This agreement is made between an India company and a foreign company for passing technical know how for manufacturing a similar product abroad. 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.
₹ 825.00
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. |