The Contractual Joint Venture Agreement is utilized when parties wish to collaborate on specific projects or business ventures while maintaining their separate legal identities under Austrian law. Unlike incorporated joint ventures, this arrangement doesn't create a new legal entity but rather establishes contractual obligations between the parties. The document is particularly suitable for time-limited projects, specific business opportunities, or when parties want to test collaboration before forming a more permanent structure. It must comply with Austrian regulatory requirements, including competition law, and typically includes detailed provisions on resource sharing, profit distribution, management responsibilities, and risk allocation. This type of agreement is commonly used in cross-border transactions where Austrian law provides a neutral and well-established legal framework.
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1. Parties: Identification and details of the joint venture partners
2. Background: Context of the joint venture formation and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Purpose and Scope: Detailed description of the joint venture's objectives and scope of activities
5. Contributions: Specification of each party's contributions (financial, assets, intellectual property, etc.)
6. Management and Control: Decision-making processes, management structure, and voting rights
7. Financial Arrangements: Profit sharing, losses, accounting principles, and financial management
8. Confidentiality: Protection of confidential information and trade secrets
9. Intellectual Property Rights: Ownership and usage rights of IP brought into or created during the joint venture
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Competition and Non-Solicitation: Restrictions on competing activities and solicitation of employees
12. Representations and Warranties: Parties' statements about their capacity and authority to enter the agreement
13. Liability and Indemnification: Allocation of risks and responsibilities between parties
14. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law
15. General Provisions: Standard clauses including notices, amendments, and severability
1. Marketing and Branding: Rules for using names, logos, and marketing materials (include if joint venture involves shared branding)
2. Employee Matters: Employment arrangements and secondment of staff (include if employees will be shared or transferred)
3. Insurance: Insurance requirements and coverage (include for high-risk activities)
4. Environmental Compliance: Environmental obligations and compliance (include for industrial or manufacturing ventures)
5. Technology Transfer: Terms for technology sharing and transfer (include if significant technology sharing is involved)
6. Export Control: Export control compliance (include for international operations or restricted products)
7. Data Protection: GDPR and data protection compliance (include if personal data processing is involved)
8. Force Majeure: Provisions for unforeseen circumstances (include for long-term or high-value ventures)
1. Business Plan: Detailed business plan including objectives, strategy, and financial projections
2. Contribution Schedule: Detailed list and valuation of each party's contributions
3. Management Structure: Organizational chart and detailed management procedures
4. Financial Procedures: Detailed accounting procedures and financial reporting requirements
5. IP Register: List of intellectual property rights brought into the joint venture
6. Key Personnel: List of key personnel and their roles
7. Insurance Requirements: Detailed insurance specifications and coverage requirements
8. Compliance Procedures: Detailed compliance and reporting procedures
9. Form of Notices: Template forms for various notices required under the agreement
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