What is a Joint Venture?
A joint venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.
Joint Venture Registration In South Africa
Joint ventures in South Africa are governed by the Companies Act, which sets out the legal requirements for forming, operating, and dissolving a JV.
Parties need to seek legal advice and ensure that their JV agreement complies with the Companies Act and other relevant laws and regulations.
What documents are required for a joint venture?
Memorandum of understanding/ Letter of intent.
Term sheets.
Business transfer agreement.
Agreement for the transfer of intellectual property.
Technology transfer agreements.