A put option joint venture agreement is a legal contract between two or more parties that allows one party to sell their shares in the joint venture to the other party at a predetermined price. This type of agreement is often used in joint ventures where one party wants to exit the venture at a later date.
The put option joint venture agreement contains specific terms and conditions that govern the sale of shares, including the price at which the shares will be sold, the time period during which the put option can be exercised, and any restrictions or limitations on the exercise of the option.
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