Joint Venture Agreements
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Joint Venture Agreements
Are you and other business professionals planning on undertaking a business venture? Then you should have a solid joint venture agreement in place. Our agreement is easy to follow through and can be adapted to meet your every business needs.
Our agreement will cover all the important aspects such as, capital contributions, management, rights of a joint venturer, transfers of interest, death, retirement, bankruptcy and many more issues that are pertinent to your business venture.
This Joint Venture Agreement is intended for those who have formed a partnership for a specific project or a particular business transaction. These types of business projects usually have specific time frames and do not continue indefinately.
JOINT VENTURE AGREEMENT TEXT VERSION
TABLE OF CONTENTS
SECTION 1 NATURE AND PURPOSE OF AGREEMENT
RECITALS
SECTION 2 DEFINITIONS
SECTION 3 JOINT VENTURE
3.1 Joint Venture Name
3.2 Place of Business
3.3 Purpose of Joint Venture
3.4 Term of Joint Venture
SECTION 4 JOINT VENTURER’S CAPTIAL CONTRIBUTIONS
4.1 Joint Venturer’s Contributions
4.2 Joint Venturer’s Interest in Joint Venture
4.3 Banking
4.4 Capital Withdrawals
4.5 Capital Accounts.
4.6 Interest
4.7 Additional Capital.
4.8 Joint Venture Loans From Joint Venturers.
4.9 Profits and Losses
4.10 Legal Title to Joint Venture Property
SECTION 5 MANAGEMENT OF JOINT VENTURE
5.1 Management Authority
5.2 Indemnification of Joint Venturers
5.3 Hours Devoted to Joint Venture
5.4 Joint Venture Meetings
5.5 Borrowing Money
5.6 Signatures on Checks
5.7 Salaries
5.8 Expenses
5.9 Accounting – Joint Venture’s Books
5.10 Fiscal Year
SECTION 6 TRANSFER OF JOINT VENTURE INTEREST AND JOINT VENTURE RIGHTS
6.1 Right of First Refusal
6.2 Transfer Purchase Price
6.3 Written Notice to Joint Venture
6.4 Written Notice to Joint Venturers
6.5 Acceptance by Two or More Joint Venturers
6.6 Transfer Purchase Price Payment
6.7 Transfer to Third Party
6.8 Continuity of Joint Venture After Transfer
SECTION 7 EXPULSION OF A JOINT VENTURER
7.1 Expulsion
SECTION 8 DEATH OF A JOINT VENTURER
8.1 Purchase Joint Venturer’s Interest Upon Death
8.2 Value of Deceased Joint Venturer’s Interest
8.3 Payment of Deceased Joint Venturer’s Interest
8.4 Continuity of Joint Venture After Death of Joint Venturer
SECTION 9 RETIREMENT OF JOINT VENTURER FROM JOINT VENTURE
9.1 Purchase Joint Venturer’s Interest Upon Retirement
9.2 Value of Joint Venturer’s Interest Upon Retirement
9.3 Payment of Joint Venturer’s Interest Upon Retirement
9.4 Continuity of Joint Venture After Retirement of Joint Venturer
SECTION 10 BANKRUPTCY OF A JOINT VENTURER
10.1 Purchase Joint Venturer’s Interest Upon Bankruptcy
10.2 Value of Joint Venturer’s Interest Upon Bankruptcy
10.3 Payment of Joint Venturer’s Interest Upon Bankruptcy
10.4 Continuity of Joint Venture After Bankruptcy of a Joint Venturer
SECTION 11 CONTINUITY OF JOINT VENTURE
11.1 Continuity
SECTION 12 DISSOLUTION OF JOINT VENTURE
12.1 Dissolution
SECTION 13 GENERAL PROVISIONS
13.1 Separate Business Activities
13.2 Notices
13.3 Damages
13.4 Representation And Warranty
13.5 Entire Agreement
13.6 Severability
13.7 Spouses
13.8 Force Majeure
13.9 Gender
13.10 Headings
13.11 Attached Exhibit(s)
13.12 Language
13.13 Interpretation of Agreement
13.14 Counterparts
13.15 Applicable Law
SIGNATURE PAGE
EXHIBIT A – CONSENT FORM
EXHIBIT B – SPOUSE(S) CONSENT FORM
Sample Example Templates
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