This document outlines a joint venture agreement between two companies to jointly bid on a construction project announced by a procuring entity. The companies will pool their financial, equipment, and technical resources and designate a representative to sign bids and contracts on behalf of the joint venture. They will be jointly and severally liable for obligations and will split profits and losses according to agreed percentages. The agreement will remain in effect until project completion if awarded but will terminate if they fail to qualify or win the bid.
Write Your Own Australian Loan Agreement Without A Lawyer. Use Our Easy... LOAN AGREEMENT TEMPLATE
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WHAT'S COVERED IN THIS LOAN AGREEMENT TEMPLATE
Legal Zebra's Australian Loan Agreement Template includes these important provisions...
LOAN DETAILS
You can specify the principal amount of the loan and the loan date when it is to be advanced.
INTEREST PAYMENTS
State the basic interest rate on the loan and the frequency of payments (e.g. quarterly). You can also set a higher default interest rate which applies if the borrower doesn't pay on time.
REPAYMENT TERMS
Include the repayment date(s) when the borrower must repay the loan.
PERSONAL GUARANTEE
Provision for a guarantor to repay the loan in case the borrower defaults.
EARLY REPAYMENTS
You can tick a box in the Loan Agreement to say whether the borrower can repay the loan early (and avoid more interest payments) or not.
ADDITIONAL TERMS
You can add to or vary the standard Agreement Terms with your own special conditions or changes to the agreement.
LEGAL TIPS
Easy to follow tips and examples to help complete your Loan Agreement Template with confidence.
Authority to transact business from any concerned government agencies regarding real property management which include payment of taxes, securing of clearances, certifications, tax declarations, and so on.
Write Your Own Australian Loan Agreement Without A Lawyer. Use Our Easy... LOAN AGREEMENT TEMPLATE
WHEN TO USE THIS LOAN AGREEMENT
This Loan Agreement Template is intended for a business loan or a basic loan between family and friends.
You can use Legal Zebra's downloadable Template to put a basic legally binding Loan Agreement in place, instantly.
The Legal Zebra Loan Agreement Template is up to date and suitable for use in all States and Territories of Australia including NSW, VIC, ACT, WA, SA, NT, Tasmania and Queensland.
Many people outside Australia also use this document because it's so easy to use.
WHAT'S COVERED IN THIS LOAN AGREEMENT TEMPLATE
Legal Zebra's Australian Loan Agreement Template includes these important provisions...
LOAN DETAILS
You can specify the principal amount of the loan and the loan date when it is to be advanced.
INTEREST PAYMENTS
State the basic interest rate on the loan and the frequency of payments (e.g. quarterly). You can also set a higher default interest rate which applies if the borrower doesn't pay on time.
REPAYMENT TERMS
Include the repayment date(s) when the borrower must repay the loan.
PERSONAL GUARANTEE
Provision for a guarantor to repay the loan in case the borrower defaults.
EARLY REPAYMENTS
You can tick a box in the Loan Agreement to say whether the borrower can repay the loan early (and avoid more interest payments) or not.
ADDITIONAL TERMS
You can add to or vary the standard Agreement Terms with your own special conditions or changes to the agreement.
LEGAL TIPS
Easy to follow tips and examples to help complete your Loan Agreement Template with confidence.
Authority to transact business from any concerned government agencies regarding real property management which include payment of taxes, securing of clearances, certifications, tax declarations, and so on.
A partnership deed format is a format for an agreement between the partners of a firm that outlines the terms and conditions of the partnership among the partners.
A partnership deed format is a format for an agreement between the partners of a firm that outlines the terms and conditions of the partnership among the partners.
MANAGEMENT AGREEMENT FORMAT
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
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Template for joint venture agreement
1. JOINT VENTURE AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
This Agreement made and entered into by and between:
__________(Company Name)_____________________________________, a sole
proprietorship/corporation duly organized and existing under and by virtue of the
laws of the Republic of the Philippines with principal address at ________________
___________________________, herein represented by its owner/Authorized
managing officer, hereinafter called to as the First Party;
- and -
_____________(Company Name)__________________________________, a sole
proprietorship/corporation duly organized and existing under and by virtue of the
laws of the Republic of the Philippines with Principal address at ________________
___________________________, herein represented by its owner/Authorized
managing officer, hereafter called to as the Second Party;
WITNESSETH: That -
WHEREAS, the ______________(Name of Procuring Entity) ________, has
advertised for public bidding the __________(Name of Project)________________
________________________________________________________________ and
______(Location) ____________________________________________ ;
WHEREAS, the parties are both desirous of prequalifying for and participating in the
bidding of the above sated project;
WHEREAS, the parties believe that they can best maximize their chances of
prequalifying for the said public bidding and can satisfactorily prosecute the project
should they win and be awarded the contact by Bids and Award committee for civil
works of the ______________(Name of Procuring Entity)________________if they
pool their financial, equipment and technical resources necessary for the above-
sated purpose under a Joint Venture agreement.
NOW THEREFORE, for and consideration of the foregoing promises and mutual
covenants hereinafter set forth, the Joint Venture have agreed to establish, as they
hereby establish and constitute by and between themselves, a JOINT VENTURE for
2. the exclusive purpose of qualifying for and participating in the foresaid public bidding
of the project and actually undertaking the construction work thereof should they
successfully win and eventually be awarded the contract, subject to the following
terms and conditions:
1. For all intents and proposes, the Joint Venture entity established hereby, shall be
known as _____________(Name of Joint Venture) ______________________.
2. For communication purposes, all communication/letters shall be addressed at the
Joint Venture’s business address at ____________________________________
________________________________________________.
3. Mr./Ms. ____(Name of nominated AMO)________________________, is hereby
named, appointed and constituted as the Authorized Managing Officer (AMO)
and as such, is the sole representative for and behalf of the herein Joint Venture
and all bids, contacts and other documents whatsoever pertinent to said project,
shall be signed by her/him.
4. The Parties shall be jointly and severally liable for any and all obligation which the
joint venture may incur in relation to the contract which the said Joint Venture
may enter into with the _______(Name of Procuring entity)_______.
5. The parties shall be jointly and severally liable for any and all obligation which the
Joint Venture may incur on the basis of ____% for ___________(Name of First
Party)______________ and ____% for _____________(Name of Second
Party)___ for all the necessary capital, equipment, technical personnel,
management, supervision and other efforts and resources for the proper
implementation of the project in the event that the Joint Venture is awarded the
contract for the said project, and further bind themselves at all times during the
existence of this Joint Venture, to extend to each other their respective fullest
cooperation and best effort towards the efficient and profitable construction of the
project in accordance with the approved plans and specification, and to complete
the same within the approve schedule.
6. The net profit or losses of the Joint Venture shall likewise be divided between the
parties on a ___% and ___%, respectively.
7. It is hereby agreed and understood that if the herein Joint Venture fails to qualify
for the aforementioned public bidding, or if prequalified, and fails to win the public
bidding, the this Agreement shall thereupon cease, terminated and automatically
become void and of no further force of effect whatsoever. In the event, the Joint
Venture is awarded the aforementioned contract, then this agreement shall
remain in full force and effect as of the date hereof, and until the final completion
and acceptance of the contract project by the _____________(Name of
Procuring Entity)___________________ .
3. IN WITNESS WHEREOF, the parties, hereto have set their hands this, ____day
of _____________, 20__ at _____________________, Philippines.
_(Name of First Party) __(Name of Second Party)__
By: By:
(Signature) (Signature)
_(Name of AMO/Representative)_ _(Name of AMO/Representative)___
(Position) (Position)
SIGNED IN THE PRESENCE OF
_(signature of witness)__ _(signature of witness)
ACKNOWLEDGMENT
Republic of the Philippines)
City of _______________-) S.S.
This day personally appeared before me the following:
Name I.D.# Date/Place Issued
_________________ ___________ ______________________________
__________________ ___________ ______________________________
both known to me as the same persons who executed this foregoing instrument
and they acknowledged to me that the same is their own true and voluntary act
and deed and the company/firm they respectively represent.
WITNESS MY HAND AND SEAL this _____ day of _______________,20__ at
________________________, Philippines.
Doc No.______
Page No, ______
Book No. ______
Series of 20__.