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Agreement to Dissolve Joint Venture
Dissolve a joint venture with this downloadable Joint Venture Dissolution Agreement.
- This type of legal contract is typically used to terminate a joint venture when there will be ongoing rights or obligations after the venture has wound up, such as licensing or distribution income, outstanding costs and obligations to be settled, etc.
- The venturers will sell the remaining assets and distribute the proceeds in accordance with a formula based on their capital contributions.
- Future income (from licensing, distribution, sale of products, etc) will be shared equally.
- Any future liability or expense will be borne equally by the co-venturers.
- The co-venturers shall jointly own any intellectual property rights as tenants in common.
- The co-venturers have a right of first refusal to acquire the intellectual property rights of any co-venturer wishing to sell his interest.
- This is a generic legal form which can be used in most countries.
- This Agreement to Dissolve Joint Venture template is fully editable and can be easily customized to meet your business needs.
$12.49
Sino-Foreign Joint Venture Agreement | China
Set up a joint venture in China with this Sino-Foreign Joint Venture Agreement, in accordance with the Management of Foreign Joint Venture Enterprise Law of the PRC.
- This joint venture can be between individuals or corporate bodies, with at least one party being resident in China.
- Any party that fails to pay in its investment by the due date is required to pay a penalty calculated as a percentage of its total investment amount.
- If one of the venturers wishes to sell all or part of its interest in the joint venture, the other party has a first right of refusal to acquire the interest.
- The board of directors appointed by the venturers will make all significant decisions for the joint venture. The chairman of the board will be the joint venture's legal representative.
- The board will appoint a general manager to be responsible for the joint venture's operations. The general manager, in turn, will appoint administrative management heads to run the day-to-day business.
- Supplies, equipment, commodities and materials will be purchased in China if all terms are equal. Any items purchased overseas must be based on the best price â„ performance mix.
- All financial audits must be done by an accountant registered and allowed to practice in China.
- This agreement is governed by the laws of the People's Republic of China.
- This is an English-language legal form. A Chinese translation of the document may be required.
- Available in MS Word format.
$34.99
International Joint Venture Agreement Operated by Management Committee
Set up an international joint venture to be managed by a committee with this template International Joint Venture Agreement.
- Contributions of Parties. Each of the co-venturers will contribute certain assets to the joint venture, such as tangible property, intellectual property, services and expertise.
- Management. The day-to-day operations will be managed by a management committee, made up of representatives of the parties.
- Fundamental Changes. Executive decisions and fundamental changes to the structure or objectives of the joint venture will be made by all the parties.
- Liability of Co-Venturers. Each party is liable to the joint venture for any delays or restrictions in the use of its contributed assets due to third party claims, defects or other problems.
- Exit Provisions. Provisions for departure or removal of a party.
- Disputes. Provisions for dispute resolution, including the appointment of an arbitration tribunal.
$29.99
Letter of Intent for Offshore Joint Venture
This Letter of Intent summaries negotiations between participants in an offshore joint venture who plan to set up a foreign corporation in the target country.
- The new foreign corporation will be formed solely for the purpose of the joint venture business.
- Each of the joint venturers will hold shares in the new corporation.
- Each of the co-venturers will contribute certain assets and take on responsibilities, such as arranging financing for the joint venture.
- The parties will bear their own respective expenses.
- If a binding formal agreement is not signed by the drop-dead date, the parties can terminate the negotiations without liability.
- Available in MS Word format. Customizable and reusable.
- This is a generic letter of intent template that can be used in many jurisdictions.
$12.49
