Set name in the Joint Venture Agreement

Aug 6th, 2022
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How to set name in the Joint Venture Agreement

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good afternoon everyone myself C rajava Vice chairman MSM and startup Committee of reping in progress first of all I welcome my chairman CA d kelal g chairman mm and startup committee welcome D sir I also welcome CN n aora g our guest speaker for today seminar on understanding benefit funding and taxation of startup I also welcome CA Mano lambai expert in MSM and stter and todays coordinator of the program so friends I also welcome all of you as we all know dpit recognized startup India offers numerous benefit to The Entity recognized as startup this benefit extend to The Entity for 10 years which is not limited to taxation aspect only but it also provides benefits like mentorship funding and incubation facilities most of the startup entities have availed these benefits which resulted into India as third largest startup Hub to develop on this topic we who will guide you about all the benefit including pitch presentation and process of recognition to Avail the benefit under Section 80

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Examples of Joint Venture #1 Verily and GlaxoSmithKline. Verily, the life sciences unit of Alphabet Inc. #2 Uber and Volvo. #3 Sony and Ericsson. #4 NBC and Disney. #5 Kelloggs and Wilmar. #6 Microsoft and Cruise. #7 Apple and Unicom. #8 Mercedes-Benz and Volvo.
The parties consider several alternatives, including: basing the JVs name and trademarks on a combination of the parties trademarked corporate names, in recognition of the partnership between the parties, such as Alligator Bumblebee; or basing the JVs name and trademarks solely on that of the parent with the brand
JVs provide flexibility for the parties, allowing them to allocate ownership shares, risks and profits, and customize a governance structure. Some JVs are named after both parent entities, while others adopt their names from one parent entity or take on their own unique identity from creation.
Ensure the joint venture agreement includes all the necessary information about members. In the JV agreement, have all participating members names, addresses, and contact information. JV members are those people who contribute capital, resources, and other assets.
In a contractual joint venture, the name of the joint venture agreement may be Shared Services Agreement, Partnership Agreement, Joint Venture Agreement or many other names. The actual name doesnt matter very much. The substance of the agreement is what is important.
The key provisions in a JV agreement should include: the business objectives of the JV. the structure of the venture (whether itll be a separately formed enterprise or operated through the existing businesses) each partys contributions to the venture, including cash, property, and assets.
Another joint venture formation example is between Kelloggs and Wilmar International Limited. The former wanted to expand its cereals and other snack foods business in the Chinese market. The partnership allowed Kelloggs to benefit from Wilmars extensive distribution and supply chain network in China.
BMW and Brilliance Auto Group. BMW needed a Chinese partner to manufacture cars in China due to local laws at the time. It therefore joined forces with the Brilliance Auto Group to create BMW Brilliance.

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