Discusses the legal requirements/options for joint venture/licensing in this market.
Last Published: 7/14/2019
When selecting a local partner, U.S. companies should be rigorous in conducting due diligence.  There are several examples of successful U.S./Tunisian joint ventures.  The Embassy recommends, however, that U.S. firms retain management control of any joint venture company.  Joint venture agreements should also clearly establish a binding dispute settlement procedure (such as referring cases to the International Court of Arbitration) acceptable to both parties.  Licensing agreements have also worked well but may require periodic visits to ensure adherence to quality control and other standards
 

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