Agreement2nd Edition 2017FOREWORDFIDIC has developed model forms for two types of associations between services suppliers – this Model Joint Fidic joint venture consortium agreement pdf Agreement and a Model Sub-Consultancy Agreement. FIDIC intends to publish Guides on the use of all of these Agreements. Which FIDIC Contract should I use? Which FIDIC Course should I attend?
Enter the terms you wish to search for. Your shopping basket is empty. FIDIC has developed model forms for two types of associations between services suppliers – this Model Joint Venture Agreement and a Model Sub-Consultancy Agreement. This model Joint Venture Agreement will allow the parties to agree, on a project-specific basis, their obligations, services and rewards within the Joint Venture created among them by the effect of this Model Joint Venture Agreement. It is not intended to create a legal entity or to be used to create a more permanent non-project specific legal association. One purpose of a model agreement such as this is to raise the awareness of the Members of the Joint Venture as to what should be in the Agreement to mitigate their individual risks and avoid disputes between themselves. A second purpose is to provide the Members with a manageable agreement which establishes clear responsibilities and legal capacities to act.
It is aimed to avoid disputes and deadlocks between the Members. In countries where it is inappropriate to use the description “Joint Venture” for the type of project-specific association described above, the wording in the Joint Venture Agreement can be changed accordingly. Where for any reason it is not suitable for any of the potential Members to be in a direct contractual relationship with the Client, then the use of the Sub-Consultancy Agreement should be considered. Users should check on a case-by-case basis the precise nature of this Agreement in light of the governing law, assuming that the lowest level of alliance is intended. This Model Joint Venture Agreement does not create a legal entity but is an agreement between parties to associate for a specific project. In the event of doubt, it is recommended that legal advice should be obtained.