Vietnam: Latest business cooperation minutes template 2022? Does the minutes of the business cooperation agreement need to be notarized?
What is a partnership agreement in Vietnam?
A type of contract that aims for the parties to work together, perform a job or project, mutually agree on the sharing of profits, and jointly take responsibility for the work, that contract is called a cooperation agreement.
Contents in the minutes of cooperation agreements usually include:
- Purpose and duration of cooperation;
- Full name, place of residence of the individual; name and head office of the legal entity;
- Contributed assets, if any;
- Contribute by labor, if any;
- Method of distribution of profits and incomes;
- Rights and obligations of cooperative members;
- Rights and obligations of the representative, if any;
- Conditions for participation and withdrawal from the member's cooperation contract, if any;
- Conditions for termination of cooperation.
Vietnam: Latest business cooperation minutes template 2022? Does the minutes of the business cooperation agreement need to be notarized?
What are the notes when drafting the minutes of the cooperation agreement in Vietnam?
In case of drafting a memorandum of cooperation agreement, the following issues should be noted:
- Agree on content before making a record
- Use precise, clear wording
- Ensure full information as agreed
- Presentation form
Does the minutes of the agreement need to be notarized in Vietnam?
Currently, the Law on Notarization 2014 and other related laws do not stipulate that the minutes of the agreement need to be notarized. Or it is also said that the law does not provide for the notarization of the minutes of the agreement.
However, the notarization of civil transactions in general and minutes of agreements in particular are some of the most legal ways for transaction documents.
Latest business cooperation minutes template in Vietnam?
Model 01:
Download the latest Business Cooperation Minutes Form 01: Here.
Model 02:
Download the latest Business Cooperation Minutes Form 02: Here.
Above is some of the information we provide to you. Best regard!
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