Joint Venture Agreement Sample Uae
Holding company or a sister concern of the investing company to the agreement it should be made a party to the JV agreement in addition to the investing parties. THIS JOINT VENTURE AGREEMENT the Agreement or this Joint Venture Agreement is made and entered into as of this DATE by and between SENDERCompany hereinafter SHORTENED NAME OF SENDER a SENDER STATE OF INCORP corporation with a registered office located at SENDER ADDRESS and SIGNERCompany hereinafter.
The JV shall operate through a joint venture company JV Company to be incorporated under the laws of the Emirate of Dubai United Arab Emirates UAE as defined under the Commercial Companies Law of the UAE under the name of Tune Arabia LLC Tune Arabia or such other alternative suitable name mutually agreed by.
Joint venture agreement sample uae. INTERNATIONAL JOINT VENTURE CONTRACT TEMPLATE Download International Joint Venture Contract sample in Word format. The phrase joint venture when used colloquially in the context of business dealings in the United Arab Emirates UAE can mean a number of different things. Joint Venture Company in Dubai A joint venture is a contractual agreement between a foreign party and a local party licensed to engage in the desired activity.
The agreement may establish a business purpose governance structure and operational rules for the joint venture The agreement should also set forth the terms and conditions under which the joint venture may be terminated as well as the choice of law and venue for resolving any disputes. The only difference between joint. The validity of any transaction agreement or payment involving the Joint Venture and any Affiliates of the parties to this Agreement otherwise permitted by the terms of this Agreement shall not be affected by reason of the relationship between them and such Affiliates or the approval of said transactions agreement or payment.
A Joint Venture Agreement sometimes called a co-venture agreement or JV agreement is a contract between two or more business entities that undertake an enterprise together. There is no need to license the joint venture or publish the agreement. Contract establishes all the agreements needed to start up and manage the Joint Venture between two.
Shareholders Agreements and Joint Venture Agreements in the United Arab Emirates. The Members shall organize a joint venture in the form of a FZ-LLC company FZ-LLC in Dubai Technology Electronic Commerce Media Free Zone Dubai United Arab Emirates to be known as Efonica FC-LLC to be owned fifty and two tenths 502 percent by TOFL and forty nine and eight tenths 498 percent by Karam in order to develop provide and market certain. This document is a template for a Joint Venture Agreement between two businesses.
Make a decision on what kind of format youd like to use for your joint venture agreement template. Once the circumstances of the joint venture have been agreed upon the parties must list the agreement with the Department of Economic Development in Dubai Abu Dhabi or other emirates DED. For you to make a good joint venture agreement sample you may need some helpful steps and tips to guide you.
B Business objects and products of the joint venture This clause is probably one of the most important clauses of the entire agreement. The agreement must have a certain form issued by the DED or equivalent government entity in the emirate and must be signed before a public notary. Repayment of any principal outstanding on any loan made to the company by any shareholder or any associate or affiliate of any shareholder or any person controlled by an individual.
Examine the scope and purpose of your joint venture along with your partner along with the expected time frame. A Joint Venture Agreement is a contract between two or more individuals or businesses who would like to undertake a new discrete project start a new service or do some other type of specific work together in order to make a profit. Fill in the blanks and choose the terms of this international contract that best suit your needs.
THIS JOINT VENTURE AGREEMENT Agreement made and entered into as of this 5th day of May 2009 by and between Global Ecology Corporation fka Homeland Security Network Inc a Nevada corporation with offices at 140 Smith Street Keasbey New Jersey 08832 GEC and Chain Rule Environmental LLC a New York limited liability corporation with. In order to start a joint venture in Dubai one needs a local partner who will hold 51 of the participation in the company. The members also detail the contributions theyll make to the.
With this contract each member establishes their duties and obligations during the business relationship. A Joint Venture Agreement is more limited than a Partnership Agreement in that the parties are only working together for one specific activity. A joint venture agreement establishes a joint venture between two or more companies.
The joint venture is one of the most popular forms of doing business in Dubai as it allows foreign entrepreneurs or companies to associate with a local company under a contractual agreement. The local equity participation in the joint venture must be at least 51 but the profit and loss distribution can be prescribed. Particularly due to the fact that the UAE attracts significant inward investment from all over the world it is perhaps most commonly associated with the partnering of UAE and non-UAE.
Joint ventures offer foreign companies the same advantages as limited liability companies in Dubai.
