Joint Venture Agreement

A joint venture is widely regarded to be a technical and financial partnership that takes the shape of initiatives, acquisitions, or partnerships with already established businesses. Indian joint ventures typically involve two or more parties, one of whom may not be a resident, forming an Indian private or public limited company and holding predetermined shares of its capital. The main provisions of a joint venture agreement relating to the shareholders' rights to transfer or sell their stock in the joint venture company. The company, partnership, or joint operating agreements are all examples of joint ventures. These traits typically characterize joint ventures 1. The partners' contribution of resources such as money, property, labor, expertise, knowledge, or other assets to the project. 2. A joint ownership stake in the project's subject matter. 3. The right to share management or control of the business. 4. The right to a property interest.