Japan Nuclear Fuel Co., Ltd.(JNF), predecessor of Global Nuclear Fuel – Japan Co., Ltd., began operating in 1967 in Kurihama as a joint nuclear fuel production company between General Electric Company (US), Toshiba Corporation and Hitachi Limited.  Since the delivery of the first nuclear fuel produced domestically in 1971, GNF-J, a pioneering nuclear fuel manufacturer, has delivered more than 70,000 fuel packages to various nuclear power plants throughout the country and has contributed to the stability of Japan`s energy supply.  On January 1, 2000, the distribution, design and development of the three joint venture partners were transferred to JNF, and JNF made a fresh start as a GE Group company, which then changed its name to GNF-J by offering basic management services as well as handling the design and quality control of MOX fuels.  This international joint venture agreement governs the relationship between two companies established in different countries, which create a third entity (the joint venture). This new company would generally be located in the same country as one of the two partners, with the intention of jointly establishing an activity with its own objectives: research, marketing and distribution, manufacturing, etc. In 1998, ITC conducted a global survey of commercial contracts. More than 245 trade promotion organizations (TPOs) from 125 countries responded. The survey showed that 77% of joint venture standard contracts were requested and considered a priority. Surprisingly, in less than two years, a group of about 55 specialists from 45 countries, representing all legal cultures (see the corresponding article on the pro-bono committee for ITC joint venture contracts), agreed on two models.
Michael Schneider, Jean-Paul Vulliety and Carolyn Olsburg, lawyers at Lalive and Partners, Geneva, Switzerland, have developed projected standard contracts for international joint ventures. They can be contacted by email@example.com IJVs auxiliary companies to form strategic alliances that allow them to gain competitive advantages by having access to a partner`s resources, including markets, technologies, capital and people. International joint ventures are seen as a practical means of knowledge transfer, like. B the transfer of technology, through multinational know-how to local businesses, and this transfer of knowledge can help improve the performance of local businesses.  Within IJVs is one or more of the parties in which the IJV`s activity takes place and in which a local and foreign company is also involved.  A joint venture created as a limited liability company (LLC) provides protection to partners by offering limited liability to all members. Unlike a limited partnership (LLP), it is not necessary to have a partner who is fully responsible and can be held responsible for all debts. [Citation required] International joint ventures are created when two companies work together to achieve a specific goal. For example, Company A and Company B are beginning to identify and select an IJV partner. This process includes several steps such as market research, partner research, options assessment, negotiations, business valuation, business planning and due diligence.  These steps are taken care of by each company.