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JV may not be canceled because there is no clause in the agreement but at the end of the agreement it may be mentioned that in case of any dispute same has to be either resolved by mutual discussion or by appointing Arbitrator.
Create a joint venture agreementthe structure of the joint venture, e.g. whether it will be a separate business in its own right.the objectives of the joint venture.the financial contributions you will each make.whether you will transfer any assets or employees to the joint venture.More items...
So, even though a joint venture agreement does not need to be registered in India, companies have been finding ways to get joint venture agreements registered.
Steps of an amendment agreementHave a fair discussion with the other party and discuss if they agree on the same parlance. Then move on to the amendment part always write the amendment part on top of the contract then clearly state the name of the parties, date when they were being amended, and time.
Completing the AmendmentIntroductory paragraph. Type your name or the name of your company and the other side's name (an individual or a company).Describe the amendment(s).The concluding paragraph.Proofread and sign your amendment.Managing Amendments.