A joint venture is basically a tactical partnership in which two or more than two companies or individuals decides to put in products, services and capital to establish a commercial project. The main key for success in joint venture in India is the compatibility and understanding between the contracting parties. The associated parties must aim for a goal together and the conditions must be written in the clauses of Joint Venture Agreement. This can maintain the success of the collaboration in Indian scenario.
EC and CC are the Encumbrance Certificate and Completion certificate.»Proceed