Looking for an unincorporated joint venture/consortium agreement for 4 parties? Our agreement allows manufacturing of products in a specific jurisdiction without indemnity between participants. Ideal for local projects.
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This document is a joint venture agreement between four parties: the JV Leader, Participant 1, Participant 2, and Participant 3. The agreement establishes a joint venture to produce and sell products, strengthen economic and technological cooperation, and study and develop new products. The products referred to in this agreement include those related to the sale of products and those decided by the parties from time to time. The agreement sets out the definitions used throughout the document, including the definition of the Joint Venture, Participants, Customers, Territory, and more.
The participants appoint the JV Leader and the Joint Venture representative, and the agreement confirms the addresses of the Joint Venture as listed in Schedule 1. The participants agree to use their technology and scientific management techniques to produce, sell and provide after-sales service for the products, as well as assist local manufacturers to develop advanced production methods for the sourcing and procurement of components.
The agreement outlines the structure of the Joint Venture, including the Policy Committee and the Local Representative, and establishes the roles of the JV Leader in managing the Joint Venture's affairs, providing the Joint Venture's Representative for liaison with Customers, and providing the Production Manager for directing the production of the Products, unless the Participants agree otherwise.
The agreement sets out the responsibilities of the Participants, including sharing information, protecting intellectual property rights, and ensuring compliance with relevant laws and regulations. The agreement also includes provisions related to the termination of the agreement, the resolution of disputes, and the liability of the participants.
Overall, this joint venture agreement establishes the terms and conditions under which the participants will work together to produce, sell, and develop products, with the JV Leader taking the lead in managing the affairs of the Joint Venture. The agreement sets out the roles and responsibilities of the participants, as well as the structure of the Joint Venture and the procedures for dispute resolution and termination of the agreement.
1. Read the introduction: The agreement has been entered between the JV Leader and three other Participants, who have agreed to form a joint venture to produce and sell products, related products and such other products as are decided by the Participants from time to time.
2. Interpretation: Go through the definitions given in this agreement to understand the meaning of various terms used throughout the document.
3. Joint Venture: This section outlines the purpose of the joint venture and the appointment of the JV Leader.
4. Production and Operation: This section discusses the participants' obligation to produce, sell, and provide after-sales service for the products and includes other details related to the Project.
5. Financial and Management Matters: This section covers the financial matters of the joint venture, including the contributions of the participants and the distribution of profits.
6. Intellectual Property: This section covers the intellectual property rights of the participants and how the joint venture will use them.
7. Termination: This section discusses the grounds on which this agreement can be terminated.
8. Dispute Resolution: This section outlines the process of dispute resolution between the participants.
9. Governing Law and Jurisdiction: This section specifies the governing law and jurisdiction for this agreement.
10. Signatures: Once you have gone through the agreement, you can sign the document to finalise it.
By following these steps, you can use this Joint Venture Agreement to form a joint venture with other parties and start a business together.