The Joint Venture definition

The Joint Venture. ( “JV” for short) shall mean “ (JV)” and

The Joint Venture. ( “JV” for short) shall mean “

The Joint Venture means the limited liability company as a Chinese-foreign Joint Venture established by the Parties in accordance with this Contract.

Examples of The Joint Venture in a sentence

• If proposing as a Joint Venture, the Joint Venture shall obtain and maintain all contractually required insurance in the name of the Joint Venture as required by the Contract.

• That both parties agree that and/or shall be the Official Representative of the Joint Venture, and is granted full power and authority to do, execute and perform any and all acts necessary and/or to represent the Joint Venture in the bidding as fully and effectively and the Joint Venture may do and if personally present with full power of substitution and revocation.

• The parties to this Agreement shall have no liability to the other for any loss suffered which arises out of any action or inaction if, in good faith, it is determined that such course of conduct was in the best interests of the Joint Venture and such course of conduct did not constitute negligence or misconduct.

• We, the partners of Joint Venture submitting this bid, do agree and confirm that in case of Award of Contract on the Joint Venture, we shall be jointly and severally liable and responsible for the execution of the Contract in accordance with Contract terms and conditions.

• NOTE: A copy of the Joint Venture Agreement showing clearly the percentage contribution of each partner to the Joint Venture, shall be appended to this Schedule.

More Definitions of The Joint Venture

The Joint Venture the joint venture constituted as contemplated in clause 3.1; 1256/AAP/KJW 26/04/2004

The Joint Venture. (JV in brief) shall mean <Consortium Name> Joint Venture (herein after called “JV”) collectively acting in collaboration for the purpose of this agreement.

The Joint Venture s Fiscal Year" means the Joint Venture’s fiscal year commencing January 1 and ending December 31;

The Joint Venture. Company shall establish a supervisory board which shall consist of 3 persons, one appointed by each party to the Joint Venture and one from the staff and workers of the Joint Venture Company. The first Chairman of the supervisory hoard will he recommended by Party A.

The Joint Venture has the status of a legal person and is subject to the jurisdiction and protection of Chinese law concerned. All its activities shall be governed by Chinese laws, other pertinent rules and regulations.

The Joint Venture shall adopt internationally used accrual basis and debit and credit accounting system in preparation of its accounts.

The Joint Venture shall complete the balance sheet, the loss or profit statement for the previous fiscal year within the lust three months of each fiscal year, and shall then submit such financial statements to the Board meeting for approval after having been examined and signed by the auditor.