Joint Venture Agreement
Such an agreement is legally binding and clearly lays down the areas of cooperation and divergence, and makes provisions for profit-sharing and operations.
Description
Benefits of a Joint Venture Agreement
Minimal Liability
A Joint Venture Agreement permits a business to work with another entity while functioning as an individual legal identity. Hence, it is a minimum liability alternative for businesses in which 100% of FDI has been employed.
Gateway To New Avenues
A Joint Venture Agreement allows you to access new markets and resources and ensures that the risk is shared, without any of the disadvantages involved in operating as a single entity.
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