User’s guide ITC contractual joint venture model agreement (two parties only)

It is important that the Parties to the Agreement are correctly identified and that those representing them have the powers to do so for the purpose of concluding the Agreement. The legal issues that arise in this context relate primarily to the personal status of the Parties, their capacity and the powers of their representatives to enter into an agreement on behalf of their company. Normally these issues are subject not to the law applicable to the Joint Venture Agreement but tothe ’personal law’ of each Party, which is generally the law where each Party has its residence or place of business, or the law of a company’s incorporation.

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