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Mou Joint Venture Template for Hong Kong

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Key Requirements PROMPT example:

Mou Joint Venture

"I need a Joint Venture MOU under Hong Kong law for a technology manufacturing joint venture between our Hong Kong company and a German corporation, with 60-40 ownership split and initial capital of HKD 10 million, targeting completion by March 2025."

Document background
The MOU Joint Venture agreement is a crucial preliminary document used when two or more parties intend to form a joint venture in or through Hong Kong. It serves as a roadmap for negotiations and future definitive agreements, capturing the parties' preliminary understanding of key commercial and structural terms. This document is particularly relevant given Hong Kong's strategic position as a major business hub and gateway to mainland China, often used in cross-border transactions. The MOU typically includes provisions on proposed ownership structure, business scope, capital contributions, management arrangements, and timeline for implementing the joint venture, while maintaining flexibility for detailed negotiations. While primarily non-binding, it usually contains binding confidentiality and exclusivity provisions to protect parties during negotiations.
Suggested Sections

1. Parties: Identification of the parties entering into the MOU, including full legal names and registered addresses

2. Background: Context of the proposed joint venture, including business objectives and rationale for collaboration

3. Definitions: Key terms used throughout the MOU

4. Purpose and Scope: Overview of the proposed joint venture's business scope and objectives

5. Proposed JV Structure: Basic framework of the proposed joint venture, including ownership split and business model

6. Key Commercial Terms: Principal commercial terms including proposed capital contributions, profit sharing, and management structure

7. Confidentiality: Obligations regarding the protection of confidential information exchanged

8. Exclusivity: Period during which parties agree not to negotiate with other potential partners

9. Duration and Termination: Term of the MOU and circumstances for termination

10. Next Steps: Process and timeline for negotiating and executing definitive agreements

11. Non-Binding Nature: Clear statement of which provisions are binding and non-binding

12. Governing Law: Specification of Hong Kong law as governing law

13. Counterparts: Provision for execution in counterparts

14. Signatures: Execution blocks for all parties

Optional Sections

1. Due Diligence: Framework for conducting due diligence investigations, include when detailed due diligence process is anticipated

2. Regulatory Approvals: Include when the joint venture will require specific regulatory approvals

3. Intellectual Property: Include when IP will be a significant component of the joint venture

4. Employee Matters: Include when there will be significant employment considerations or transfers

5. Costs and Expenses: Include when there's a need to address the allocation of costs during the MOU phase

6. Press Releases: Include when public announcements are likely or when one party is a public company

7. Break Fee: Include when parties want to establish consequences for withdrawal from negotiations

8. Dispute Resolution: Include when parties want specific dispute resolution mechanisms for the MOU phase

Suggested Schedules

1. Initial Business Plan: High-level overview of proposed business operations and objectives

2. Proposed Corporate Structure: Diagram or description of intended JV structure

3. Timeline: Proposed schedule for negotiations, due diligence, and definitive agreement execution

4. Assets Schedule: Preliminary list of assets to be contributed by each party

5. Required Approvals: List of anticipated regulatory and corporate approvals needed

6. Key Personnel: Preliminary identification of key management positions and responsibilities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































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Relevant Industries

Financial Services

Technology

Manufacturing

Real Estate

Infrastructure

Retail

Healthcare

Professional Services

Energy

Transportation

E-commerce

Education

Telecommunications

Construction

Trading and Distribution

Relevant Teams

Legal

Corporate Development

Finance

Strategy

Commercial

Mergers & Acquisitions

Business Development

Corporate Secretariat

Risk Management

Compliance

Tax

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

General Counsel

Legal Director

Corporate Development Director

Business Development Manager

Investment Director

Managing Director

Commercial Director

Strategy Director

Joint Venture Manager

Corporate Secretary

Head of Mergers & Acquisitions

Project Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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