SC FABRICA DE BUCȘE SRL

Within the past few years, co-ownership agreements have become the most requested solutions to the increased cost of manufacturing produced by unregulated acquisitions or merging investments. This trend has been witnessed and requested by many businesspeople of the SC FABRICA DE BUCȘE SRL company. Acting as a manufacturer in the automotive sector, the SC FABRICA DE BUCȘE SRL is oriented towards ensuring maximum quality through the use of modern production facilities. As a supplier for clients like Renault Group, the company produces components in compliance with national and international standards. Moreover, in a constant process of growth, the SC FABRICA DE BUCȘE SRL, holding over ten years of activity, emphasizes satisfaction of its partners, both in terms of quality and services. Compliance of the components manufactured with European standards completes the supplier portfolio of SC FABRICA DE BUCȘE SRL. Pursuing long-term collaboration, the company provides customized solutions for each client. That being said, the SC FABRICA DE BUCȘE SRL does not reject the modern trends of the manufacturing processes. Hence, why resorting to co-ownership agreements? First of all, one needs to remember what such an agreement entails. Mistakenly, many people tend to confuse between a co-ownership agreement and other documents, such as an association, a joint-venture or even a lease agreement. There are differences to be taken into consideration and the ultimate purpose of utilizing a co-ownership agreement is the fact that it is a viable solution to a number of different business-related situations. In this sense, a co-ownership agreement can be used: Now, the question is, when would you use a co-ownership agreement for your manufacturing company? Returning to our example, the SC FABRICA DE BUCȘE SRL is intent on sustaining its continuous development and that takes money. And money can be hard to find given the current economic context which influences the development of many smart ideas. Or no money is available within the company’s financial resources. Or the company wants to expand and build something that it cannot afford alone. A possible solution could be for the SC FABRICA DE BUCȘE SRL to invest together with other similar companies, or companies that are preferably not in the same field, as a means of sharing and decreasing the costs or the risks associated with starting something new. It must be said, however, that the SC FABRICA DE BUCȘE SRL and any company using the co-ownership solution must consider very carefully with whom it chooses to do business with, thus making sure that the investment and quality they have worked so hard to establish does not suffer “collateral damage”. An option worth taking into the consideration is the fact that co-ownership agreements also allow for shareholding of investments. Thus, should partners fail to reach mutual agreement on the management and control of their common business, the shares held by each co-owner are transferable. Obviously, the unrestricted transfer promotes faster recovery or occurrence of investment management issues. On the positive side, however, risk is repelled, which proves advantageous for the manufacturing sector. Finally, be aware that establishing a co-ownership is facilitated by standard forms, in this case a comprehensive co-ownership agreement sample. The proposed model regulates the basic provisions included in such agreements and offers the drafter a wide range of sections where they are free to include details or clauses which are specific for their companies or commercial relations. Of course, our legal team stands at your service in order to help you draft a custom-made agreement for your business or situation. Again, we recommend asking for specialized legal advice before drafting your co-ownership agreement, as there are certain provisions that others would want to keep specific to their businesses, while some might need to remain general so that they are legal in various fields of manufacturing.