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β οΈ Important Notice: This website is for informational purposes only and does not constitute legal advice. Under BCI rules, we are prohibited from soliciting work. No attorney-client relationship is created by purchasing this template. For specific legal advice, consult a qualified lawyer.
For Indian & Cross-Border Business Collaborations
Version 1.0 β June 2026
Governance: The JV Company shall have a Board of 4 Directors. Each Party shall appoint 2 Directors. The Chairman shall be appointed by Party A and have a casting vote .
Reserved Matters: The following decisions require the affirmative vote of both Party A and Party B: annual budget approval, sale of key assets, borrowing beyond limits, change in business scope .
Deadlock Resolution: If the Board fails to reach a decision on a Reserved Matter, the matter shall be escalated to the CEOs for negotiation. If unresolved, a Russian Roulette / Texas Shootout mechanism shall be triggered .
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