The Joint Venture Term Sheet is a critical preliminary document used when two or more parties intend to form a joint venture in or under the laws of Hong Kong. It captures the essential commercial and legal terms agreed upon during initial negotiations, serving as a blueprint for the detailed joint venture agreement to follow. Typically used in cross-border transactions or significant domestic collaborations, this document outlines fundamental aspects such as ownership structure, governance, capital contributions, and operational parameters. While predominantly non-binding, certain provisions like confidentiality and exclusivity are usually binding. The document must comply with Hong Kong legal requirements and commonly references key legislation such as the Companies Ordinance and Securities and Futures Ordinance. It's particularly valuable in complex negotiations involving multiple stakeholders or when parties need to secure internal approvals or external financing based on preliminary terms.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of all parties to the proposed joint venture, including full legal names and registration details
2. Background: Context of the proposed joint venture, including the parties' objectives and rationale for collaboration
3. Definitions: Key terms used throughout the term sheet
4. JV Entity Structure: Proposed legal structure, jurisdiction of incorporation, and business name of the joint venture
5. Business Scope: Detailed description of the joint venture's intended business activities and any territorial restrictions
6. Capital Structure: Initial capitalization, equity split, and funding commitments from each party
7. Board Composition: Structure of the board, appointment rights, and voting mechanisms
8. Management: Key management positions, appointment rights, and reporting structures
9. Reserved Matters: Decisions requiring special majority or unanimous approval
10. Transfer Restrictions: Limitations on transfer of shares and rights of first refusal
11. Confidentiality: Binding provisions regarding confidential information
12. Exclusivity: Period and terms of exclusive negotiations
13. Binding Effect: Clarification of which provisions are binding and non-binding
14. Costs: Allocation of costs related to the JV formation
15. Governing Law: Applicable law and jurisdiction for disputes
1. Intellectual Property Rights: Terms regarding IP ownership, licenses, and usage - include when IP is crucial to the venture
2. Non-Compete: Restrictions on competitive activities - include when protecting market position is critical
3. Exit Mechanisms: Procedures for exit including put/call options - include for ventures with planned exit horizons
4. Deadlock Resolution: Mechanisms to resolve deadlock situations - include for 50/50 joint ventures
5. Distribution Policy: Framework for profit distribution - include when regular distributions are contemplated
6. Additional Funding: Mechanisms for future funding rounds - include when future capital needs are anticipated
7. Technology Transfer: Terms of technology contribution and sharing - include for technology-focused JVs
8. Employment Matters: Key employment terms and secondment arrangements - include when significant staff transfers are planned
9. Regulatory Approvals: Required governmental or regulatory approvals - include for regulated industries
1. Initial Business Plan: High-level outline of the proposed business plan and key milestones
2. Capital Contributions: Detailed breakdown of initial capital contributions (cash and non-cash)
3. Reserved Matters List: Comprehensive list of matters requiring special approval
4. Key Management Positions: List of key positions and initial appointees
5. IP Schedule: List of key intellectual property to be contributed or licensed
6. Implementation Timeline: Proposed timeline for JV formation and key next steps
7. Pro Forma Financials: Initial financial projections and key assumptions
Find the exact document you need
Vehicle Lease Agreement Between Two Parties
A Hong Kong law-governed agreement establishing terms and conditions for vehicle leasing between two parties, including payment, maintenance, and insurance requirements.
Download
Termination Paperwork For Employee
A Hong Kong law-compliant employee termination document that formalizes employment separation and outlines all associated rights, obligations, and payments.
Download
Termination Of Leases
A Hong Kong law-governed agreement for the mutual termination of a lease, outlining termination terms, property handover, and financial settlements.
Download
Termination Of Independent Contractor Agreement Letter
A Hong Kong law-governed letter that formally terminates an independent contractor agreement, specifying termination terms and post-termination obligations.
Download
Termination Of Dealership Agreement
A Hong Kong law-governed agreement that formally terminates a dealership arrangement between a supplier and dealer, setting out terms for ending the business relationship.
Download
Joint Venture Term Sheet
A preliminary document under Hong Kong law outlining key terms and conditions for a proposed joint venture, serving as the basis for detailed documentation.
Download
Ending Tenancy Agreement Early
A Hong Kong law-governed agreement that enables landlords and tenants to formally terminate a tenancy before its scheduled end date.
Download
Ending Lease Agreement
A Hong Kong-law governed agreement that formally documents the termination of a lease arrangement between landlord and tenant, including settlement and handover terms.
Download
Contract Bond For Employee
A Hong Kong-governed agreement creating a financial security between employer and employee to ensure continued service or protect training investment.
Download
Hire Purchase Agreement Motor Vehicle
A Hong Kong law-governed agreement for financing vehicle purchases through installment payments, transferring ownership upon completion of all payments.
Download
Breaking Lease Agreement
A Hong Kong-compliant legal agreement for the mutual early termination of a lease, outlining termination terms and settlement conditions.
Download
Mutual Termination Of Lease Agreement
A Hong Kong law-governed agreement documenting the mutual consent between landlord and tenant to terminate an existing lease early, including termination terms and mutual releases.
Download
Periodic Tenancy Notice To Quit
A formal legal notice used in Hong Kong to terminate a periodic tenancy, complying with local legislative requirements and notice periods.
Download
Ending Lease Agreement Letter
A formal notice under Hong Kong law to terminate a lease agreement between landlord and tenant, outlining termination details and handover arrangements.
Download
Mutual Termination Agreement Employment
A Hong Kong law-governed agreement for the consensual termination of employment between employer and employee, setting out termination terms and mutual releases.
Download
Cancel Tenancy Agreement Letter
A formal letter for terminating a tenancy agreement in Hong Kong, complying with local property laws and providing official notice of termination.
Download
Termination Of Rental Agreement Letter By Tenant
A Hong Kong-compliant formal notice from tenant to landlord declaring intention to terminate a rental agreement, including termination date and property details.
Download
Termination Of Contract Of Lease Letter
A formal notice under Hong Kong law to terminate a lease agreement between landlord and tenant, including key termination details and handover arrangements.
Download
Property Management Lease Agreement
A Hong Kong-governed agreement between property owners and management companies establishing terms for property management services.
Download
Periodic Lease Agreement
A Hong Kong law-governed agreement establishing a recurring tenancy arrangement between landlord and tenant, typically on a month-to-month basis.
Download
Partnership Term Sheet
A preliminary document outlining key terms for establishing a partnership under Hong Kong law, serving as a basis for a full partnership agreement.
Download
Independent Contractor Termination
A Hong Kong law-governed agreement for formally terminating an independent contractor relationship, including termination terms, final payments, and post-termination obligations.
Download
Termination Of Month To Month Lease
A Hong Kong law-compliant document providing formal notice to terminate a month-to-month lease agreement, including termination date and handover requirements.
Download
Termination Of Health Insurance Letter From Employer
A formal notification letter from employer to employee regarding the termination of company health insurance coverage, compliant with Hong Kong regulations.
Download
Religious Worker Visa Application Form
A Hong Kong visa application form for religious workers seeking employment in local religious institutions, compliant with Hong Kong immigration laws.
Download
Loan Swap Agreement
A Hong Kong law-governed agreement establishing terms for exchanging loan-related payment obligations between parties, including interest rates and principal amounts.
Download
Lease Buyout Agreement
A Hong Kong law-governed agreement facilitating the early termination of a lease between landlord and tenant, including buyout terms and mutual releases.
Download
Employee Evaluation Report
A Hong Kong-compliant employee performance evaluation document that records performance assessments, achievements, and development plans while meeting local legal requirements.
Download
Termination Of Contract Form
A Hong Kong law-compliant document that formally terminates an existing contract between parties, specifying termination terms and conditions.
Download
Termination Of Broker Agreement
A Hong Kong law-governed agreement that terminates an existing broker relationship, settling all obligations and ensuring regulatory compliance.
Download
Termination Of Agency Contract
A Hong Kong law-governed document that formally terminates an agency relationship, outlining termination terms and post-termination obligations.
Download
Termination Of Employment Without Notice
A Hong Kong law-governed document for immediate employment termination without notice, typically used for serious misconduct cases under the Employment Ordinance.
Download
Termination Of Construction Contract By Owner And Contractor
A Hong Kong law-governed agreement between property owner and contractor for mutual termination of a construction contract, including settlement terms and handover procedures.
Download
Early Release From Probation Letter
A Hong Kong-compliant letter confirming an employee's early release from probation and transition to permanent employment status.
Download
Cancellation Of Agreement To Sell
A Hong Kong law-governed document that formally terminates an existing sale agreement between parties, outlining terms for cancellation and mutual releases.
Download
Termination Of Property Management Agreement
A Hong Kong-governed agreement for terminating property management services, including handover procedures and settlement terms under local property management regulations.
Download
Termination Of Acting Appointment Letter
A Hong Kong law-governed letter that formally terminates an individual's acting appointment within an organization, including termination details and handover requirements.
Download
Tenant Demand Letter
A formal demand letter under Hong Kong law from landlord to tenant regarding lease breaches or overdue payments, serving as a prerequisite to legal action.
Download
Exercise Liability Waiver
A Hong Kong law-governed liability waiver protecting fitness facilities and trainers from claims related to exercise activities.
Download
Termination Verification Letter
A formal letter under Hong Kong law confirming employment termination, including termination date, final payments, and post-employment arrangements.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)