing the contract. Once these changes are made the Joint Venture Agreement will be sent to the client for verification
Documents Required For A Joint Venture Agreement
- All documents related to the venture agreement shall bear the name of the joint venture.
- All documents prepared by either of the members, related to the venture or project that reflects the performance of activities completed under the contract.
- Copyrights (if any) granted to a member of the agreement by another member to reproduce similar work.
- Documents that indemnify its members against claims, liabilities, damages, costs, and expenses sustained as a result of reusing the designs, drawings as part of a project or other projects, under the venture.