A Joint Venture or JV is a venture that brings two or more parties together to work on a particular project without having to compromise on each’s individual identity. An agreement that states the type of business, the duration of business, profit sharing, and other policies for every individual who has joined is known as Joint Venture Agreement. Before the signing of JV agreement, the parties make sure that the Memorandum of Understanding or MOU has been understood and signed.
Benefits of Joint Venture Agreement
One and one make two and that’s unity. With joint venture, success follows. Just the way Sony and Ericsson joined hands to form Sony Ericsson. Even if one has joined the venture, the individual identity is retained. It allows multiple operations.
Risk is shared among all
How we work?
Once you want a Consultancy Agreement to be prepared, and request us for drafting it, we shall draft it in the next 3 to 4 business days. Our VcourTs representative will be in constant touch with you for any doubts and clarification.
We entertain iterations at the max two times.
Don’t waste time. VcourTs is the trusted name for all your legal needs.