This Agreement is required when an Indian company appoints a foreign company for giving technical advice. Collaborative Agreements are written agreements between two or more parties that contribute to a project. It is one of the type of Joint Venture between the two or more individuals/company/partnership firm to combine together in order to undertake the production/manufacturing of certain product or to do special business and/or to provide certain services in respect of the product such as lend its technical know-how.
₹ 625.00
1 |
What
are the approvals required to set up a JV? |
Ans. |
A
two tier approval mechanism has been provided:- |
2 |
What
is meant by a Collaboration Agreement? |
Ans. |
A
collaboration agreement is an arrangement that allows one company to use the
expertise and skills of another. |
3 |
What
is Joint venture? |
Ans. |
A
joint venture is a new enterprise owned by two or more participants. It
represents a combination of subsets of assets contributed by two (or more)
business entities for a specific business purpose and a limited duration. |
4 |
Who
are the approving authorities for collaborations in India? |
Ans. |
1.
The Reserve Bank of India (RBI); |
5 |
What
is the validity of a foreign collaboration approval? |
Ans. |
Government
approval for foreign collaboration is valid for an initial period of two
years, which may be extended for one more year. In case any further extension
is needed, beyond the period of three years, it will be considered by the
Foreign Investment Promotion Board on the recommendation of the
administrative ministry. |
6 |
What
happens when a JV has a non-resident partner? |
Ans. |
1.
Approval of Reserve bank of India {RBI} will be required for acquiring shares
of the company and establishing place of business in India |
STEP
1 |
Fill
in blanks: |
Fill in the blank spaces. Delete
instructions highlighted in grey. |
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STEP
2 |
Alternations: |
Add or delete a clause according to
your needs. Re-check the document. |
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STEP
3 |
Stamp
Paper |
The Stamp Duty value will be made
available to you at your legaljini account on purchase of the document. |
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Stamp
Duty Payment option 1 |
If you wish to print Agreement on
Stamp Paper, you can buy from court/ Stamp office and said Stamp paper will
be used as 1st page of Agreement. If you wish to have 2 copies of Agreement
you should buy 2 Stamp Papers (one Stamp Paper for each copy) |
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Stamp
Duty Payment option 2 |
If you have facility of franking
for Stamp Duty payment at nearest bank, you need to print the Agreement &
get franking done. If you wish to have 2 copies of Agreement you should frank
2 copies (one copy for each party) |
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STEP
4 |
Printing
on Legal Paper: |
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On
Stamp Paper |
Print ONLY on the blank portion of
the stamp paper. |
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On
Ledger Paper |
Print on a SINGLE SIDE of a sheet
of Ledger Paper. |
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STEP
5 |
Number
of Copies Needed: |
Collaboration Agreements are
generally executed in Duplicate and duplicate is also required to be stamped
accordingly. |
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STEP
6 |
Photographs
& Signatures/ Thumb Impression & Initials: |
The concerned parties should sign,
or affix their mark and recent passport size photograph against their names
on the last page of the document. This document must initialed or marked by
the concerned parties at the end of every page. In addition or corrections/
alterations made after printing must be initialed. |
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STEP
7 |
Witness
Attestation (Both Parties): |
This document must be attested by
at least two witnesses from both sides. |
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STEP
8 |
Registration/
Notary |
Registration or Notary is mandatory
for some documents. If you need clarification you may contact our Helpline at
support@legaljini.com |
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Registration
Mandatory |
Please contact the nearest Sub
Registrar office for registration of this document. |
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You Need to Know: |
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Please
contact our Helpline if you have any difficulty. |