Joint Venture Collaboration Agreement

If parties have decided to enter into a contractual joint venture in Singapore, consider enter into an agreement to enhance the collaboration. This will be quite similar to the joint venture shareholders agreement – except that there will be no differentiation between board and shareholders since a corporate vehicle has not been established to facilitate the joint venture.

Similar principles apply. The agreement should set out the following:

  • Process for decision making
  • Information rights
  • Term and termination
  • Consequences of termination
  • Allocation of budgets
  • Ownership of inventions that arise from the collaboration
  • Confidentiality provisions
  • Non-compete and non-solicitation provisions

Contact us for the pro-s and con-s of the different types of joint venture vehicles.

 

 

 

 

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