It appears you want me to review documents, with the actual work forming the entity and setting up the factory to be done by your JV partner.
I briefly reviewed briefly the JV contract. The document is written in a common law style, but it is clear and complete. Are you certain you want to operate in China in JV structure? Are you certain the proposed amount of capital will be sufficient to set up and begin operations for a manufacturing venture? Are you certain you are willing to contribute ownership of your intellectual property to the JV company? Are you certain you would prefer to transfer ownership of your IP to the JV company, rather than just license your IP to that entity? Are you certain you are willing to earn income from this project solely from distribution of profits from the JV company? Are you certain you are willing to give full control over this project to the Chinese side? Your JV contract assumes you can exercise some form of control through the board of directors, but this is an illusion.
If your answer to all of the above is yes, then my review of the documents would be extremely limited. If your answer to any of the above is no or that in light of my questions you are not clear on how you wish to proceed or simply that you need more information, then I would provide for a normal review, outlining the issues. However, if you already understand and are ready to move forward on the basis of this contract, there is no need for this step.
Finally, note that forming a foreign invested enterprise in Shenzhen is a difficult process. Though your partner will be dealing with the Chinese side, much of the process and much of the delay involves obtaining information and authenticated documents from your company and very few Chinese companies (or even Chinese lawyers) have experience in that process. You should discuss with your partner how you will handle that side of the formation process. Note also that setting up a factory in Shenzhen involves all sorts of required documentation and is a complicated and time consuming procedure. However, if your Chinese JV partner has all of the above under control, none of this should raise any issues. You should, however, ascertain whether they understand the JV formation process. In our experience, most Chinese “partners” do not understand this process, which can cause confusion and delay and added expense down the road.
As always, if you have any questions, please do not hesitate.