Overview
A Joint Venture Agreement is a legally binding contract entered into by two or more parties who agree to combine their resources, expertise, or capital to achieve a specific business objective. Joint ventures are commonly used in India for entering new markets, executing large projects, or sharing technical knowledge while reducing individual risk. The agreement defines the structure and operational framework of the joint venture.
The agreement clearly sets out the contributions of each party, whether in the form of capital, assets, technology, or services. It also outlines profit sharing ratios, management structure, decision-making authority, and roles of each partner. A well-drafted Joint Venture Agreement ensures transparency and prevents conflicts by clearly defining expectations and obligations from the beginning.
Joint ventures can be structured as contractual arrangements or incorporated entities such as private limited companies or LLPs. The agreement also covers important clauses relating to intellectual property, confidentiality, non-compete obligations, dispute resolution, exit mechanisms, and termination. Legal clarity in these areas is essential to protect the interests of all parties involved.
At BizGlobal, we assist businesses in drafting comprehensive and customised Joint Venture Agreements that align with commercial goals and legal requirements. From structuring the joint venture to drafting robust legal clauses and ensuring compliance with Indian laws, our experts provide end-to-end support to help partners collaborate with confidence and clarity.
