Document background
The Joint Venture Management Agreement is a critical document used when two or more parties establish a joint venture in Germany, requiring careful consideration of German corporate law and governance requirements. This agreement is essential for defining how the joint venture will be managed, operated, and controlled, including specific provisions required under German law such as management board (Vorstand) or managing director (³Ò±ð²õ³¦³óä´Ú³Ù²õ´Úü³ó°ù±ð°ù) responsibilities, supervisory board (Aufsichtsrat) requirements if applicable, and compliance with German corporate governance standards. It is particularly important for international joint ventures involving German entities or operations, as it must bridge different corporate cultures while maintaining compliance with German legal requirements. The document typically follows establishment of the joint venture company itself and serves as the primary governance document alongside the company's articles of association (Gesellschaftsvertrag).
