Some complex project requires additional resources, effort, and money. It needs the cooperation of two businesses to reach their common goal. Projects with no access to essential resources, money, expertise, or tools may seem like complex task. These businesses can rely on others to get the necessary resource to complete the project without problems. Established businesses can work together for this common goal. However, a verbal agreement may not bind the companies legally. In such cases, businesses can get into a joint venture agreement.
It allows access to resources to finish the project. A JV agreement can bind two businesses legally. It also provides clarity on the parameters of shared efforts. A legally-binding business agreement can include clauses pointing to profit-sharing and highlighting differences.
You can get into a joint venture agreement in India with guidance from our experienced professionals. It can help a local business collaborate with an international business. Formalizing a JV agreement may seem like a complicated process. It requires diligent research while drafting the agreement.
The agreement must include all necessary provisions and clauses to protect the interest of the companies in the JV agreement. We offer the required support and guidance to help companies get into the JV agreement without hassles.