Examples of JV Agreement in a sentence
Alternatively, a letter of intent to execute a Joint Venture Agreement in the event of a successful Tender shall be signed by all members and submitted with the Tender, together with a copy of the proposed JV Agreement.
Power of Attorney (duly registered as per prevailing law) in favour of one of the partners of the partnership firm to sign the JV Agreement on behalf of the partnership firm and create liability against the firm.
JV Agreement was between Biosensors, SDBM and Chauncey and defined the scope of what MD was permitted to do (the “JV Business”), namely to design, develop and manufacture, market, sell and distribute products within the “JV Company Field of Use.” The JV Agreement also contains non-compete provisions, so that the signatory parties, including Biosensors, were not allowed to compete with the JV Business.
As disclosed under the heading of “Yu Yuan, Shanghai” above, the Group had entered into the JV Agreement to develop the property jointly with the JV Partner.
Subject to the approval of the JV Agreement by the shareholders of the Company, it is expected that the construction work of the project would commence soon, and the Group would recruit new staff when appropriate.