Here is the situation which needs to be addressed in preparation of Legal Document / Contract for JV :
We are a Design and Engineering Firm. (Hereby shall be referred to as SLABS)
We want to collaborate with Investor cum Contracting firm (Hereby shall be referrred to as Partner)
Responsibilities of each other :
SLABS : Shall be taking care of Business day to day operations, Setting up Precast Plant, Running the Precast Plant, Responsible for P&L, HR, IT, Engineering Design, Financial Management on day to day basis shall be responsibility of SLABS
Partner : Shall be Investor for Initial Captial Investment required to setup the Plant, Shall be responsible for Marketing, Business Development and Getting the work shall be Partnering Company (Partner) responsibility
Define professional terms of commercials in the contract. Define distribution of Job responsibilities of each of professional companies getting engaged in this contract.
As Per Local Laws of Middle East; Contractual Document to be drafted. Ownership requirements and % of ownerships to be defined and reviewed keeping in mind local bye laws of middle east. Further more details to be given once the legal professional advisor be on board with us.
Only genuine experienced professionals who have dealt situations of JV, Partnership, M&A etc. should bid for this project. Please respect each others time.
Read the entire case study before Bidding for this work.