Joint Venture / Consortium Agreement to Supply Products

This document outlines an unincorporated joint venture/consortium agreement for three parties to collaborate and manufacture products for a specific local project. There is no indemnity between the participants, and a JV leader will oversee the manufacturing in a particular jurisdiction. The agreement aims to strengthen economic and technological cooperation to produce and sell products, related products, and new products decided by the participants.

Each participant will use their technology, know-how, and scientific management techniques to produce, sell, and provide after-sales service for the products. The participants will jointly prepare and submit the project, and the JV leader will coordinate the contributions of the participants. The participants will cooperate with the JV leader and perform their respective functions with reasonable skill, care, and diligence.

The participants will enter into production agreements with customers as a joint venture, and each participant will grant a power of attorney in favour of a person nominated as their representative. The representatives of each participant will constitute the Policy Committee of the Joint Venture, and the representative of the JV leader will be the representative of the joint venture for correspondence on matters involving the interpretation of the production agreement and alterations to its terms and production.

This agreement provides a temporary joint venture for a specific local project, and the participants aim to earn satisfactory profits through their collaboration. The agreement emphasises cooperation, coordination, and joint decision-making among the participants and the JV leader. This unincorporated joint venture/consortium agreement provides a legal framework for the participants to collaborate on the production, sale, and after-sales service of products, and it allows the participants to share the risks and benefits of the joint venture.

If you are looking for an unincorporated joint venture agreement, consortium agreement, or temporary joint venture for a local project, this agreement may suit your needs. The keywords for this document include unincorporated joint venture agreement, consortium agreement, 3 party joint venture, no indemnity joint venture, JV leader, product manufacturing, specific jurisdiction, local project, temporary joint venture, and project-based joint venture.

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This agreement is designed for three parties and has no indemnity between the participants. It is for a specific local project rather than a more permanent arrangement. The document can be used to create a joint venture to produce and sell products related to the project, as well as study and develop new products. Participants are expected to use their technology and know-how to produce the products and earn satisfactory profits. The preparation and submission of the project will be undertaken jointly by the participants, with the JV leader coordinating the contributions. The participants will perform their respective functions with skill, care, and diligence until the production and operation of the joint venture begins. The participants will enter into production agreements with customers as a joint venture. The policy committee of the joint venture will consist of representatives from each participant, who will have authority to sign production agreements on behalf of their respective participants.