Pengertian Joint Venture Agreement
The definition of a joint venture contract is the duration of a joint venture contract or a translation of the word joint venture agreement. This issue is defined in Small Business Act 9, 1995, also known as the Partnership Agreement. The aim of the partnership agreement is cooperation between small and medium-sized stones, the very form of this cooperation being capital or qualifications. Sometimes in the management of a business, there are several opportunities when the company faces difficulties such as lack of resources or lack of technological knowledge. In general, this occurs during product line diversification or expands to new markets. A joint venture may be the right solution in this situation. Before we understand how the joint venture works, let`s first discuss the joint venture. Puri`s own shares in the joint venture system have reached $97 million and will have to be paid out over the next four years. Shareholders are elected by the Board of Directors, i.e. by the CEO of Join Ventures and its creation must have a legal form of PT (Limited Liability Company).
The parties involved in the joint venture system generally have pre-defined objectives. In general, they clearly indicate this objective in the agreements and agreements they have concluded. In a joint venture, there is an agreement for a joint venture, a joint venture agreement or a joint venture agreement. Peter Mahmud stated that a joint venture agreement is a contract or agreement between two companies to create a new company called a joint venture company. A joint venture is an agreement between two or more companies to achieve a common goal. The agreement is not permanent, i.e. the agreement between the two companies wishing to merge commercial entities has a certain period of time. All companies participating in the joint venture process must enter into a written agreement containing rights and obligations, as well as the relationship between profit sharing and losses, which will be obtained at a later date as part of the joint venture procedure.
In Indonesia itself, the joint venture system has been governed by the following laws: there are parties linked to joint venture contracts, foreign investment firms incorporated under Indonesian law or Indonesian citizens.