A shareholders joint venture contract is a legal document or agreement that exists between two parties, both of which are organizations. In this contract however, one of the parties is also a shareholder and has a larger stake in the joint venture.
Sample shareholders joint venture contract
Contract number: SJV/4538/30/2011
Effective Date of contact: November 30th, 2011.
This shareholders joint venture contract is an official agreement, wherein both parties have mutually agreed to work towards implementation and management of the joint venture project or company.
Whereas Company A is located at
Address: 9431 De Vargas Loop Northeast,
Albuquerque NM 87109
Phone: (505) 797-3410
Whereas the Company B is located at
Address: 6600 Pecos Street,
Farmington NM 87402
Phone: (505) 324-8820
Following terms and conditions are important aspect of the shareholders joint venture contract and need to be followed:
- Finance:Both parties participating in this shareholders joint venture contract – “Estel International” and “FusionX” can apply for third party financing in order to fulfil the obligations of required capital. The authorized share capital of “Estel International” will be for $5 million and a paid-up share capital of $4,960,000.
- Management:Holding company is “Estel International” and they will be entitled for nomination of a minimum of 3 directors and chairman of the board to assist in the management of the daily affairs and operation of the joint venture project. “Estel International” and “FusionX” have equal proportion of representation in the board.
- Assignment:This joint venture contract cannot be assigned to a third party by any of the parties involved in this contract without prior written consent send to the other party.
Both the parties are requested to validate the contract:
Signature on behalf of the Estel International:
Signature on behalf of the FusionX: