The creation of the joint venture is initiated by the conclusion of a joint enterprise agreement between the local investor and the foreign investor and by obtaining a name given by the company`s house for the name preferred by the investor. The joint enterprise agreement determines the scope of activities, the name of the company, the ration of participation, rules and jurisdictions, commitments, the board of directors and other important issues that the parties want to be of decisive value. As soon as the terms of the agreement have been agreed, it is usually printed on the BDT 300 stamp document and then signed by the parties/their authorized representatives. As you can see, a joint venture agreement can be beneficial for your business or organization. Now that you know all the benefits, let`s take a look at the different types of joint venture agreements in which you can enter. In fact, this is the case when two separate parties agree to work on a single business project or business activity. The two parties would agree on the terms and rules of the joint enterprise agreement and, once the project or activity was completed, the joint venture would end. There are different types of joint venture agreements that you can enter into. They would depend mainly on the objective of the joint venture and the objectives it must achieve. In any event, a joint venture should be agreed by two separate parties who wish to achieve the same objective for their own benefit. Here are the different types of joint ventures: the joint venture contract being an essential document that must be had when setting up a joint venture, it probably has many advantages, right? The answer is yes, there are many benefits if we establish a concrete model for a joint enterprise agreement that we will discuss now. If you learn these benefits, you can make an informed decision about whether you want to make one for your next joint venture.
We don`t know if you need a joint venture agreement? Here are some of the most common questions we are asked: To design an appropriate MOA and AOA in accordance with The laws of Bangladesh and in accordance with the joint enterprise agreement previously concluded in Bangladesh, it would be best if you could hire a lawyer or law firm in Bangladesh to help you. These documents must be in accordance with the law while largely reflecting the intentions of the parties, so that hiring a law firm in Bangladesh could be a viable option.