Joint Venture Agreement

3.2 The JVC will answer the [•][Relevant authority] to participate on the [•] trials to be expected in [•][Year]. Company A will make every effort to be eligible to receive the RFP from [•][Relevant authority] to enable the JVC to bid as prime contractor. Company B will provide the technical support and hardware to support those pre-RFP efforts. 3.3 After receiving the RFP i.e request for proposal, the JVC will develop two XYZ System (prototypes) according to the requirements of the Ministry of .......... . 3.4 Company B will advise the complete list of equipment and laboratory apparatus required for manufacturing and integrating of the XYZ System for proposal submission. The JVC will procure these equipment globally after the contract award of the Program. 3.5 The JVC will set up complete infrastructure anywhere in [•][Specific country] to enable it to integrate and manufacture XYZ System for the Project and the Program. 3.6 Company B will assist the JVC in setting up such infrastruct...

Article 3. Activities of JVC Scope and Content 3.1 The parties hereto mutually agree that the activities of JVC will comprise of at least the following: a) Manufacture in [•][Specific country] of the XYZ System, at plants to be located in [•][Specific country] at such places as may be mutually agreed upon; and b) Marketing, sale, distribution and servicing of the XYZ System as may be mutually agreed upon in the Marketing Agreement.

Article 2. Incorporation of a company 2.1 A private limited company, organized and registered in accordance with the laws relating to bodies corporate in [•][Specific country], shall be incorporated under the name and style of [•][Name of the new company formed] or such other name as the corporate law authorities in [•][Specific country] may approve. 2.2 The registered office of the JVC shall be initially situated at [•][Address]. 2.3 The JVC shall take over, adopt and ratify all the terms and conditions of this Agreement.

 1.2 Interpretations (i) The terms referred to in this Agreement shall, unless defined otherwise or inconsistent with the context or meaning thereof, bear the meaning ascribed to it under the relevant statute/legislation. (ii) All references in this Agreement to statutory provisions shall be construed as meaning and including references to: (a) Any statutory legislation, rules, regulations or notification of the Ministry of ...............consolidation or re-enactment (whether before or after the date of this Agreement) for the time being in force; (b) All statutory instruments or orders made pursuant to a statutory provision, and (c) Any statutory provision of which these statutory provisions are a consolidation or re-enactment. (iii) Words denoting the singular shall include the plural and words denoting any gender shall include all genders. (iv) Headings to clauses, sub-clauses and paragraphs are for information only and shall not form part of the operative provisions of this Ag...

Ans: Article 1. Definitions and interpretation 1.1 Definitions In this Agreement, the following terms, to the extent not inconsistent with the context thereof, shall have the following meanings assigned to them herein below: (i) "Act" shall mean the Companies Act, 2013, and any amendment thereto or any succeeding enactment for the time being in force. (ii) "Affiliate" in relation to any party hereto shall mean any firm, concern or company or entity, which controls the said party or is controlled by that party, either on its own or together with one or more affiliates. "Control" means beneficial ownership directly or indirectly of more than fifty percent (50%) in capital deployed in the said firm, concern or company or entity and in the case of companies, which are bodies corporate registered as per laws in force in the respective country, control shall be determined in relation to the voting securities of such entity or its power to control the majority o...

 Ans:  THIS joint venture agreement is made at [•] on this [•] day of the [•][Year in words], 20_(the "Agreement") BY AND BETWEEN: [•][Company A] a company established under the laws of [•][Relevant court/country/act] with its registered office at [•][Address] hereinafter referred to as "Company A", which expression shall unless excluded by or repugnant to the context or meaning thereof, be deemed to include its successors and permitted assigns; AND [•][Company B] a company established under the laws of [•][Relevant court/country/act] with its registered office at [•][Address] hereinafter referred to as "Company B" which expression shall unless excluded by or repugnant to the context or meaning thereof, be deemed to include his legal representatives and permitted assigns. WHEREAS Company A has long experience and knowledge in manufacturing [•] systems and possesses engineering know-how, technical information relating to the design, manufacture, and operati...