How to conclude a share association agreement in the Information Technology (IT) field in Romania?

A joint venture agreement is a contract whereby a person provides, to one or more persons, a share in the benefits and losses of one or more operations that he or she undertakes. In other words, the joint venture agreement is usually concluded between practitioners in Romania, being a form of association between two or more persons, without acquiring legal personality.

Intellectual property law, especially copyright, plays an essential role in terms of the benefits that practitioners have in Romania, which is why the Romanian Law Firm Pavel Mărgărit and Associates recommends using the services of a lawyer specialized in Intellectual Property Law, Corporate Law and Commercial Law in Romania, who can establish the conditions of the contractual relationship, rationalizing on the contributions of each shareholder, their activities, the management of the association as well as the way of sharing the results of joint activities. The conclusion of a joint venture agreement  in the field of information technology (IT) in Romania requires special attention regarding the clauses included, not infrequently, the evasive clauses being the cause of the disputes between the shareholders, this being the reason why the Romanian Law Firm Pavel Mărgărit and Associates proposes to outline the elements on which practitioners in Romania must be cautious when  establishing such a contractual relationship.

The elements on which practitioners in Romania should be cautious when concluding a joint venture agreement are represented by the way in which the contributions of each shareholder are distributed, as well as the way in which the benefits are shared between the shareholders in Romania.

A joint venture agreement in Romania must contain clauses regarding the contribution of each shareholder in Romania within the joint venture agreement, as well as the clauses regarding the time from which the joint venture agreement in Romania takes effect. In addition, the decision-making process regarding the subject matter of the joint venture agreement will comply with the rules assigned by the shareholders in Romania, as a result of expressing their will.

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The Romanian Law Firm Pavel, Mărgărit and Associates is composed of lawyers who have extensive experience in corporate and commercial law, as well as in intellectual property law in Romania, assisting over time numerous practitioners in Romania who wish to conclude a joint venture agreement.

Those who are practitioners in Romania must be careful in setting limits on intellectual property law in Romania, especially on copyright in Romania, the contracting parties having the possibility to stipulate special provisions for the protection of such rights in Romania, as well as the benefits arising from them.

The Romanian Law Firm Pavel, Mărgărit and Associates recommends to use the services of a lawyer specialized in intellectual property, corporate law and commercial law in Romania, who can establish the conditions of the contractual relationship between the parties of the joint venture agreement in Romania.