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Archive for the ‘Joint Venture(s)’ Category

Content Page For Joint Venture(s)

Understand some of the basic Types of Joint Ventures
 
Understand the basic difference between Joint Venture and Partnership
 
Understand the basic difference between Joint Venture and Consignment
 
Drafting the Joint Venture agreement
 
Understand the Potential Issues And Challenges In Joint Venture
 
Accounting Treatment for Joint Venture

July 3, 2008  Tags: Joint Venture  Posted in: Joint Venture(s)  5 Comments

What is the Difference Between Joint Venture And Partnership

For those unfamiliar between Joint Venture and Partnership, tabulated below in summary some of the differences:

Joint Venture

Partnership

Limited to a specific venture.

Not limited to a specific venture.

Partners are called co-ventures.

Persons carrying on partnership business are called partners.

No specific Governing Act for joint venture.

Partnership firms are governed by the Partnership Act.

No common firm’s name in joint [...]

July 2, 2008  Tags: Joint Venture, What is  Posted in: Joint Venture(s)  One Comment

Drafting The Joint Venture Partnership Agreement

During the drafting of the agreement, the following aspects should at least be included:

Definitions ( like technical terms specific to the industry)
Identity of the partners
Purpose of the joint venture
Scope of the joint venture
Activities of the joint venture
Validity period of the agreement including time span of joint venture
Contribution of each partner
Responsibilities and obligations of each partner
Equity [...]

May 25, 2006  Tags: Joint Venture Agreement  Posted in: Joint Venture(s)  No Comments

What is the potential Issue(s)/challenge(s) in Joint Venture Partnerships

Generally, we need to understand what might be the potential issues when setting up a joint venture partnership. This might includes the following:

Conflicts of interest if they are competitors
Unable to delineate areas of responsibility
Mistrust of each other
Fear of loss of know-how
Cultural barriers
Different business practises
Differing in ideas about pay systems and criteria of recruitments
Strategic needs of [...]

May 25, 2006  Tags: What is  Posted in: Joint Venture(s)  No Comments

What Are Some Of The Basic Types Of Joint Venture Partnership

The following are the basic types of Joint venture partnerships:
• Complementary technology joint ventures- the partners combine their technologies to diversify their existing product or market portfolios
• Market technology joint ventures – combination of the market knowledge of one partner with the production or product know-how of the other
• Sales joint venture- the producer and [...]

May 25, 2006   Posted in: Joint Venture(s)  No Comments

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