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DELHI METRO RAIL CORPORATION LTD. (A Joint Venture of the Govt. of India and the Govt. of the NCT of Delhi)The Lifeline of DelhiADVT No. DMC/PEERS/22/HR/2023(138) Dated: 25/09/2023 REQUIREMENT OF
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01
Identify a suitable partner for the joint venture.
02
Clearly outline the objectives and goals of the joint venture.
03
Draft a joint venture agreement detailing the roles, responsibilities, and profit-sharing arrangements.
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Seek legal advice to ensure compliance with regulations and protection of interests.
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Establish a communication and decision-making process for the joint venture.
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Monitor and evaluate the progress of the joint venture regularly.

Who needs a joint venture of?

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Companies looking to expand into new markets but lack the resources or expertise.
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A joint venture is a business arrangement where two or more parties pool their resources to achieve a specific goal or project.
Parties involved in a joint venture are required to file a joint venture agreement to outline their respective roles, responsibilities, and contributions.
To fill out a joint venture agreement, parties must provide details on the project, investment amounts, profit-sharing arrangements, management structure, and dispute resolution mechanisms.
The purpose of a joint venture is to combine resources, expertise, and market access to pursue opportunities that may be too risky or costly for one party to undertake alone.
Information reported on a joint venture agreement typically includes the names of the parties, scope of the project, investment amounts, profit-sharing percentages, and termination clauses.
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