Key description
- This is a best practice term sheet to be used in conjunction with an international joint venture agreement. It was developed by an international magic circle law firm for its clients to be used in their overseas operations.
Language
Categories
Industries
Covered clausesClauses
1. Parties
2. Business of the Company
3.Name of the Company
4.Contributions to Capital of the Company
1. Business of the Company 3.Name of the Company 4.Contributions to Capital of the Company 5.Contributions to Business of the Company
Governance
6.Board of Managers
7.Management of the Company
8.Shareholder Reserved Matters
9.Deadlock
Funding
10.Share Capital / Shareholding
10. Use of initial share capital and subsequent fund injections
11.Licensing of Intellectual Property
12.Retained earnings / distribution policy
Transfers
13. Share Transfers
14. Events of Default
Other provisions
14. Restrictive Covenants and Exclusivity
14. Information Rights
14. Governing Law and Dispute Resolution of Definitive Agreement
Binding Provisions
14. Costs
19. Confidentiality
14. Governing Law and Dispute Resolution
