Are you forming a Joint Venture to conduct business or
acheive a particular objective?
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JOINT VENTURE AGREEMENT
A joint venture agreement is a legal contract between two or more parties (individuals, companies or other organizations) that outlines the terms, responsibilities, and expectations for a specific business project or venture.
How it works?
Share JV terms
Provide partner details, capital contributions, profit-sharing, management structure, and JV objectives.
JV agreement drafting
Our lawyer drafts the joint venture agreement with governance, deadlock resolution, and exit clauses.
Partner negotiation
All JV partners review and negotiate terms with our lawyer facilitating discussions.
Execution & delivery
Final JV agreement on stamp paper — clearly defining rights, obligations, and exit mechanisms.
Contents of Joint Venture Agreement
- What is the object and scope of the JV?
- How would financial arrangements be made?
- Would a partner contribute anything apart from cash?
- How much would be the stake of each partner to the JV?
- What is the composition of the board and management arrangements?
- What are the specific obligations of the parties?
- What are the condition precedent and condition subsequent?
- What is the provision for distribution of profits?
- How would the shares be transferred under different circumstances?
- How would a deadlock be remedied?
- How and circumstances under which the JV would be terminated?
- What is the provision for future issues of capital?
- What are the restrictive covenants on the company and the parties?
- How would the CEO/MD be appointed?
- Equity participation by local and foreign investors
- Casting vote provisions
- Change of control/exit clauses
- Anti-dilution rights
- Drag Along/ Tag Along rights
- Anti-compete clauses
- Confidentiality or NDA clause
- Indemnity clauses
- Dispute Resolution clause
- Applicable law
- Force Majeure etc.
Laws governing Joint Venture Agreements in India
The different laws which govern various aspects of JV Agreement in India are as follows:
- Companies Act, 2013 and various rules framed thereunder
- Partnership Act, 1932
- LLP Act, 2008
- The Indian Contract Act, 1872
- Foreign Exchange Management Act, 1999
- Consolidated FDI Policy, 2020
- RBI Policies
- Competition Act, 2002
- SEBI Guidelines (in case of listed company)
Why Legitax
- Senior Expert Lawyers: We will get your document drafted/reviewed by Senior Expert Corporate & Business lawyers. You can track the progress of your document on our platform at all times.
- 4.5 Customer Score: Clients are delighted with our service! They have consistently rated us high because of our focus on delivering quality output and providing regular updates.
- Responsible Delivery: Our team of experienced business advisors are just a phone call away. Our team will ensure that your interaction with the expert lawyer is smooth and seamless and the document draft is delivered to you within the committed timeline.
Deliverables
Our standard deliverables for every document drafting includes:
- 60 Minutes of Talk-Time with the Lawyer for drafting/reviewing the Agreement
- First draft of the documents will be delivered to you within a maximum of 2 working days
- Post-delivery of the first draft – Iterations in the master Document to incorporate your suggestions/changes
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Lucknow, Uttar Pradesh
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Bhopal, Madhya Pradesh
I've been using the Legitax app and it's really made dealing with legal stuff easier. It's great how I can just open the app and quickly find a legal expert to talk to, no matter what time it is. Every time I've had a question, big or small, I've gotten easy-to-understand answers from their experts. The app is super easy to use too, which is a big plus for me. I feel more confident handling legal things now. Legitax has been a big help!
Vijay Kanoor
Bengalore, Karnataka
The Legal advice I get is straightforward and easy to understand, which is important for me. Using Legitax has taken away a lot of stress when it comes to legal matters. I definitely recommend it to anyone looking for quick and reliable legal help.
Krishnamoorthy B
Chennai, Tamil Nadu
The advocate I connected with on Legitax was incredibly helpful, clearing up many doubts I had. They offered solutions and insights into issues that were affecting my family and me. I've had such a positive experience that I wouldn't hesitate to recommend Legitax to my friends.
Bhavesh Jain
Jaipur, Rajasthan
I was really impressed with the quality of legal advice I received. The lawyer was patient, knowledgeable, and took the time to explain everything in detail. It felt like having a personal legal advisor at my fingertips.
Lata Sharma
Amritsar, Punjab
Very convenient service. I needed urgent legal advice regarding a property dispute and was connected with a qualified lawyer within minutes. The consultation was thorough and the advice was practical and actionable.
Prakesh Ranjan
Patna, Bihar
Excellent platform for legal consultations. The process is seamless and the lawyers are very professional. I got my documents reviewed quickly and the feedback was comprehensive. Highly recommended for anyone needing legal assistance.
Preety Singh
Lucknow, Uttar Pradesh
Legitax made the entire process of getting legal help so much simpler. From consultation to document drafting, everything was handled professionally. The pricing is transparent and reasonable.
Arvind Pratap
Bhopal, Madhya Pradesh
Frequently asked questions
A JV is a very lucrative arrangement as it offers an enormous amount of benefits by which the parties to the JV could gain. The JV could be a beneficial arrangement in the following ways: Leveraging of strength & resources available with both the parties; Creating a platform to attain the business goals which are otherwise difficult or uneconomical to achieve independently; Access to newer markets or segments; Strengthen position in the existing markets; Diversify into new businesses; Gives competitive advantages; Shares the risk or initial losses associated with a new business; Allows the business to expand with a smaller amount of capital.
A JV can be structured in the following ways:- 1. Company 2. Partnership Firm 3. LLP 4. Strategic Alliance
No. This is not mandatory. The parties to the J.V can contribute in the form of monetary capital, Plant & Machinery, technology, customers, know-how and experience, etc.