Sample Of Joint Venture Agreement In Nigeria

Both local and foreign companies joining to form a new enterprise. A local company buying an interest in an existing foreign company. Oil and gas exploration and development are characterised by huge capital expenditures high technological expertise and the ability to manage investment risks consequently two major contractual arrangements emerge from the petroleum development rights that is joint venture arrangement jv and production sharing contracts under the contractual agreement.

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Joint Venture Agreement Template

Joint Venture Agreement Contract Template Joint Venture Agreement

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Drafting joint venture contracts in nigeria nature of joint ventures a joint venture is a business arrangement whereby two or more parties come together to accomplish a specific task or business goal even though they retain their distinct identities.

Sample of joint venture agreement in nigeria. For example nnpc nigeria national petroleum corporation may form a joint venture with shell bp for the exploration of crude oil in nigeria. A foreign investor buying an interest in a local company in nigeria. Particulars of initial contribution by the partie s. Subscribe to law repository.

The sample joint venture agreement below details an agreement between annette j luna and nicholas d entrekin annette j luna and nicholas d entrekin agree to establish a joint venture for the purpose of developing and running a chain of ice cream stores. Joint venture agreement 3. The parties to a joint venture are usually required to make contributions to the joint venture. Download here follow lawrepositoryng.

Relevant clauses or terms in joint venture contract agreement. Download joint venture agreement sample 2 12 2017 09 12 00 pm download downloads drafts joint venture agreement sample drafts. Joint venture agreement sample pdf. List of the top ten law firms in nigeria.

Joint venture contract in nigeria can be created in these instances.