Common Contracts
1 similar Joint Venture Agreement contracts
Joint Venture AgreementJoint Venture Agreement • October 1st, 2020
Parties to a joint venture usually intend to acquire and hold a business interest in common and to finance such business interest. They can do so under the form of a company without legal personality or under the form of a company with legal personality. A company under Belgian law is incorporated by an agreement whereby two or more parties agree to put something in common with the intention to carry out one or more precisely defined activities and with a view to providing the shareholders with a direct or indirect benefit. The choice of a company avoids the necessity of numerous separate agreements, keeps the legal title to the business interest in a simple and practicable form, facilitates the collection and distribution of profits accruing under the business interest and allows for the governance of the joint venture. A company with legal personality has the additional advantage of a common interest distinct from the shareholders. For a joint business enterprise which does not have
