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Joint Venture Operating Agreement
"Need a Joint Venture Operating Agreement under Singapore law for a technology manufacturing partnership between our company and a Korean electronics manufacturer, with specific provisions for IP sharing and technology transfer, planned to commence in March 2025."
1. Parties: Identification and details of all joint venture participants
2. Background: Context of the joint venture and parties' intentions
3. Definitions: Key terms used throughout the agreement
4. Business of the Joint Venture: Scope and nature of the JV business
5. Capital Contributions: Financial and non-financial contributions of each party
6. Management Structure: Governance framework and decision-making processes
7. Profit Distribution: Method of sharing profits and losses
8. Term and Termination: Duration and circumstances for termination
1. Non-Competition: Restrictions on competing activities (used when parties operate in similar markets)
2. Intellectual Property Rights: IP ownership and licensing arrangements (used when IP is significant to the venture)
3. Technology Transfer: Terms for sharing technical knowledge (used in technology-focused ventures)
4. Employee Matters: Staff deployment and management (used when involving significant personnel transfers)
1. Business Plan: Detailed operational and financial projections
2. Capital Contribution Schedule: Detailed breakdown of each party's contributions
3. Management Structure Chart: Organizational structure and reporting lines
4. Asset Register: List of assets contributed to the JV
5. IP Schedule: Details of intellectual property rights
6. Key Performance Indicators: Metrics for measuring JV performance
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