In complex transactions, international as well as national cooperation between companies requires solid and balanced terms and conditions. The International Chamber of Commerce (ICC) provides small-, medium-sized and large companies with the ICC Model Contract Joint Venture, a unique, balanced framework that ensures fairness for all involved parties.
The model is intended for parties that wish to cooperate in major construction projects as joint operators rather than on a sub-contract basis. It satisfies the needs of employers undertaking major projects who do not want to use a multi-contracting structure with several contracts and contractors.
The model allows for a solid decision-making process, clear allocation of participation and provision of resources while considering the need for swift and effective dispute resolution and for complete and informed allocation of risks.
Each ICC Model Contract includes a fully editable version in Microsoft Word, permitting you to easily adapt the contract to your specific case.
This model contract is available in English, contact your local ICC to enquire about a translated version National committees - ICC - International Chamber of Commerce (iccwbo.org)
| Code ISBN : | 978-92-842-0676-6 |
| Number of pages : | 37 |
| Publishing date : | 2024 |
| Language : | English |
| Format in cm : | 21*29.7 |
Foreword..... 4
Introduction..... 5
ICC Model Joint-Venture Agreement
Main Agreement Form..... 10
Section I
Special Conditions..... 12
Section II
General Conditions..... 14
Article 1 Definitions and Interpretation...... 14
Article 2 Formation of the Joint Venture...... 15
Article 3 Financial Plans, Contributions, profit and loss sharing..... 15
Article 4 Organisation and Decision Making..... 17
Article 5 Principles of joint operation..... 20
Article 6 Preparation, submission and acceptance of the Offer..... 22
Article 7 Securities..... 23
Article 8 Insurance..... 23
Article 9 Financials and Accounting...... 24
Article 10 Taxes..... 26
Article 11 Confidentiality..... 26
Article 12 Liability..... 27
Article 13 Expulsion..... 27
Article 14 Duration and termination..... 29
Article 15 Claims, Dispute resolution and arbitration..... 29
Article 16 Choice of law..... 30
Article 17 Miscellaneous..... 30
Annex 1 Contributions..... 33
Annex 2 Financial Plans..... 34
Annex 3 ICC Anti-corruption Clause..... 35
About the International Chamber of Commerce (ICC)..... 36
ICC Publications..... 37