#JOINT VENTURE AGREEMENT PROFESSIONAL#
Losses: all damages, liabilities, demands, costs, expenses, claims, actions and proceedings (including all consequential, direct, indirect, special or incidental loss or punitive damages or loss, legal and other professional fees, cost and expenses, fines, penalties, interest and loss of profit or any other form of economic loss (including loss of reputation)) Know-how: inventions, discoveries, improvements, processes, formulae, techniques, specifications, technical information, methods, tests, reports, component lists, manuals, instructions, drawings, and information relating to customers and suppliers (whether written or in any other form and whether confidential or not)
#JOINT VENTURE AGREEMENT SOFTWARE#
Intellectual Property Rights: copyright, patents, rights in inventions, rights in confidential information, Know-how, trade secrets, trademarks, service marks, trade names, design rights, rights in get-up, database rights, rights in data, semiconductor chip topography rights, mask works, utility models, domain names, rights in computer software and all similar rights of whatever nature and, in each case: (i) whether registered or not, (ii) including any applications to protect or register such rights, (iii) including all renewals and extensions of such rights or applications, (iv) whether vested, contingent or future and (v) wherever existing Control: has the meaning given in the Companies Act, 2013 and Controls and Controlled shall be interpreted accordingly Contract Year: each consecutive period of 12 months commencing from the Commencement Date Commencement Date: the formal date on which the joint venture will commence, i.e. Business Day: a day other than a Saturday, Sunday or bank or public holiday in India Authorised Persons: a party's, and its Affiliates (if applicable) officers, directors, members, partners, and any of their employees, consultants, agents, representatives or professional advisers Affiliate: any entity that directly or indirectly Controls, is Controlled by, or is under common Control with, another entity NOW THEREFORE IN CONSIDERATION OF the premises and the mutual covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto covenant and agree as follows: This Agreement sets out the relationship between the Parties as well as the respective rights and responsibilities of each Party. The Parties are interested in working together to carry on the following business:ī. (referred to herein as "Parties" or individually as "Party")Ī. _ residing at _ (hereinafter referred to as " Second Party" or " Party 2" which expression shall mean and include its legal heirs, administrators and permitted assigns). _ residing at _ (hereinafter referred to as " First Party" or " Party 1" which expression shall mean and include its legal heirs, administrators and permitted assigns), This joint venture agreement (" Agreement") is made on this _ at _:
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