JOINT VENTURE AGREEMENT

This Joint Venture Agreement is made this 24th day of December 2023 of the Christian Era.

BETWEEN
M/s. Lalin Traders (MLT), Proprietorship company registered as 1st class enlisted contractor in
Bangladesh and having a place of Business at 462/1, Dream House, Fire Service Road, Bedgram,
Gopalganj is the First part as Lead & Authorized Partner.
AND
Md. Anowar Hossain (MAH), Proprietorship company registered as 1st class enlisted contractor in
Bangladesh and having a place of Business at Kazirmor, Madaripur Sadar, Madaripur is the Second part
as Partner.
In order to tender for a performed the works for “Construction/Improvement of Roads 2,195m in 4
locations, RCC Drains 845m in 2 locations, Protection work 35m & installation of Street Light 79
nos. at Naria paurashava, Shariatpur District., Tender Package No: IUGIP/NARI/UT-DR/02/2023,
e-Tender ID: 899003”

Whereas both the parties are desirous to form a joint venture to participate in the tender submission and
execution of the project.
Whereas both the parties wish to combine and pool their individual resources with a view to meeting the
required qualification therefore and subsequently qualification the project.
Now, therefore, in consideration of the mutual promises and agreements herein contained both parties
hereby agree as follows:
1. NAME OF THE JOINT VENTURE:
The Joint Ventures name is “M/S. LALIN TRADERS-MD. ANOWAR HOSSAIN (JV)”
2. TERMS OF THE JOINT VENTURE:
The terms of the Joint Venture shall be effective on the date of signing of this agreement and shall expire
after the project has been finally accepted by the employer and all the relevant payments and accounts
have been settled to every and all concerned parties, as well as between both parties. The Joint Venture
shall be automatically null and void, where the Joint Venture disqualify for the project or fails to win the
project through the Tender thereafter.
3. LEAD COMPANY (PARTNER):
M/s. Lalin Traders (MLT), shall be Lead & Authorized Company (Partner) of the Joint Venture.
4. SECONDARY COMPANY (PARTNER):
Md. Anowar Hossain (MAH), shall be Secondary Company (Partner) of the Joint Venture.
5. SHARE OF JOINT VENTURE AND PROFIT AND LOSS:
a. M/s. Lalin Traders (MLT) share shall be 51% (Fifty One Percent)
b. Md. Anowar Hossain (MAH) share shall be 49% (Forty Nine Percent)

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6. RESPONSIBILITIES AND LAIBILITIES BETWEEN PARTNERS:

a. 1st Party shall be Authorized Partner, M/s. Lalin Traders (MLT) responsible to
produce papers, documents and other necessary things as per direction of the
employer.
b. Each party shall be jointly and severally responsible and liable to the employer for the
performance of the contract and accordance with the contract terms for the entire
duration of the contract, including the defect liability period and till the works have
been taken over by the employer.
c. Md. Anowar Hossain (MAH) Proprietor: Md. Anowar Hossain will be
responsible and liable for providing Tender Security, Performance Guarantee (PG),
Advance Payment Guarantee (APG), Retention Money Guarantee (RMG) etc as and
whichever required.
d. M/s. Lalin Traders (MLT) & Md. Anowar Hossain (MAH) will be taken jointly
responsibilities of this project.
7. LIMIT OF THE JOINT VENTURE ACTITIVIES:
The Joint Venture activities shall be confirmed to performance of the contract (s) or the said
project under the contract(s) with the employer.
8. JOINT VENTURE OFFICE: “M/S. LALIN TRADERS-MD. ANOWAR HOSSAIN (JV)”
Mailing Address: 462/1, Dream House, Fire Service Road, Bedgram, Gopalganj, Bangladesh.
Mobile No: 01711-380340.
9. REPRESENTATIVE OF JOINT VENTURE PARTNER:
a. Each partner of the Joint Venture appoints the following person as the representative of the
respective party, with full and complete authority and power to represent each partner.
SL Joint Venture Partners Name Position
No.
01 M/s. Lalin Traders (MLT) Md. Abadat Hossain Proprietor

02 Md. Anowar Hossain (MAH) Md. Anowar Hossain Proprietor

10. MANAGEMENT COMMITTEE:

a. The management committee shall compose of Two members, each one representative from
each partner, to be nominates by the individual parties to the Joint venture from time to time
and may change their representative by notifying the management committee in writing.
b. The management committee shall be assigned full authority and power to manage ,control
and supervise operation of the joint venture for a successful performance of the project (s);
11. BANK ACCOUNT:
One or more Joint Venture account shall be opened in the name of the Joint Venture “M/S. Lalin
Traders-Md. Anowar Hossain (Jv)” with such Bank or Banks and shall be be operated by the
both parties jointly or as may be otherwise mutually decided. Payment should be made by the
Employer in that particular Joint Venture Bank account only, which will be intimated by the
parties jointly to the Employer after opening the said Joint Venture Bank Account.

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12. ASSIGNMENT
Neither party of the Joint Venture may assign pledge, sell or otherwise dispose of all or part of its
investment subscript to a third party without the agreement of the other party in writing. When
one party intends to assign all or part of its investment subscribed, the other party shall have the
pre-emptive right.
13. AMENDMENT:
a. No change, amendment or modification of the terms of this agreement shall be valid unless
reduced to writing and signed by both parties.
b. The management committee may take such decisions or take such actions necessary for
carrying out the purpose of the joint venture even though not covered under this deed of
agreement and also may change any clause of this deed for such purpose.
c. Any dispute or of controversy between the parties arising out of or in connection with this
agreement shall be amicably settled between the two parties.
14. SETTLEMENT OF DISPUTES:
a. Any dispute or of controversy between the parties arising out of or in connection with this
agreement shall be amicably settled between the two parties.
b. Unless amicable settlement can be reached through negotiation as in the preceding sub-
clause, all dispute arising out of in connection with this agreement shall finally settled under
the Rules of Conciliation and Arbitration of the Dhaka Chamber of Commerce by one or
more arbitrators appointed in accordance with the said rules.
IN WITNESS WHEREOF, The parties have set their respective hand to this present at the places on the
day, month and year as mentioned above.
This instrument is completed & Computerized in 3 (Three) pages & attested by witnesses of both the
parties.

For M/s. Lalin Traders (MLT) For Md. Anowar Hossain (MAH)

Signature:_______________ Signature:________________
Name: Md. Abadat Hossain Name: Md. Anowar Hossain
Proprietor Proprietor

Witness: Witness: Witness:

1. 2. 3.