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1. Parties: Identification of all joint venture parties involved in the termination
2. Background: Reference to the original joint venture agreement and reason for termination
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination: Clear statement of the termination of the joint venture and effective date
5. Settlement of Accounts: Agreement on final accounting and financial settlements between parties
6. Asset Distribution: Provisions for the distribution or disposal of joint venture assets
7. Liabilities and Obligations: Allocation of existing liabilities and ongoing obligations
8. Mutual Release: Release of claims between parties subject to specified exceptions
9. Confidentiality: Ongoing obligations regarding confidential information
10. Surviving Provisions: Identification of provisions that survive termination
11. Governing Law: Specification of applicable law and jurisdiction
12. General Provisions: Standard boilerplate provisions including notices, amendments, and counterparts
1. Employee Matters: Provisions dealing with employees if the JV had direct employees
2. Intellectual Property Rights: Distribution of IP rights if the JV developed or owned IP
3. Ongoing Projects: Handling of incomplete projects or contracts if applicable
4. Tax Matters: Specific tax arrangements if complex tax implications exist
5. Non-Competition: Post-termination competition restrictions if agreed
6. Transition Services: Arrangements for transitional services if required
7. Insurance: Provisions for maintaining insurance coverage for past activities
8. Environmental Matters: Environmental liability allocation if relevant to the JV's operations
1. Schedule A - Asset Distribution: Detailed list of assets and their agreed distribution
2. Schedule B - Liability Allocation: Comprehensive list of liabilities and their allocation
3. Schedule C - Final Settlement Statement: Detailed financial settlement between the parties
4. Schedule D - Ongoing Contracts: List of contracts and their disposition
5. Schedule E - Required Consents: List of third-party consents required for termination
6. Appendix 1 - Termination Timeline: Detailed timeline for implementing the termination
7. Appendix 2 - Form of Release: Form of mutual release to be executed
8. Appendix 3 - Closing Documents: List of documents required for termination closing
Original Joint Venture Agreement
Effective Date
Termination Date
Joint Venture
Joint Venture Entity
Parties
Business Day
Confidential Information
Distributed Assets
Excluded Assets
Intellectual Property Rights
Joint Venture Assets
Joint Venture Liabilities
Losses
Material Adverse Effect
Representatives
Retained Liabilities
Settlement Statement
Surviving Provisions
Transition Period
Working Capital
Closing
Closing Date
Encumbrance
Governmental Authority
Law
Notice
Permits
Related Parties
Third Party Claims
Transaction Documents
Transfer
Outstanding Obligations
Release
Termination Consideration
Dispute
Force Majeure Event
Material Contracts
Books and Records
Interpretation
Termination
Asset Distribution
Liability Allocation
Financial Settlement
Mutual Release
Confidentiality
Intellectual Property
Employee Matters
Tax Matters
Indemnification
Representations and Warranties
Non-Competition
Non-Solicitation
Transition Services
Third Party Consents
Records Retention
Dispute Resolution
Governing Law
Force Majeure
Assignment
Notices
Severability
Entire Agreement
Amendment
Waiver
Costs
Further Assurance
Counterparts
Survival
Publicity
Insurance
Environmental Matters
Regulatory Compliance
Oil & Gas
Mining
Real Estate Development
Technology
Manufacturing
Infrastructure
Renewable Energy
Healthcare
Telecommunications
Financial Services
Construction
Pharmaceuticals
Agriculture
Transportation & Logistics
Legal
Corporate Development
Finance
Executive Leadership
Operations
Risk Management
Business Development
Corporate Secretary Office
Compliance
Strategy
Commercial
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Chief Operating Officer
General Counsel
Corporate Secretary
Business Development Director
Joint Venture Manager
Strategic Partnership Director
Legal Counsel
Corporate Development Manager
Finance Director
Risk Manager
Operations Director
Commercial Director
Board Member
Managing Partner
Project Director
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