Getting in to jva with another company

Querist : Anonymous (Querist) 01 November 2017 This query is : Resolved
We are running a company and this company owns a successful brand.
Recently, some development happened with another company working in same domain. We mutually discussed on our future perspectives if we go ahead with partnership.They offered us following things

1. They will work as technology partner of our company and invest Rs. 1 Crore in next 1 year as strategic investment. In return they don't want equity in the company they want to co own the successful brand.
2. They want 51% ownership of the brand, its IPR and right to decide.
3. They will deduct their investment on monthly basis, means they will get the profit(if any) and investment also from the revenue.
4. They have the right to terminate the agreement but we don't.
5. If in any case any party want to leave the brand, second party will automatically become the owner of that brand.
There are many more such clauses which are inclined toward that company.
I want your guidance regarding this.

Follow Query

Report Abuse

Rajendra K Goyal (Expert) 01 November 2017
No advice to an author who is anonymous.

You can post the query in fresh thread with your identity and material facts.

Guest (Expert) 01 November 2017
Consult a Local Good ACS - Company Secretary and he would do the needful

Guest (Expert) 01 November 2017
Posts of the ignorant innocent child to be ignored

Kumar Doab (Expert) 01 November 2017
AQ...................so NO reply..........

Kumar Doab (Expert) 01 November 2017
Pls post with your ID and you can get many replies................

Rajendra K Goyal (Expert) 02 November 2017
Neither it is a good habit nor requirement of the thread to comment on others.

Rajendra K Goyal (Expert) 02 November 2017
Try to be sober. try to contribute

Rajendra K Goyal (Expert) 02 November 2017
Some experts are very serious to increase no. of posts through vague / unwarranted / irrelevant posts. A good method to increase replies without having legal knowledge.

Guest (Expert) 02 November 2017
Welcome Child from School

Guest (Expert) 02 November 2017
Thanks for informing all your Class Teacher's advises Today

Guest (Expert) 02 November 2017
Hope the Child would certainly follow that please

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries