Objective and Scope

• Clearly defines the purpose of the joint venture
  
• Specifies the industry, project, or business activity
  
• Outlines geographic area and duration of operation
  
• Details the scope of work and deliverables expected
  
• Aligns mutual goals of the partnering entities
  

Capital Contribution and Shareholding

• States the amount of capital each party will invest
  
• Defines ownership percentage and equity structure
  
• Includes provisions for future funding requirements
  
• Describes how profits and losses will be distributed
  
• Sets terms for adjusting shareholding over time
  

Management and Governance

• Establishes the management structure of the venture
  
• Details appointment and the powers of directors or managers
  
• Sets voting rights and decision-making procedures
  
• Outlines the responsibilities of each partner in operations
  
• Provides guidelines for conducting board meetings
  

Roles, Rights, and Obligations

• Assigns specific roles to each joint venture party
  
• Lists operational and financial responsibilities
  
• Grants access to information and reporting rights
  
• Includes performance obligations and milestones
  
• Covers non-compete and confidentiality provisions
  

Termination and Exit Mechanism

• Specifies conditions under which the venture can be terminated
  
• Outlines exit options like buy-out, dissolution, or sale
  
• Describes dispute resolution methods and legal remedies
  
• Includes clauses for handling breach or default
  

Sets procedures for asset and liability distribution on exit