Joint Venture Consultants
WHY JOINT VENTURE CONSULTANTS ARE REQUIRED?
WHAT is
Joint Venture
TYPES of Joint Ventures Arrangements
Joint Venture CONSULTING STEPS
DRAFTING Joint Venture AGREEMENTS
SETTING
UP Joint Venture IN INDIA
Some benefits, that make hiring a consultant
a perfect business sense, are given below.
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They are objective to Customer Operations but
out of their Corporate Power Games.
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They have been there done that and can
replicate it again for their customers and just as the customers
want it.
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They are clued in and can transfer skimmed
information and best practices.
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If forming international joint venture, they
can behave as a one-stop shop for entire Project Management.
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Local knowledge is yet another key that they
hold.
The roles of JV Consultants have changed the following being
prominent:
1. Facilitative
2. Contributive
3. Consultative
4. Project Consultative
Selection of a consultant will vary depending upon what your
objective is. if you are looking at international joint venture,
then you need someone who is capable of being a facilitator who
understands the business practices and legal knowledge of both
the countries.
........
A typical Joint Venture is where:
Two parties, (individuals or
companies), incorporate a company in India.
Business of one party is transferred to the
company and as consideration for such transfer,
shares are issued by the company and subscribed
by that party. The other party subscribes for the
shares in cash.
The above two parties subscribe
to the shares of the joint venture company in
agreed proportion, in cash, and start a new
business.
Promoter shareholder of an
existing Indian company and a third party,
who/which may be individual/company, one of them
non-resident or both residents, collaborate to
jointly carry on the business of that company and
its shares are taken by the said third party
through payment in cash.
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S uccess
in Joint Venture can be expected when Joint Venture Agreements, Service Level
Agreements & Contracts are set up right and the parties know their duties
well.
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Some practical aspects of
formation of international joint ventures and the prerequisites
which the parties should take into account are enumerated herein
after. Selection of a good local partner and a good consultant is the
key to the success of any joint venture.
Once a partner
is selected generally a Memorandum of
Understanding or a Letter of Intent is signed
by the parties highlighting the basis of the future joint
venture agreement.
For more information on how to Draft Joint Venture Agreements
click here
Joint Venture arranges may
range from independent joint ventures to forming a jointly owned
company and
a range in between. It depends on the needs of a company to
see what kind of arrangement bests suits it. A Joint Venture
consultant can walk you through various options and help you set
up optimal Joint Venture for your company in a cost-effective
manner.
We provide Joint Venture solutions
through the following Process:
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Situation Analysis - Analyzing
the company's requirements and identifying the
"outsourceable" components.
-
Joint Venture Options & Planning -
Analyzing various options ranging from sub-contracting to co-opetiton
and planning
Joint Venture model which is most appropriate in
the circumstances.
-
Contracts & Agreements -
Drafting all the Joint Venture
contracts.
How to Draft an Joint Venture
Agreements?
A good Joint Venture
agreement is one which provides a comprehensive road map of the
duties and obligations of both the parties.
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O utsourcing
Agreements, Service Level Agreements & Contracts are a must. Lawyers who
understanding the work culture and legal environment of both the jurisdictions
should be involved in drafting Joint Venture Agreements.
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It minimizes complications
when a dispute arise. However, many a times people neglect to
pay attention while drafting an Joint Venture agreement.
Before
finalizing an Joint Venture agreement, the terms
should be thoroughly discussed and negotiated to
avoid any misunderstanding at a later stage.
Lawyers from all applicable jurisdictions must be
consulted before finalizing any Joint Venture agreement.
Every Joint Venture agreement should be
modified as applicable under different circumstances. One brush
should not paint all the painting.
For more information on how to Draft Joint Venture Agreements
click here
Setting up
International Joint Ventures
Contact us for
Joint Venture Consultants for India & USA
Contact Information:
Madaan
& Co.
Attorneys at law
E-mail:
click
here
Fax: +1 (216) 928-9537 (a US
area code)
WWW.MADAAN.COM
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