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Sample Joint Venture Agreement regarding the use of Chinese and...

King Washington Sample Joint Venture Agreement regarding the use of Chinese and foreign investments

Name: King Washington Sample Joint Venture Agreement regarding the use of Chinese and foreign investments
Brand: US Legal Forms
Rating: 4.82 (241 reviews)

Category:

Corporations - Public

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Multi-State

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King

Control #:

US-EG-9294

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Instant download

Description

Joint Venture Agreement between Wuhan Dongfeng Paper Mill Company and Orient Financial Services, Ltd. regarding the use of Chinese and foreign investments dated December 20, 1997. 13 pages.

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Continually Align on Objectives, Strategy, and Operations Before entering into a joint venture, or even discussing the possibility with a potential partner, make sure that you've defined a clear vision and a strategyand then make sure that your future partner does the same.

Types of Joint Ventures Project Joint Venture. This is the most common form of joint venture.Functional Joint Venture.Vertical Joint Venture.Horizontal Joint Venture.

foreign joint venture designate a company having mixed capital between one or more foreign and Chinese investors. They are one of the two kind of foreign invested enterprises that can be established in China. The other kind are called Wholly Owned Foreign Enterprises (WFOE).

Joint ventures and partnerships are common forms of legal structures used by business owners to combine resources, talents, or skills with another person or business.

Joint ventures in China are required to establish a 3-tier structure in accordance with the Company Law act. The structure needs to include: A Board of Shareholders. A Board of Directors.

One of the better-known joint venture examples is the Caradigm venture between Microsoft Corporation and General Electric (GE) in 2011. The Caradigm project was launched to integrate a Microsoft healthcare intelligence product with various GE health-related technologies.

It supports US jobs. While expanding foreign trade can disrupt US employment, trade with China also creates and supports a significant number of American jobs. Exports to China support nearly 900,000 US jobs, and Chinese companies invested in the United States employ over 160,000 workers.

Many China joint ventures fail because the foreign partner made the fundamental mistake of believing its 51% (or more) ownership of the joint venture gave it effective control over the joint venture.

A Joint Venture (JV) is formed by one or more foreign investor(s), along with one or more Chinese entities. Usually, a foreign investor should own at least 25 percent of the shares, while a Chinese individual cannot normally be a shareholder in a JV except in certain circumstances.

Amid a slowing Chinese economy and growing market competition, setting up a joint venture may be a strategic investment vehicle for market entry or expansion into China one that allows investors to reduce their risks while gaining access to local networks and resources.

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King Washington Sample Joint Venture Agreement regarding the use of Chinese and foreign investments

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How do you successfully manage joint ventures in China?

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