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China Sino-Foreign Limited Liability Joint Venture Contract

Set up a limited liability joint venture company in China with this Sino-Foreign Limited Liability Joint Venture Contract, in accordance with the Sino-Foreign Contractual Joint Venture Law.
  • This joint venture is between two corporate bodies, one being a company organized in China (Party A) and the other a foreign company (Party B).
  • The parties will set up a limited liability company, which will be established as a contractual joint venture.
  • Party B’s initial capital contribution may be in cash or in kind, equipment and machinery. Party B will make an additional capital contribution each year.
  • Party A’s initial capital contribution will consist of its existing assets that it is contributing to the operations of the joint venture, including inventory, equipment, vehicles, buildings, labour, land, etc.
  • If additional contributions are required, they are to take the form of shareholder loans. Each shareholder will be required to provide one-half of such additional contributions.
  • Party A will be solely responsible for paying relocation costs, pension fund payments, termination costs, or any outstanding liability, tax or other debts owing by Party A.
  • Party B will be responsible for assisting the joint venture in engaging foreign agents, providing capital, making any purchases the venture requires from outside of China, and selling the venture’s products internationally.
  • Party A will be responsible for obtaining all necessary approvals and permits, obtaining utilities, space and labour at the best prices, and dealing with all government officials in the course of business.
  • The shareholders will appoint a board of directors to run the business of the joint venture company.
This English language Sino-Foreign Limited Liability Joint Venture Contract template is prepared in accordance with the laws of the People’s Republic of China. A Chinese version of the document may also be required for it to be legally enforceable.

Download: China Sino-Foreign Limited Liability Joint Venture Contract

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Canadian Law Resources: (14-Apr-2018) E.&O.E.

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