Joint Venture Agreement

Joint venture is a business agreement where the parties agree in order to develop, for a finite time, a fresh entity and fresh assets by making contributions equity. Joint venture agreement establishes a joint venture partnership between several companies. The agreement may generate a business purpose, governance structure along with operational rules for the joint venture agreement. The agreement should likewise set forth the stipulations under which the three way partnership may be done, as well as the choice of legislation and venue intended for resolving any differences.