Document background
The Project Joint Venture Agreement is essential when multiple parties wish to collaborate on a specific project while maintaining their separate legal identities. Used extensively in Singapore's business environment, this agreement type is particularly relevant for complex projects requiring diverse expertise and resource sharing. It defines the project scope, parties' roles, capital contributions, management structure, profit distribution, and risk allocation. The agreement must comply with Singapore's legal framework, including the Companies Act, Competition Act, and relevant industry regulations. This document is crucial for establishing clear governance and operational frameworks while protecting all parties' interests throughout the project lifecycle.
