Description
In complex transactions, international as well as national cooperation between companies requires solid and balanced terms and conditions. The International Chamber of Commerce (ICC) provides small-, medium-sized and large companies with the ICC Model Contract Joint Venture, a unique, balanced framework that ensures fairness for all involved parties.
The model is intended for parties that wish to cooperate in major construction projects as joint operators rather than on a sub-contract basis. It satisfies the needs of employers undertaking major projects who do not want to use a multi-contracting structure with several contracts and contractors.
The model allows for a solid decision-making process, clear allocation of participation and provision of resources while considering the need for swift and effective dispute resolution and for complete and informed allocation of risks.
Each ICC Model Contract includes a fully editable version in Microsoft Word, permitting you to easily adapt the contract to your specific case.
