Joint Venture Agreement

Further Information

A Joint Venture Agreement can be used where two or more existing businesses agree to co-operate and combine their resources with a view to profit.

This Joint Venture Agreement is suitable for the simplest form of Joint Venture (compared to a legal partnership or a corporate Joint Venture) which does not involve any structural changes and the parties retain their own independence and base their co-operation entirely upon contract. Each participant is liable on its own share of profit and gets the direct benefit of any tax reliefs. The main advantages of this simple form of Joint Venture are independence, cheapness and simplicity.

This Agreement is suitable where two or more businesses wish to come together for a specific project for a specific length of time but do not wish to be bound together indefinitely.

Sample

You can view a sample online of a completed Joint Venture Agreement by following this link: View Sample

Features

This Joint Venture Agreement is suitable for use in the UK: England, Scotland and Wales. It includes the following clauses:

• details of the parties
• purpose of the joint venture
• term
• contribution of parties
• accounts
• roles
• management
• promotion
• confidentiality
• bribery and corruption
• intellectual property rights
• termination
• notices
• arbitration.

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