by Audit Analyst | Dec 15, 2025 | Joint Venture
Review of Existing JV Agreement The first step is to examine the existing JV agreement to check whether there are clauses permitting the admission of a new partner. The agreement may require unanimous or majority consent of current partners before onboarding a new...
by Audit Analyst | Dec 15, 2025 | Joint Venture
Impact on the Insolvent JV Partner If one of the JV partners becomes insolvent or bankrupt, it may trigger a default event under the JV agreement. The insolvent partner’s rights and obligations may be suspended or terminated, depending on the contract terms. Other...
by Audit Analyst | Dec 14, 2025 | Joint Venture
Initial Capital Contributions At the time of formation, JV partners agree on their respective capital contributions, which can be in the form of cash, assets, technology, or services. The contribution ratio typically reflects the ownership percentage and control...
by Audit Analyst | Dec 14, 2025 | Joint Venture
Purpose of Confidentiality Obligations Confidentiality clauses in JV agreements are designed to protect sensitive business information shared between the partners. This includes financial data, trade secrets, proprietary technology, customer lists, marketing plans,...
by Audit Analyst | Dec 14, 2025 | Joint Venture
Inclusion of Dispute Resolution Clause in JV Agreement The JV agreement should clearly outline a dispute resolution clause that defines the process to address disagreements. It must specify the nature of disputes covered, such as those related to management,...
