International Joint Venture Agreement
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Description
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The International Joint Venture Agreement is a framework for a joint venture between two companies based in different countries that decide to establish a new jointly-owned company with its own objectives: research, marketing and distribution, manufacturing, etc. This type of agreement is designed for medium-term or long-term cooperation, as opposed to short-term cooperation in which an International Strategic Alliance Agreement would be preferable. The Agreement provides all the necessary rules to start up and then manage the Joint Venture. In the issues of greatest importance (the company’s object, capital stock, valuing of contributions made, organization and administration, decision-taking), a number of alternatives of wording are offered in order for the most appropriate one to be chosen depending on each situation. It also makes reference to the viability studies prior to the setting-up of the company and the financing of its costs. The Agreement has been drafted without reference to any particular legal system so could be used in a majority of countries. Notwithstanding in some countries with protectionist laws for foreign investment it is recommended that the parties seek legal advice when using an agreement template for establishing a joint venture. The language of this contract is English. It is also available in Spanish, French and German. |
Index of the contract
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Annexes |