Tasmania only. Equal partnership in joint venture operations. This Deed or Memorandum of Understanding is between a company and another company who have decided to co-operate in a new joint venture operation. This deed is like a partnership agreement for both companies as equals, but one that does not seek to create a new entity. A new management board is established, rules for running the operation agreed, and certain risks identified and dealt with. It adopts a modern document style (24 pp.); it uses ASIC's help to define likely and expected 'books of account and accounting records'; and uses a circulating resolution from all members of the management board to promote a 'solvency resolution' at the end of the financial year to assist the Partners' due diligence checks or trigger investigation as to the possible expiration of the Joint Venture.
l-3432memora.docDeed or Memorandum of Understanding is between a company and another company who have decided to co-operate in a new joint venture operation.
