This Joint Venture Agreement (hereinafter referred to as “Agreement’) made and entered into this 23th of July 2021.
Name of Joint Venture
The business and affairs of the Joint Venture shall be conducted solely and at all times under the name of JV.
Scope of Partner's Authority
Except as otherwise expressly and specifically provided in this Agreement, neither Partner shall have any authority to act for, or to assume any obligations or responsibility on behalf of, the other Partner or the Joint Venture.
Place of Business
The place of business of the Partnership shall be at such place or places as the Partners shall from time to time hereafter determine.
Profits and Losses
In each Fiscal Year all items of income and gain, and expense and loss of the Partnership shall be determined by the Accountants of the Partnership at the end of each Fiscal Year.
Participation in Profits and Losses:
The net profits of the Partnership shall be divided and the net losses of the partnership shall be allocated to the Partners according to their respective Partnership Ownership Percentage Interests. No interest or additional share of profits shall inure to any Partner by reason of his capital account being proportionately in excess of the capital accounts of the others.
Governing Law:
Except as expressly stipulated in this Agreement to the contrary, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Partnership Act or any successor legislation or other statute which may be passed to take the place of the Act or to amend same.
FrameNet | WordNet | ||||||
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Search term | Match/manually identified match | Core attributes | Non-core attributes | Match | Direct Hypernims | Direct Hyponims | |
Partner | Collaboration | Partner1, Partner2, Partners, Undertaking | Degree, duration, manner, mean, place, time | Partner | person, individual, someone, somebody, mortal, soul | copartner, silent partner, sleeping partner | |
Currency | N/A | Currency | medium of exchange, monetary system | money, eurocurrency, cash, hardcurrency, paper money, folding money, metal money | |||
Joint-Venture | Collaboration | Partner1, Partner2, Partners, Undertaking | Degree, duration, manner, mean, place, time | Joint venture | Venture | foreign direct investment | |
Business | Businesses | Business | Business name, descriptor, place, product, proprietor, service | Business | Entreprise | agency, brokerage, carrier, firm, franchise, dealership, manufacturer, maker, partnership | |
Modify | Cause_change | Agent, entity, final category, final value, initial category, initial value, attribute, cause | Circumnstances, containing event, degree, duration, event description, explanation, manner, means, period of iteration, purpose, re-encoding, role, time | Modify | N/A | N/A | |
Partnership | Co-association | Participant1, Participant2, institution, name, place | Partnership | Business, concern, business concern, business organization, business organisation | copartnership | ||
Agreement | Make_agreement_on_action | Obligation, parties, party1, party2, topic | Descriptor, manner, medium, place, time | Agreement | statmenet | confederacy, covenant, sales, bargain, deal, gentlemen agreeement, written agreement | |
Profit | Earnings_and_losses | Earner, earnings | Buyer, containing event, explanation, good, matter, means, place, purpose, rate, time, unit | Profit | income | earning per share, gross profit, gross profit margin, margin, dividend | |
Expense | Expensiveness | Assets, goods, intented event, payer | Degree, origin, rate, time | Expense | cost | operating expense, operating cost, overhead, budget items, interest expense, business expense, cash expense | |
Losses | Earnings_and_losses | Earner, earnings | Buyer, containing event, explanation, good, matter, means, place, purpose, rate, time, unit | Loss | transferred property, transferred possession | financial loss, wastage, forfeit |