Joint Venture - Partnership Agreement

One of the partners in a local company that is established wants to wave 25% of his 55% shares to a foreign investor, this agreement needs to document that privet partnership between them until they both establish a separate company abroad to protect the foreign investors shares.

According to local country Law any partnership between a local national and international national have to be processed as a forging investment company under the Investment Authority of the country, based on that the complication of taxes and complication to establish a company as a forging investment company with the needed current time frame it is not business visible based on that a local national partner who owns 55% in a local company wants to wave 25% to a foreign investor where the local national will be the interface for these shares to the local authority but actually he only owns 30%. Please note that the other partners who own 45% don’t know of this transaction to avoid any legal complications.

We want a partnership agreement between the 2 parties to protect the foreign investor future rights in the company and it is governed by England and Wales Law.

The company can be a Joint venture or any other structure, but it is a full ownership and the local national partner can’t sell, wave or give that 25% without a written approval of the foreign investor and it is valid as long as the company is valid even to his inheritance, please note that they are going at a later stage establish a company in another country to document this partnership further.

Skills: Contracts, Legal, Legal Writing

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( 1 review ) Riyadh, Saudi Arabia

Project ID: #17532950

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