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Unincorporated Joint Venture Agreement

Unincorporated Joint Venture Agreement for Singapore

Unincorporated Joint Venture Agreement Template for Singapore

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What is a Unincorporated Joint Venture Agreement?

The Unincorporated Joint Venture Agreement is commonly used in Singapore when parties wish to collaborate on specific projects or ventures while maintaining their separate legal identities. This document is particularly useful for time-bound projects or when parties want to avoid the complexity and ongoing compliance requirements of forming a new corporate entity. The agreement, governed by Singapore law, typically includes detailed provisions on contributions, profit-sharing, management structure, decision-making processes, and exit mechanisms. It's especially relevant in sectors requiring significant resource pooling or expertise sharing, while offering flexibility in structure and operations compared to incorporated joint ventures.

What sections should be included in a Unincorporated Joint Venture Agreement?

1. Parties: Identification and details of all JV participants

2. Background: Context and purpose of the joint venture

3. Definitions: Key terms used throughout the agreement

4. Scope and Objectives: Detailed description of JV activities and goals

5. Contributions: Assets, capital, resources contributed by each party

6. Management and Control: Decision-making processes and governance structure

7. Profit Sharing: Distribution of profits and losses

8. Term and Termination: Duration and exit provisions

What sections are optional to include in a Unincorporated Joint Venture Agreement?

1. Intellectual Property Rights: IP ownership and licensing provisions - include when JV involves creation or use of IP

2. Non-Competition: Restrictions on competitive activities - include when parties operate in same industry

3. Employment Matters: Staff arrangements and responsibilities - include when JV will have employees

4. Foreign Investment Provisions: Compliance with foreign investment laws - include when foreign parties are involved

What schedules should be included in a Unincorporated Joint Venture Agreement?

1. Business Plan: Detailed operational and financial projections

2. Contribution Schedule: Detailed list of each party's contributions

3. Management Procedures: Detailed governance and decision-making procedures

4. Asset Register: List of JV assets and ownership details

5. Key Personnel: List of key staff and their roles

Authors

Alex Denne

Head of Growth (Open Source Law) @ ΊμΠΣΦ±²₯ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


































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Industries

Partnership Act 1890 (Chapter 391): Although JV is not technically a partnership, this legislation may be relevant if the JV arrangement is deemed to operate as a de facto partnership. Provides legal framework for business relationships between parties.

Contracts Act 1959 (Chapter 53): Primary legislation governing contract formation, enforcement, validity requirements and contractual remedies in Singapore. Essential for structuring the JV agreement.

Competition Act 2004 (Chapter 50B): Regulates anti-competitive behavior and market dominance. Must be considered to ensure JV arrangement doesn't violate competition laws.

Companies Act (Chapter 50): Important to reference to ensure the JV structure doesn't inadvertently create a company, which would have different legal implications and requirements.

Income Tax Act (Chapter 134): Governs tax treatment of the JV and tax implications for participating parties. Essential for structuring profit sharing and tax planning.

Goods and Services Tax Act (Chapter 117A): Covers GST registration requirements and treatment of supplies between JV parties. Important for financial planning and compliance.

Employment Act (Chapter 91): Relevant if the JV will have employees, setting out mandatory employment terms and conditions that must be complied with.

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data. Must be considered if JV will handle personal information.

Patents Act: Part of IP law framework relevant for protecting and managing patent rights within the JV, especially for technology or R&D ventures.

Copyright Act: Protects original works and regulates copyright ownership and licensing within the JV structure.

Trade Marks Act: Governs protection and use of trademarks, important for branding and IP management in the JV.

Industry-Specific Regulations: Sector-specific laws and regulations that may apply depending on the JV's business activities and industry.

Foreign Investment Regulations: Regulatory requirements applicable when foreign parties are involved in the JV, including foreign ownership restrictions and approvals.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, Β Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, Β Severance Pay, Governing Law, Entire Agreemen

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