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Exploring Key Contractual Clauses for Joint Ventures under Indian Commercial Laws
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Bhagyamma G.
Research Scholar at Department of Studies in Law, University of Mysore, India
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Prof. (Dr.) Ramesh
Professor at Department of Studies in Law, University of Mysore, India
Abstract
This article discusses the various contractual clauses in joint venture agreements under Indian commercial laws. The joint venture structure is becoming increasingly popular in India due to its advantages. However, joint ventures can be complex and require careful drafting of agreements to avoid disputes. The article highlights key clauses such as the management and control clauses, confidentiality clauses, non-compete clauses, termination clauses, and shareholders' rights clauses. The article also discusses the importance of incorporating a severability clause to ensure that the enforceable clauses of the contract are saved in case of unenforceability of a clause. Henceforth, the article provides insight into the legal considerations for drafting effective joint venture agreements in India.
Type
Article
Information
International Journal of Law Management and Humanities, Volume 6, Issue 2, Page 2993 - 3016
DOI: https://doij.org/10.10000/IJLMH.114750Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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