Joint venture (JV) me do ya zyada businesses ek specific project ya company ke liye team up karte hain. JV agreement decide karta hai ki kaun kya layega – capital, technology, licences, local know-how – aur kaise control aur profit share honge.
Key questions:
- Board composition, veto rights, quorum, reserved matters,
- Profit distribution vs reinvestment policy,
- Non-compete clauses, IP ownership and licensing,
- Exit routes – buy-sell, shotgun, put/call options, IPO, winding up,
- Deadlock mechanisms – jab big decisions pe bar-bar tie ho jaye.
Deadlock solutions ho sakte hain mediation, escalation to senior management, third-party casting vote, ya structured exit formula.
JV agreements me har clause future ka potential fight imagine karke draft kiya jata hai. “Sab doston jaisa chal jayega” attitude almost guaranteed disappointment ka recipe hai.