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JOINT VENTURE AGREEMENT
THIS JOINT VENTURE AGREEMENT (the "Agreement") made and entered into this ________ day of ________________, ________ (the "Execution Date"),BETWEEN:
____________________________ of ____________________________________________________________, and ____________________________ of ____________________________________________________________(individually the "Member" and collectively the "Members").
BACKGROUND:
IN CONSIDERATION OF and as a condition of the Members entering into this Agreement and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged, the Members agree as follows:
Member
Duties Description
Contribution Description
Agreed Value
$______________ USD
IN WITNESS WHEREOF the Members have duly affixed their signatures under hand and seal on this ________ day of ________________, ________.
_____________________________
____________________________ (Member)
A Joint Venture Agreement, also known as a co-venture agreement, is used when two or more business entities or individuals enter into a temporary business relationship (joint venture) for the purpose of achieving a mutual goal.
A Joint Venture Agreement sets out the terms and obligations of the members and the joint venture.
Two or more businesses form a joint venture when they wish to join forces for a common purpose where they will each share in the risk and reward. It allows each business to grow without having to look for outside funding.
Other reasons businesses may enter into a joint venture relationship could be to gain access to wider markets, share resources, fund the growth of another business, develop products, or diversify.
The following is included in a Joint Venture Agreement:
A joint venture is typically made up of two or more individuals or businesses joining together to complete a project that is limited in scope and time. Once the project is completed, or by a fixed date in the future, the joint venture ends.
A partnership consists of two or more people who go into business together with a view to making a shared profit. A partnership is governed by a Partnership Agreement and unlike a joint venture, it typically continues for as long as the partners want to be in business.
Collaborating with another business can offer the following benefits:
Partnering with another business does offer its perks, but there are also some possible risks as well, including:
Sample
Joint Venture Agreement
Create Your Joint Venture Agreement
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