Differences

This shows you the differences between two versions of the page.

--- business:agritrade_scm_crm_erp:partnership [2023/12/09 15:02] – wikiadmin
+++ business:agritrade_scm_crm_erp:partnership [2024/09/10 10:41] (current) – wikiadmin
@@ Line 1: / Line 1: @@
 ====== Agritrade SCM CRM ERP Joint Venture Agreement ======
+===== JOINT VENTURE AGREEMENT =====
-**JOINT VENTURE AGREEMENT**
+This Joint Venture Agreement (the “Agreement”) is entered into on **[Date]**, by and between:
-This Joint Venture Agreement (the "Agreement") is entered into on [Date], by and between:
+**Party A**: Applied Technology Research Center, a company organized and existing under the laws of **[Country]**, with its principal office located at **[Address]** (“Development Company”),
-**Party A: Applied Technology Research Center, a company organized and existing under the laws of [Country], with its principal office located at [Address] ("Development Company"),**
+and
-**and**
+**Party B**: **[Joint Venture Partner Name]**, a company organized and existing under the laws of **[Country]**, with its principal office located at **[Address]** (“Joint Venture Partner”).
-**Party B: [Joint Venture Partner Name], a company organized and existing under the laws of [Country], with its principal office located at [Address] ("Joint Venture Partner").**
+Collectively referred to as the “Parties.”
-Collectively referred to as the "Parties."
+WHEREAS, the Development Company has expertise in software development;
-**WHEREAS,** the Development Company has expertise in software development;
+WHEREAS, the Joint Venture Partner has market knowledge and access to customers in Pakistan in the grain and rice export, milling, and trading industry;
-**WHEREAS,** the Joint Venture Partner has market knowledge and access to customers in Pakistan in the grain and rice export, milling, and trading industry;
+WHEREAS, the Parties desire to form a joint venture for the development and sale of a software solution to manage the business operations for grain and rice exporters, millers, and traders;
-**WHEREAS,** the Parties desire to form a joint venture for the development and sale of a software solution to manage the business operations for grain and rice exporters, millers, and traders;
+NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Parties agree as follows:
-**NOW, THEREFORE,** in consideration of the mutual covenants contained herein, the Parties agree as follows:
+==== 1. Joint Venture Purpose ====
-### 1. Joint Venture Purpose
 The purpose of this Joint Venture is to develop and sell a software solution and related services designed for the management of business operations for grain and rice exporters, millers, and traders.
-### 2. Roles and Responsibilities
+==== 2. Roles and Responsibilities ====
-.1 **Development Company Responsibilities:**
+**2.1 Development Company Responsibilities**:
 The Development Company shall be responsible for the global development, enhancement, and maintenance of the software.
-.2 **Joint Venture Partner Responsibilities:**
+**2.2 Joint Venture Partner Responsibilities**:
 The Joint Venture Partner shall be responsible for sales, marketing, and customer support in Pakistan.
-### 3. Revenue Sharing
+==== 3. Revenue Sharing ====
-.1 The Parties agree to share the revenues generated from the sale of the software and services as follows:
+**3.1 The Parties agree to share the revenues generated from the sale of the software and services as follows:**
-- **Development Company:** 100% of the profit generated globally.
+  * Development Company: 100% of the profit generated globally.
+  * Joint Venture Partner: 60% of the profit generated within Pakistan.
-- **Joint Venture Partner:** 60% of the profit generated within Pakistan.
+==== 4. Intellectual Property ====
-### 4. Intellectual Property
 All intellectual property developed during the term of this Joint Venture shall be jointly owned by the Parties.
-### 5. Duration and Termination
+==== 5. Duration and Termination ====
-This Joint Venture shall commence on [Effective Date] and shall continue until terminated by mutual agreement of the Parties or by written notice from either Party with [Number] days' notice.
+This Joint Venture shall commence on **[Effective Date]** and shall continue until terminated by mutual agreement of the Parties or by written notice from either Party with **[Number]** days' notice.
-### 6. Confidentiality
+==== 6. Confidentiality ====
 The Parties agree to maintain the confidentiality of all proprietary information related to the Joint Venture.
-### 7. Governing Law
+==== 7. Governing Law ====
-This Agreement shall be governed by and construed in accordance with the laws of [Country].
+This Agreement shall be governed by and construed in accordance with the laws of **[Country]**.
 IN WITNESS WHEREOF, the Parties hereto have executed this Joint Venture Agreement as of the Effective Date first above written.
@@ Line 64: / Line 62: @@
 **Applied Technology Research Center**
+By: __
+**[Authorized Signatory]**
+**[Name]**
+**[Title]**
+**[Date]**
-By: ___________________________
+**[Joint Venture Partner Name]**
+By: __
-[Authorized Signatory]
+**[Authorized Signatory]**
+**[Name]**
-[Name]
+**[Title]**
+**[Date]**
-[Title]
-[Date]
-**[Joint Venture Partner Name]**
-By: ___________________________
-[Authorized Signatory]
-[Name]
-[Title]
-[Date]