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Author Topic: Joint Venture with non-Indian employer considerations?  (Read 188 times)

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Offline Achilles

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Joint Venture with non-Indian employer considerations?
« on: September 08, 2016, 06:38:10 AM »
Hi,

My new employer is offering a fixed salary plus percentage of sales. I want the employer to keep paying me the sales percentage for 5 years even if I leave the employment. To this he suggested that we do a joint venture agreement in addition to the employment agreement. I will be involved only in product development with no involvement whatsoever in sales.

Now, my questions are -

1. Is joint venture the best option for this scenario?

2. The employer has entities setup in various countries, but I'm based in India (with no visas etc to easily go to those other countries). Do I need to do the JV with all of the entities or only with the Indian entity?

3. Since the employer could be selling the product outside of India, how do I track that he has sold the product or acquired new clients etc in some other country (or even in India for that matter)? If he doesn't tell me himself then I don't really have any way to know. If he stops paying the sales percentage and tells me that it is because there are no sales, I will have no way of proving or disproving it.

4. What other considerations should I have for this scenario?

5. Can you also provide a sample joint venture agreement that I should use?

Thank you

 

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