top of page
ICC Model Contract: Joint Venture
In complex transactions, international as well as national co-operation between companies require solid and balanced terms and conditions.

ICC has prepared this Joint Venture Model Contract for use by small, medium-sized or large companies in order to provide them with a unique, balanced platform that is fair to all parties.
The model allows for a solid decision-making process, a clear allocation of participation and provision of resources, the need for swift and effective dispute resolution, and the need for complete and informed allocation of risks.

If you purchase the digital version (eBook), we have included a link on the copyright page of the Model so you can download the word version directly and save and edit as needed.If parties have no need to draw up a special contract of their own, they can use the entire model, which has been drafted to assure balance for both sides.
 
 

eBook: 780E ICC Model Contract Joint Venture

€ 62,00Price
  •  Code ISBN : 978-92-842-0376-5
     Weight : 0.2900 kgs
     Number of pages : 45
     Publishing date : 2018
     Language : English
     Format in cm : 21*29.7 / Paper version: USB key. EBook: link to the word version.

  • FOREWORD 

    INTRODUCTION 

    MAIN AGREEMENT FORM 

    SECTION I: SPECIAL CONDITIONS 

    SECTION II: GENERAL CONDITIONS 

    1.    ARTICLE 1: DEFINITIONS AND INTERPRETATION

    1.1. Wording of the Agreement

     

    2.    ARTICLE 2: FORMATION OF THE JOINT VENTURE

    2.1. Object and Purposes

    2.2. Administrative Office

     

    3.    ARTICLE 3: FINANCIAL PLANS, CONTRIBUTIONS, PROFIT AND LOSS SHARING

    3.1. Financial plans

    3.2. Contributions

    3.3. Warranties on Contributions

    3.4. Profit and Loss Sharing and Distribution

    3.5. Shared Assets

    3.6. At the Termination of the Joint Venture:

     

    4.    ARTICLE 4: ORGANISATION AND DECISION MAKING

    4.1. General Organisation

    4.2. Steering Committee

    4.3. Project Management

     

    5.    ARTICLE 5: PRINCIPLES OF JOINT OPERATION

    5.1. Good Faith and Fair Dealing

    5.2. Duty to Inform and Co-operate

    5.3. Exclusivity

    5.4. Same Regard to the Best Interests of the Joint Venture as to Individual Interests of the Joint-Venture Members

    5.5. Non-payment by Employer

    5.6. No Authority to Represent

    5.7. Prohibition of Corruption

    5.8. Compliance with Applicable Laws and Standards of Ethics

     

    6.    ARTICLE 6: PREPARATION, SUBMISSION AND ACCEPTANCE OF THE OFFER

    6.1. Preparation of the Offer

    6.2. Non-award of Contract

     

    7.    ARTICLE 7: SECURITIES

     

    8.    ARTICLE 8: INSURANCE

    8.1. Work Insurance

    8.2. Other Insurance

     

    9.    ARTICLE 9: FINANCIALS AND ACCOUNTING

    9.1. Joint-Venture Account

    9.2. Invoicing

    9.3. Payments

    9.4. Financing

    9.5. Unpaid Working Capital

    9.6. Accounts

     

    10. ARTICLE 10: TAXES

    10.1.            Tax Obligations

    10.2.            Value-Added Tax

    10.3.            Taxation of the Joint Venture

     

    11. ARTICLE 11: CONFIDENTIALITY

     

    12. ARTICLE 12: LIABILITY

    12.1.            Liability towards the Employer and/or Third Parties

    12.2.            Liability towards the other Joint-Venture Members

    12.3.            Liability of the Joint-Venture Project Management and Limitation of Liability

    12.4.            Exclusion of further Claims

     

    13. ARTICLE 13: EXPULSION

    13.1.            Grounds for Expulsion

    13.2.            Procedure of Expulsion

    13.3.            Continuation of the Joint Venture

    13.4.            Use of Property

    13.5.            Liability for Work Provided

    13.6.            Liability for Damages

    13.7.            Execution by Substitution

     

    14. ARTICLE 14: DURATION AND TERMINATION

    14.1.            Effective Date

    14.2.            Causes for Termination

    14.3.            Consequences of Termination

     

    15. ARTICLE 15: CLAIMS, DISPUTE RESOLUTION AND ARBITRATION

     

    16. ARTICLE 16: CHOICE OF LAW

     

    17. ARTICLE 17: MISCELLANEOUS

    17.1.            Duty to Mitigate

    17.2.            Assignment

    17.3.            Amendments

    17.4.            Communications in Writing

    17.5.            Written Form

    17.6.            Partial Invalidity, Omissions

    17.7.            Language of the Agreement, Correspondence, Documentation

    17.8.            Waivers

    17.9.            Entire Agreement

    17.10.         Counterparts

    17.11.         Announcements

    17.12.         Alleging Lack of Capacity

    17.13.         Waiver of Sovereign Immunity and Similar Privileges

    17.14.         Provisions to Continue

     

    ANNEX 1: CONTRIBUTIONS 

    ANNEX 2: FINANCIAL PLANS 

    APPENDIX I: ICC ANTI-CORRUPTION CLAUSE 

    ICC INTERNATIONAL CONTRACTS SERIES 

    ABOUT THE INTERNATIONAL CHAMBER OF COMMERCE (ICC)

bottom of page