Business & contractsIndia

Agree the terms of a joint venture

Gather the facts for your next move.

Compare responsibilities and unresolved decisions before writing the final contract.

ImportantPeoplePrep worksheet

Who it goes to: Potential venture parties; legal and tax advisers

Where it applies: India; state, tax and recipient-specific requirements vary

Prepare this
01 · What is this?

Compare responsibilities and unresolved decisions before writing the final contract.

02 · When is it useful?

Use when this task matches your situation and place.

03 · Start here

Write what each party expects to contribute and receive.

Gather your pieces

  1. Write what each party expects to contribute and receive.
  2. List existing commitments and ownership of materials.

Your prep sheet

Replace each [bracketed label] with your own verified details. Open the editor to make it yours, then read it through before sending.

JOINT VENTURE — NEGOTIATION WORKSHEET
Prepared by: [Your name]
For discussion with: [Recipient / other party]
Date: [Document date]

Opportunity and factual background:
[Facts and background]

Proposed roles and contributions:
[Roles and contributions]

Expected money, ownership and control:
[Money, ownership and control]

Open decisions, assumptions and conditions:
[Open items]

Decisions or advice requested:
[Purpose / requested action]

Before drafting, resolve: contractual venture or separate entity; who can bind whom; who funds losses; who owns existing and new IP; approvals and reporting; handling of personal data; taxes and licences; deadlock and exit. Mark each term as proposed, agreed for drafting, or unresolved. This worksheet is for negotiation and does not state that a final agreement has been made.

Your next moves

  1. Resolve open decisions with both parties.
  2. Use the contract starter and obtain legal/tax review for the selected structure.

Real-world check

A negotiation worksheet, not a binding term sheet or venture registration. If you need binding exclusivity or confidentiality terms, agree and review them separately.

Sources & official links