Forming a joint venture in India
The key to the success of any joint venture lies in the selection of a good local partner. Once a partner is selected generally a Memorandum of Understanding or a Letter of Intent is signed by the parties. In case of those joint ventures where a new corporate entity for example a company is created, The typical agreement in such a case is the shareholders’ agreement.
Ideally a Shareholders’ Agreement should contain the following clauses :
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