| SME RESOURCES |
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| As part of its ongoing efforts to assist SMEs in Brunei Darussalam, the BEDB has created the following Framework for a Joint Venture Agreement. This guide is targeted at SMEs who are contemplating or negotiating business joint ventures in Brunei Darussalam. |
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| This Framework is intended to illustrate a typical structure for creating a business joint venture and to highlight the common issues are rising and some of the approaches used to address them. |
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| It is hoped that local SMEs will use this Framework as a reference. However, users should bear in mind that no two joint ventures are the same. Each will have its own unique circumstances and challenges that will require a unique set of solutions, These will emerge through the negotiating process with the parties involved. |
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All parts of this Framework have been set out for illustrative and educational purposes only. This Framework is not an exhaustive guide to any or all the issues that may be encountered during the process of forming a business joint venture, nor any purported strategy to manage those issues.
Users are strongly advised to seek independent legal and other expert advice before entering into any commercial contracts including joint venture agreements.
This Framework is not intended to be a legally usablear binding agreement, and shall not be relied upon as such. Users are reminded that the BEDB does not warrant the completeness or the accuracy of any information or representation in this Framework. Nothing in this Framework shall be construed as, financial, technical, insurance or tax advice from the BEDB. No part of this Framework including any clause, omission, guidance notes, lists or examples shall at any time be construed as a position or approach recommended by the BEDB, or reflecting the BEDB’s preferred position in any way.
Any act to download and/or accept of this document in either softcopy or hardcopy, whether in whole or in parts constitutes the recipient’s agreement to and acceptance of the terms set forth in this Important Notice. |
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