Model Joint Venture (Consortium) Agreement 2Nd Edition (2017)

(Members` names) – (hereafter … “members”) have agreed to create a joint venture to provide the professional engineering services mentioned above, which is why the principle of unanimity prevails. Majority voting is not allowed. Decisions on the policy of the joint venture are entrusted to a political committee composed of the representative of each member. In the event of disagreement between the members of the political committee on matters not prescribed by this agreement, the President has the right to use a vote. The details of the joint venture agreement are not always available when the joint venture is created. The services to be provided by each member can be agreed after the client adopts the proposal. Before submitting the proposal, a less detailed agreement, a joint enterprise agreement before the proposal, can be concluded. This agreement should then be replaced by a final joint enterprise agreement if the proposal is successful. However, the objective of this agreement is to create a manageable situation where its members can jointly respond to a tender, submit a proposal and deliver services with the resources of all members appropriately. The new joint enterprise agreement was designed to be for gu without a legal personality, in which a joint venture, under a service agreement such as the white paper, is the subject of a standard agreement such as this, in order to raise awareness among the members of the joint venture of what should be included in the agreement in order to reduce their individual risks and avoid conflicts between them. This model of joint enterprise agreement will allow the parties to agree, on a project-specific basis, on their commitments, services and revenues within the joint venture created by the effect of this joint enterprise agreement. There are no plans to create or use a legal entity to create a legal association that is not specific to a more sustainable project.

The joint venture cannot act with legal force (or with binding effect for all members of the joint venture) if no one represents it. The normal legal approach is for members to act together on behalf of the joint venture. The natural result is that unanimity is necessary.