Joint Venture Agreement for Make a Deal Two Companies

A joint venture agreement is a term of joint or joint venture contract. Joint venture usually concerning Small Business which also referred to a partnership agreement. The purpose of a partnership agreement is cooperation between small entrepreneurs and large actors, the tangible form of this partnership on capital or skills. The cooperating company usually called a joint venture company.

Joint Venture Agreement 2 Joint Venture Agreement

Establishing a joint venture agreement is the first step in developing a joint venture company. The joint venture agreement itself contains the parties’ agreement in the matter of, among other things, ownership of capital, shares, increment of share ownership, finance, management, technology and expertise, possible dispute settlement, and termination of an agreement. Therefore, before agreeing, you need to know about the joint venture in detail.

 

All About Joint Venture Agreement

 

Here are some things that you should know about joint venture are as follows:

  1. Terms and Conditions

Establishing cooperation with a joint venture can be an alternative, although the initial promotional affairs are quite troublesome, this will not be a problem anymore. But some requirements must be met, such as: Having a quality product, business is not a product of money games, online social gathering, or writing that is merely a lure, and the Product does not have in common with other affiliate products.

 

  1. Types of Joint Venture

Based business field of joint venture deal such as Port; Production, transmission, and distribution of electricity to the public; Telecommunication; Service; Flights; Drinking water; Common trains; Atomic energy spikes; and Mass media.

In general, the type of joint venture is: First, the limited co-operate. This type usually occurs in two businesses that work together on a limited and specific basis with specific terms and conditions. Second, the Separate joint venture business in which the two joint ventures own shares and managed parts. Third, Business partnerships where to build cooperation to merge companies.

  1. Advantages and Disadvantages

The benefits of Joint Venture have a local ally. The regional partners will understand more about the circumstances in which the Joint Venture Company is established such as customs, and community institutions in the local environment. Other than that, Local allies may have technology that is suitable for the local environment. This cooperation will also make it easier Access to the host country’s capital through the relationships and reputation of regional allies.

Disadvantages of Joint Venture company is If you are wrong in choosing allies then it will increase the political risk faced. Also, the existence of the transfer price of a product or component will create a conflict of interest between both parties, and There may be a difference of views between the local allies and the company.

  1. Elements of the Joint Venture Agreement

Several items must exist in the joint ventures contract such as a description of the parties in the deal, Consideration or consideration, Description of the objectives. Then deadlines Cooperation time, Dispute settlements, Organization of cooperation, Financing, Basis of valuation, Relationship between partner and company Joint Venture, Share transfers, Legal form, and choice of law, Entry by the partner. And Parties and Objects in that contract.

That’s a few things you need to know before deciding to make a joint venture agreement. You can discuss with a legal expert before entering into a company agreement and merger. not only that, before establishing cooperation you also have to know the ins and outs of companies that will be invited to cooperate. Before agreeing, it is crucial for you to consult a lawyer to avoid any legal issues that may occur and to make the agreement following the applicable law.

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How To Make a Lease Agreement For Student Boarding House

A lease agreement is a legally written legal document to legally bind a relationship between two parties, either the owner or the tenant. In this deal, some items that are often the object of the lease are among others land, house, money, vehicles, apartments, and so forth. In this time, we will give you a tutorial to make lease agreement for student boarding house.

Lease Agreement 2 Lease Agreement

This exists to protect both parties. For the owner, you can protect the goods you own with the lease and perform certain contracts as desired by both sides. For renters, this rental is useful to protect the right of the lessee following the existing agreement. Therefore, this letter is quite crucial as legally productive consumer and producer protection.

How to make lease agreement

  1. Name of Tenant

Rent a boarding house, means involving the owner and tenant who is usually a student. To make lease agreement, you must first write down your name as the owner and the name of the tenant along with the person who lives with them. This is to control who can stay in boarding house, and avoid others who do not include tenants to stay in the boarding house at a specific time (maximum stay is usually a week).

You also need to limit the occupancy of either the number of people living or the boundaries of territory that can’t be entered by outsiders. Make sure, every name that resides in the boarding house is responsible for the boarding house rented.

  1. Term of Tenancy

Determine how long the tenant will stay in the boarding house. Usually, the lease agreement form covers monthly or annual time, if on a tenant’s lease limit does not extend and does not go, then you as the owner can do a reprimand or grant a grace period. If in the grace period of the tenant does not provide certainty, then you are entitled to empty the boarding house.

  1. Consideration

This rent should be stated with a clear the lease agreement. In this case, you need to report precisely the financial costs that the tenant needs to spend every month, whether for the payment of boarding house, security costs, water costs, electricity costs, and other costs that will be issued by the tenant. Explain also about the maturity of rent payments and the consequences.  Don’t forget to include a payment method.

  1. Regulations

A boarding house tenant who is a student, you must establish rules that apply to the tenants. The usual rules are about the pets that can be used, the limits of visits for the opposite sex, not making noise, taking care of the property lease, paying the rent on time, and so forth. Other things you should look at are security area and cleanliness for the comfort of the tenants.

  1. Signature

To avoid the problem, you need to give legal force to the lease letter by including the signature of each tenant. In this case, the owner and associated tenant must sign in the lease. The sign in the stamp is preferred to have legal force. Make sure your rental agreement complies with the relevant laws. Then, you have written all the rules in detail in the letter of agreement.

That’s some way to create a lease agreement and some essential things that you need to include in the letter of agreement. In the boarding house, some signed rules are necessary to protect your producers and customers. So it is important that this letter is made by applicable law so that something will not harm the parties concerned.