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About Joint Venture Agreement
A joint venture agreement is one in which two or more companies join together to collaborate on a particular project. Through their collaboration, the companies share resources, profits, losses and expenses. The joint venture is a legal entity separate from the companies’ other business interests.
From the perspective of the budget, it is easier to share the burdens and payments with another person who contributes equally. Furthermore, having a partner can lessen the blow to the venture in the case of a loss.
Having another person also helps in developing the product itself. A joint venture also provides a company with a way to exit from a secondary business or to enter a new business with less of a financial commitment if it were to do this on its own. Should the venture not be profitable, both parties can walk away from the deal losing less than if one company independently invests in the venture.
On the other hand, forming a successful joint venture effort requires time. Both parties will often come to the potential venture with different goals. The culture of each company may be different and the integration of both cultures may be difficult or take a long time. Another problem could be that one or both parties don’t commit enough resources to achieve a successful venture.
Self Attested PAN Card copy
Self Attested copy of any one of the Identity Proof(Voter's ID/Passport/Driver's License)
Self Attested copy of Address Proof in the name of director (Any utility bill i.e., mobile bill/water bill/ electricity bill, or bank statement which should not be older than two months)
Rent Agreement (Notarised: For rented property)
Sale Deed/Property Deed in English (in case of owned property)
No-objection Certificate from property owner
Latest Electricity Bill / Mobile or Telephone Bill / Latest Bank Statement/Gas Bill
Joint Venture Agreement
Joint Venture Agreement Process
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Drafting MOA And AOA
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Joint Venture Agreement
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