Checklist for a joint venture contract:

• name and location of the JVC;

• business scope of the JVC;

• capital structure and contribution schedule;

• Board of Directors provisions: Chairman, members , powers, limitations and meetings;

• general management provisions: managerial structure, powers and limitations;

• land and facilities “ offices, plant and factory;

• project schedule “ construction and start-up;

• sales;

• financial provisions “ tax, audit, accounting, finance management, bank accounts, profit allocation and distribution;

• investment incentives;

• labour “ sourcing, hiring, probation, firing and unions;

• procurement of technology;

• procurement of raw materials for production;

• joint venture term , expiration and termination provisions;

• duties , powers and rights of the investors;

• liability of the investors;

• dispute resolution.