Joint Venture LLC Operating Agreement Template for India

1. Non-Compete and Non-Solicitation: Restrictions on competitive activities and employee solicitation, recommended when partners have competing businesses

2. Intellectual Property Rights: IP ownership and licensing arrangements, necessary when JV involves significant IP assets

3. Technology Transfer: Terms for technology sharing and transfer, relevant when JV involves technical collaboration

4. Foreign Investment Compliance: Specific provisions for FEMA and FDI compliance, required when foreign partners are involved

5. Environmental Compliance: Environmental obligations and commitments, necessary for industries with environmental impact

6. Employee Matters: Staff deployment, secondment arrangements, and HR policies, relevant when employees are shared or transferred

7. Exit Strategy: Detailed procedures for partner exit, including buy-out mechanisms and valuation methods

8. Force Majeure: Provisions for handling unforeseen circumstances, particularly relevant in current global business environment

1. Schedule 1 - Business Plan: Detailed business plan including objectives, strategies, and financial projections

2. Schedule 2 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions including valuations

3. Schedule 3 - Reserved Matters: List of decisions requiring special majority or unanimous consent

4. Schedule 4 - Key Performance Indicators: Agreed performance metrics and targets for the joint venture

5. Schedule 5 - Initial Officers and Directors: List of initial management team and board members with their roles

6. Schedule 6 - IP Schedule: Details of intellectual property rights brought in by each party

7. Appendix A - Shareholder Details: Complete information about each shareholder including shareholding pattern

8. Appendix B - Company Policies: Key operational and compliance policies of the joint venture