Welcome to our Joint Venture Consultation Service.

Do you plan to expand your business and increase your profits in Kenya though a partnership or Joint venture?
Look no further, at Biz Brokers Kenya, we have extensive experience in creating and managing joint ventures business Entry and compliance. Our service begins with an in-depth analysis of your business objectives. We then identify potential partners and conduct thorough due diligence to ensure a mutual fit.

We also negotiation and structuring your joint venture agreement, and provide ongoing support on compliance and licensing to ensure the success of the partnership.

Our consultation services include

• Business analysis and goal identification
• Partner identification and due diligence
• Negotiation and agreement structuring
• Ongoing partnership support and management

Requirements of a Joint Venture agreement in Kenya

1. Objectives: Define the purpose and scope of the joint venture, including the specific business activities that will be undertaken by the parties.
2. Contributions: Specify the contributions that each party will make to the joint venture, including financial contributions, property, and services
3. Management: The agreement should define the management structure of the joint venture, including who will be responsible for making decisions and how disputes will be resolved.
4. Profit and Loss: Indicate how profits and losses will be shared among the parties
5. Duration: Specify the duration of the joint venture and how it can be terminated
6. Confidentiality: Confidentiality provision to protect any proprietary information shared by the parties.
7. Dispute Resolution: Process for resolving disputes, such as arbitration or mediation.
8. Governing Law: Shall be the Laws of Kenya.
9. Representations and Warranties: The representations and warranties by each party regarding the authority of its representatives to enter into the agreement and the absence of any legal barriers to the performance of their obligations under the agreement.

Process for setting up a Joint Venture in Kenya

Here as some of the stages for setting up a Joint Venture in Kenya

1. Investor makes a proposal
   After the relevant Due diligence and coming up with a concept of the venture to be undertaken, the investor makes a proposal to the land owner or Business owner The proposal can be in the form of returns profit-sharing ratio between the parties, depending on the agreed contribution by each side.
2. Investor makes a proposal
   After the relevant Due diligence and coming up with a concept of the venture to be undertaken, the investor makes a proposal to the land owner or Business owner The proposal can be in the form of returns profit-sharing ratio between the parties, depending on the agreed contribution by each side.
3. Drafting and signing the contract
   Once the investor’s representatives and or lawyers approves the proposal, the parties them make a draft copy of the joint venture contract, laying down the terms and conditions of the Venture and operations therein
4. Incorporation of a Joint Venture Company (JVC)
   After the joint venture agreement has been signed, a special-purpose company is incorporated, with the sole purpose of fulfilling the objectives of the joint venture agreement. The new company formed should, ideally, be registered as a private limited
5. Transfer of shares, assets or title to JVC
   In line with the joint venture contract, the Business or land owner avails to the investor’s advocate all deeds and relevant documents to facilitate the registration of the transfer of the land in favor of/ in the name of the JV company.
6. Procurement of all approvals and commencement of project
   The investor will have the plan prepared by the project architect, taking into account the business owner’s requirements, and when ready and approved by the landowner, the same will be submitted to the relevant government authorities for approval
7. Profit Sharing
   On the course of the venture or upon completion of the project, the profits or allocations or allotment is done according to the agreement.

Joint ventures are increasingly popular in Kenya property development sector for the following reasons.

Why joint ventures for land owners?

1. For a land owner, the greatest challenge is lack of capital
2. Lack of technical know-how

Why joint ventures for Developers?

3. High cost of Land
4. Lack of prime land to develop

Looking forward to being of service to you. Contact us for further information and assistance.

Registration of joint venture Company in kenya

To secure your possition, interests and investment in a Joint Venture company, parties are encourages to structure and regsiter a Special Purpose company, incorporated as a vehicle for the sole purpose of undertaking the Joint venture Business in Kenya.

Dowload a Joint venture agreement sample document here

info@bizbrokerskenya.com

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