Joint Venture Issue with an indian Company
14-Dec-2023 (In Arbitration Law)
i had a joint venture agreement with an Indain Co and now we would like to depart the agreement , what would be the condition based on india commercial code ?
We understand that you had executed the Contract with Indian Co. normally in a Contract, grounds of termination are provided which would also include the manner in which either party can terminate.
Under Indian Laws, the terms of your contract would prevail subject to they being not illegal. If your Contract provides that you can terminate the Contract by giving notice, you should give notice of your intention to terminate.
Please be informed that this is preliminary view and we haven’t peruses your contract
Under Indian Laws, the terms of your contract would prevail subject to they being not illegal. If your Contract provides that you can terminate the Contract by giving notice, you should give notice of your intention to terminate.
Please be informed that this is preliminary view and we haven’t peruses your contract
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