Sony and Ericson signed up for a joint venture deal to increase the production of the latest smartphones and electronic gadgets. The business valuation exceeded $350 million dollars after they made the merger, with an ownership ratio of 50-50 for the joint venture. The goal of the strategic collaboration was to improve driver safety, add self-driving cars, and implement reliable backup systems for their steering and brake features. UBER and Volvo formed a joint venture in 2015 to ramp up the production of autonomous or driverless vehicles. The final agreement was completed on June 1, 2012, and the joint venture was established. The brand said it entered into a joint venture agreement with Microsoft Corp to enable better real-time healthcare systems for patients and enhance their overall experience. General Electric announced the release of its new innovation Caradigm in the healthcare IT sector. The venture ended up saving up to $500 million yearly from the deal by the 3rd year and profited. Two brewing companies in 2007 entered a joint venture agreement to distribute beers throughout the United States and Puerto Rico. We've got plenty for you if you are looking for a good JV agreement example. Clauses on conflicts, management, distribution, non-compliance, confidentiality, and dispute resolution.Obligations for each party and responsibilities of all members of the agreement.Key contributors and list of venture members.Details of the joint venture such as business location, address, name, purpose, valuation, etc.The following items are usually included in a JV agreement :
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