Terms and Conditions of Funding
A new commercial entity – (New Co) shall be established to facilitate the management of funding of the ventures. New Co shall hold equity in the venture based on a shareholding percentage that shall be agreed by both parties.
The JV agreement shall outline in detail the terms and conditions of the venture, which among others include:
- Service Operations and Management
- Shareholders Agreement – paid-up capital, liquidation, first right of refusal, shareholding transfers, etc.