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Joint Venture Agreement

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Properties of this Joint Venture Agreement

Fully Compatible with Microsoft Office MS-Word format (.doc) 7 pages 2,568 words

Document Content


1.	DEFINITIONS

2.	FORMATION, NAME, AND PRINCIPLE PLACE OF BUSINESS

2.1.	Formation
2.2.	Name
2.3.	Principal Place Of Business

3.	PURPOSE OF THE JOINT VENTURE

4.	TERM

5.	PERCENTAGE OF PARTICIPATION

5.1.	Description
5.2.	Losses
5.3.	Liabilities
5.4.	Indemnities
5.5.	Duration
5.6.	Initial Contribution Of The Venture
5.7.	Venture Interests
5.8.	Return Of Capital Contributions
5.9.	Allocations Of Net Profits And Losses

6.	POLICY COMMITTEE

6.1.	Management
6.2.	Votes
6.3.	Substitution
6.4.	Majority Vote
6.5.	Powers Of The Policy Committee
6.6.	Insurance Coverage
6.7.	Duties
6.8.	Salaries And Expenses

7.	DELEGATION OF AUTHORITY

7.1.	Split Of Authority
7.2.	Appointment Of A General Manager
7.3.	Delegation Of Authority

8.	JOINT VENTURE BANK ACCOUNTS

8.1.	Deposits
8.2.	Withdrawals

9.	ACCOUNTING AND AUDITING

9.1.	Books
9.2.	Audits
9.3.	Method Of Accounting
9.4.	Compensation

10.	RESOLUTION OF DISPUTES

11.	OTHER PROVISIONS

11.1.	Entire Agreement
11.2.	Governing Law

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Document Description:

This document is used when two or more parties join forces to create a joint company or to collaborate on a joint project. This contract specifies each party’s percentage of ownership and the financial contribution demanded from each. The parties’ roles, responsibilities and relationship to the newly formed venture are also clearly established in this contract. In general, all parties agree to equally share profit, loss and control. Financial details relating to company bank accounts and accounting methods are also specified in a Joint Venture Agreement.

There are countless business situations and investment opportunities that warrant a Joint Venture Agreement. In some cases, a short-term agreement is created solely for the duration of a specific project.
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