Legal Question in Business Law in India

Joint Venture agreement

Please guide on how do we form a joint venture or business association, where only 1 Party invest Money and the other party only provides the Business Knowledge, Expertise and Brand recognition.

What do we term such a venture. In such cases what would be the Expense sharing and profit sharing structure.


Asked on 7/03/07, 9:55 am

2 Answers from Attorneys
G. M. Gupta gmguptaandassociates

Re: Joint Venture agreement

expenses, sharing and all such things are decided by mutual agreement

you can start ur venture in partnership firm or you can make company also. it depends on ur work and quantum of money involved that which form will suit u best

For further and detailed advice please contact personally. Consultation charges will apply.

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Answered on 7/04/07, 12:24 am
Prabhat Shroff Shroff & Company

Re: Joint Venture agreement

This is one issue where an advice cannot be given based on the short fatcs provided by you. More detailed facts are needed to advice you.

Essentially, a joint venture agreememnt would contain basically the terms agreed between the parties. However, safegurads to both parties may have to be incorporated in the agreement.

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Answered on 7/04/07, 1:06 am


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