Business Collaboration Agreement Malaysia

As regards cross-border joint ventures, it is also essential that the joint venture agreement establishes the rules and jurisdiction laws that will govern the joint venture in the event of a dispute. Parties to a joint venture of different legal orders should be more careful in choosing the relevant jurisdiction. Since each party has its own role in the joint venture, it is essential for the joint venture agreement to define the rights, obligations and obligations of each party to the joint venture. Those clauses should be fully elaborated in a joint venture agreement and cover all the rights, obligations and obligations of each party. .