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ARTICLE · 07 SEPTEMBER 2018

Joint Efforts For Joint Ventures

S.S. Rana & Co.
S.S. Rana & Co.
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S.S. Rana & Co.

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The modern-day business world is based upon multiple interdependent transactions.

IndiaCorporate/Commercial Law
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The modern-day business world is based upon multiple interdependent transactions. Often the parties team up with a view to work together for the common objective of earning profits. This arrangement benefiting the parties mutually has become a trending practice. One such mode is the formation of the Joint Ventures.

Joint Ventures

A joint venture (hereinafter referred to as "JV") is a corporate structuring device whereby two or more parties join in to work for a commercial project. Based upon the intentions of the parties of the JV, it may be equity based or contractual, formed for perpetuity or specific time period. The entity which may be used for the purpose of joint venture include incorporated structures such as a company or a limited liability partnership or unincorporated structure like partnerships or strategic alliances.

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