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    Joint Venture (JV) Agreement: For Providing Consultancy Services For "Project Name"

    Uploaded by

    Asadur Rahman
    Three consulting firms have agreed to form a joint venture to provide consultancy services for a "Project Name". They will work together under the name "JV of Company 1-Company 2-Company 3" and share responsibilities equally. Company 1 will act as the representative. They will form a Project Management Committee with one member from each firm to oversee the project. Funds will be jointly contributed and held in a bank account requiring two signatures to pay expenses which will be shared equally after costs. Any disputes will be resolved by the Committee or sent to arbitration.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Joint Venture (JV) Agreement: For Providing Consultancy Services For "Project Name"

    Uploaded by

    Asadur Rahman
    997 views4 pages
    Three consulting firms have agreed to form a joint venture to provide consultancy services for a "Project Name". They will work together under the name "JV of Company 1-Company 2-Company 3" and share responsibilities equally. Company 1 will act as the representative. They will form a Project Management Committee with one member from each firm to oversee the project. Funds will be jointly contributed and held in a bank account requiring two signatures to pay expenses which will be shared equally after costs. Any disputes will be resolved by the Committee or sent to arbitration.

    Original Description:

    Sample JV Agreement between three company

    Original Title

    JV Agreement

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    Three consulting firms have agreed to form a joint venture to provide consultancy services for a "Project Name". They will work together under the name "JV of Company 1-Company 2-Company 3" and share responsibilities equally. Company 1 will act as the representative. They will form a Project Management Committee with one member from each firm to oversee the project. Funds will be jointly contributed and held in a bank account requiring two signatures to pay expenses which will be shared equally after costs. Any disputes will be resolved by the Committee or sent to arbitration.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    997 views4 pages

    Joint Venture (JV) Agreement: For Providing Consultancy Services For "Project Name"

    Uploaded by

    Asadur Rahman
    Three consulting firms have agreed to form a joint venture to provide consultancy services for a "Project Name". They will work together under the name "JV of Company 1-Company 2-Company 3" and share responsibilities equally. Company 1 will act as the representative. They will form a Project Management Committee with one member from each firm to oversee the project. Funds will be jointly contributed and held in a bank account requiring two signatures to pay expenses which will be shared equally after costs. Any disputes will be resolved by the Committee or sent to arbitration.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 4

    JOINT VENTURE (JV) AGREEMENT

    For

    Providing Consultancy Services for “Project Name”

    I. The following 03 (three) Firms have decided to form a Joint Venture (JV) Association for
    Providing Consultancy Services for the “Project Name".

    1. Name and Address of JV Company 1.

    2. Name and Address of JV Company 2.

    3. Name and Address of JV Company 3.

    Whereas

    II. The Consultancy services shall be rendered by the above-mentioned firms in the form of a
    JV, hereinafter be treated as a “JV of Short Name Company 1-Short Name company 2-
    Short Name company 3” for the purpose of the above assignment and shall be valid for the
    above-mentioned project only.

    Page 1 of 4
    III. The “JV of COMPANY 1- COMPANY 2- COMPANY 3” shall jointly and equally responsible
    for providing services and support in preparing proposals, and implementing consultancy
    services, if offered by the client. The JV has been agreed that ABL will be the leading firm,
    and act as a representative of the JV.

    IV. The “JV of COMPANY 1- COMPANY 2- COMPANY 3” shall form a Project Management
    Committee (PMC) consisting of one representative from each of the 03 (three) firms to
    manage the project assignment.

    The Parties shall have the right to change their representative upon due notice to the other
    party of the Association.

    V. A Current Account shall be opened with any local schedule bank by the PMC for the receipt
    and payment of all costs including salaries and allowances of the project staff, out-of-pocket
    expenses, etc. for implementation of the proposed consultancy services under the “JV of
    COMPANY 1- COMPANY 2- COMPANY 3”. The JV Account shall be jointly operated by two
    of the nominated representatives of the PMC.

    VI. A fund as decided by the PMC shall be mobilized from the equal contribution of each firm of
    the “JV of COMPANY 1- COMPANY 2- COMPANY 3” to meet initial-expenses before
    receiving the 1st payment from the client, and also the amount; if required during the
    assignment period.

    VII. All expenses including salaries & other benefit of the project staff and other project related
    expenses including services charge shall be met from the JV Account. After meeting
    expenses, a portion of accumulated fund in the JV Account as decided by PMC periodically,
    shall be withdrawn as overhead, and finally the profit & loss of this JV be shared equally.

    Page 2 of 4
    Page 3 of 4
    VIII. Any controversy or misunderstanding arises to the Understanding or breach of the clause(s)
    of the agreement that could be resolved mutually by the Project Management Committee, if
    failed that shall be referred to the three arbitrators consisting of one nomination from each
    party, and the unanimous decision of arbitrators shall be binding on all parties of the Joint
    Venture (JV).

    Any other details will be settled by mutual discussion by the Project Management Committee (PMC)
    later on.

    Dhaka, dated

    Md. Name Name Name


    Designation Designation Designation

    Date: Date: Date:

    Page 4 of 4

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