7.4. In the event of disagreement among the members of the committee on matters not prescribed by this agreement, the Chair has the right to use a vote; The document can be adapted to the nature of the joint venture, for example. B the purpose of the new joint venture, the responsibilities of each party concerned, any investment in the joint venture by one of the parties, the date of the creation of the joint venture, any clauses and termination dates, if any, and all agreed governance procedures for the combined management of the company. The joint enterprise agreement is written and interpreted in English 2.1. Members create a joint venture as an association registered under the name and legally register it in the client`s country for the purpose of 7.1. No member is entitled to commit or sign a commitment on behalf of the joint venture or another member, unless members have expressed that power in writing with respect to the joint venture or an individual member with respect to the (other) member; It should be noted that further steps should be taken to create the company that will be the basis of the joint venture. For example, if the joint venture is to take the form of a limited company, such a company must be created and registered. If the joint venture is a partnership, the parties should instead form a partnership company. If the joint venture is a single limited partnership, the parties should instead enter into a partnership agreement on competition liability.
The parties undertake to keep secret any information that another party or joint venture has given them that is considered confidential or considered secret by that other party or joint venture. In addition, the parties agree not to use this information for any purpose unless expressly provided for in this agreement. Send your article via our online form Click here Note we only accept original articles, we do not accept articles that have already been published on other websites. For more details Contact: firstname.lastname@example.org 14.2 If a member declares in writing that a legal responsibility is attributable to the other member or other members, members strive to reach an agreement on the debts to be assumed by each member and, in the event of disagreement between the members, a correct allocation is established by arbitration in accordance with point 19. This document can be used to create a joint venture between two or more parties who wish to carry out a new project, launch a new service or carry out another specific type of work to make a profit. It acts as a legally binding contract to take into account the intention of all parties to create a joint venture on the terms set out in the company. `joint venture`, the joint venture created between members in accordance with this agreement; 4.3. The distribution of joint venture commitments among members may be changed by agreement between members, subject to the client`s agreement if necessary; This agreement can only be amended, amended or amended by a written agreement executed by the duly accredited representatives of the members.