Joint Venture

The joint venture was founded by the members of the company, which is mainly liabilities assets. If the company's assets to liabilities not covered by the members of the company's debts together including financial contribution as a guarantor liable. A "joint venture" name - the company's company name should be indicated where the company members are required to deposit their cash and non-cash contributions provided and ancillary services to meet the commitments. The company members' contributions other than property services also assume an obligation to fulfill. The member so special payment may be due among the members of the profits and losses if the partnership agreement provides otherwise is divided in proportion to their contributions as per the supreme body of the company's Board of Directors. The member may be represented by proxy. Can not be authorized by the Director, a member of the supervisory board and the auditor.

Joint Venture contract Services

The power of attorney deed or fully conclusive private deed should be included. The company's board and represent the Director including the articles of association, as well as the Board's decisions within supplies. The Management Board of the company's senior employees of certain employers' rights to exercise their consent to be bound. A company's termination without legal successor, the assets remaining after settlement of all debts including the articles of association, unless provided otherwise in between the members in proportion to their contributions should be allocated.

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