JOINT VENTURE AGREEMENT
본 사례는 한국의 XYZ사가 미국의 ABC사와 합작으로 한국내에서 신규 J/V를 설립하고자 하여 ABC가 작성한 초안으로서, 주로 XYZ사의 입장에서 검토한 것임.
THIS AGREEMENT made and entered into this day of by and between ABC CO., Ltd., (hereinafter referred to asABC),a corporation organized and existing under the laws of the state of Delaware, USA having its principal office at OOOOOO, Chicago, Illinois 60614-4079, United states of America; and XYZ Co., Ltd(hereinafter referred to as XYZ),a company organized and existing under the laws of the Republic of Korea having its principal office at000000, Kyunggi-do,425-100, Republic of Korea.
WITNESSETH:
WHEREAS, ABC manufactures and sells inter aha plastic and die cast steels, forging die steels, and commercial open die foreigns ; and
WHEREAS, ABC and XYZ desire to organize a Korean company to be jointly owned by ABC and XYZ to engage in the importation and sale of ABC steel products in Korea ;NOW, THEREFORE, for and in consideration of the premises, of the mutual promises and covenants contained herein, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by all parties, the parties hereby agree as follows :
CHAPTER 1
GENERAL PROVISIONS
Section 1. definitions
(1) For the purpose of this Agreement:
(a) Effective Date shall mean the date when the last of the following shall occur :
(i) This Agreement and the Appendices hereto shall have been approved by the respective Boards of Directors of the Participants and executed : and
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2008.04.14
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