Deed to establish the Joint Venture. Equal partnership in joint venture operations. Any State, well, almost... Use in NSW, Victoria, SA, WA, NT and ACT. For QLD ???; for Tas. ???. This Deed or Memorandum of Understanding is between a company and another company who have decided to co-operate in a new joint venture operation. This deed is like a partnership agreement for both companies as equals, but one that does not seek to create a new entity. A new management board is established, rules for running the operation agreed, and certain risks identified and dealt with. It adopts a modern document style (24 pp.); it uses ASIC's help to define likely and expected 'books of account and accounting records'; and uses a circulating resolution from all members of the management board to promote a 'solvency resolution' at the end of the financial year to assist the Partners' due diligence checks or trigger investigation as to the possible expiration of the Joint Venture.
Deed to establish the Joint Venture. Equal partnership in joint venture operations.