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Indian Joint Venture Agreement Format

| 04/10/2021

The joint venture agreement will be written and interpreted in English as part of the joint venture agreement, Tech Mahindra and Sumitomo will create a new company that will provide engineering services to the automotive industry. The services are made available to customers in Japan under the terms of the agreement. This document can be used to create a joint venture between two or more parties who wish to carry out a new project, launch a new service or carry out another specific type of work to make a profit. It acts as a legally binding contract to take into account the intention of all parties to create a joint venture on the terms set out in the company. 2.1. Members create a joint venture as an association registered under the name and register in the client`s country for the purposes: name of the signatories of the members of the joint venture and their witness for validation/approval of the agreement. -person receives all the information it receives by participating in the joint venture (and ensures that its staff respects these restrictions), unless this information: a joint enterprise agreement (JV) is submitted by a group of individuals or companies to enter into a partnership through a company or project, without prejudice to their respective legal status. The joint development agreement legally binds the two parties and defines the extent of mutual efforts, differences and rules for sharing profits and business actions. As a general rule, a Memorandum of Understanding is established between the parties concerned before a common development agreement is in place. The parties undertake to keep secret any information that another party or joint venture has given them that is considered confidential or considered secret by that other party or joint venture. In addition, the parties agree not to use this information for any purpose unless expressly provided for in this agreement. 13.1.

The members collectively found that the contract takes effect until all the activities mentioned in the contract with the client are completed and a possible renewal of that period, subsequently agreed between the customer and the joint venture, immediately terminates this agreement; 9.4. Any member is authorized to invite sub-advisers to carry out these obligations, subject to the agreement of the client (if necessary) and the agreement of the members, provided that, in these circumstances, the control and responsibility for the performance of these obligations rests with the member concerned at all times; 7.4. In the event of disagreement among the members of the committee on matters not prescribed by this agreement, the Chair has the right to use a vote; It should be noted that further steps should be taken to create the company that will be the basis of the joint venture. For example, if the joint venture is to take the form of a limited company, such a company must be created and registered. If the joint venture is a partnership, the parties should instead form a partnership company. If the joint venture is a single limited partnership, the parties should instead enter into a partnership agreement on competition liability. This agreement can only be amended, amended or amended by a written agreement executed by the duly accredited representatives of the members. Such a change applies in the renewal that is not ultravires to the contract with the customer. Such an agreement is legally binding and clearly defines areas of cooperation and divergence and contains provisions relating to participation and profit-sharing operations.


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