Examples of Lead Partner in a sentence
The agreement must also clearly identify the Lead Partner, who shall be given the power of attorney to bind the other party/parties in respect of matters pertaining to the joint venture and/or consortium arrangement.
The joint venture and/or consortium agreements must clearly set out the roles and responsibilities of the Lead Partner and the joint venture and/or consortium party.
In case of Consortium, the Award of Work will be issued in the name of the Lead Partner of the Consortium and all payment will be made in the name of the Lead Partner.
The agreement must also clearly identify the Lead Partner, with the power of attorney to bind the other party/parties in respect of matters pertaining to the joint venture and/or consortium arrangement.
The Letter of Intent to enter into a JV or JV agreement should contain, inter alia, the following:- Names of the Lead Partner and each of the other members- Percentage share of each JV member- Confirmation of Joint and Several Liability of all members of the JV The JV is permissible at prequalification Stage only.