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The optimal JV structure will depend on the goals and interests of the partners, including the nature of the proposed business, the expected duration of the venture, liability protection considerations, the regulatory framework applicable to the new business, and whether the venture requires a separate management team.

A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.

Just as an original entity can be organized in one of several ways, a joint venture can be set up as a partnership, LLC, or corporation. Or, rather than form a separate entity, a joint venture can be created as a contractual relationship.

The structuring of a joint venture must comply with the Companies Act, 2013, the Foreign Exchange Management Act, 1999 (FEMA), and sector-specific foreign direct investment (FDI) policies. Moreover, contractual clarity and regulatory approvals play a decisive role in ensuring the smooth operation of joint ventures.

A Joint Venture Agreement outlines the terms, obligations, and liabilities of the parties to a joint venture. A joint venture is an association of two or more persons to develop a business opportunity on a collaborative basis for mutual gain.

In order to constitute a joint venture, it is not sufficient that the parties share in the profits and losses; but there must be, in addition, an intention of the parties to be associated together as partners, either as general part- ners, or for the more limited duration of a joint adventure.

A Joint Venture Agreement is a legal document where two or more entities combine to do business or undertake an economic activity together. The parties agree to create a new entity by contributing equity and share the revenues, expenses and control of the enterprise in the proportion of their capital contribution.

A Joint Venture (JV) Agreement is a contract between at least two business entities or individuals entering into a temporary business relationship. By joining forces, the parties hope to achieve a mutual goal. For example, with this business relationship, each party can: Grow without needing outside funding.

A joint venture is a commercial arrangement between two or more parties to undertake a specific business project or opportunity. They can take many forms, including incorporated and unincorporated joint ventures. In an incorporated venture, the parties establish a separate legal entity to conduct activities.