Joint Venture Agreement Template

A Joint Venture Agreement is a formal contract signed by two or more businesses that agree to join their resources to work together on a specific project or task. This can be a project new to all collaborators or a business activity where joint efforts will be useful. A cooperative arrangement put in writing is a great idea for short-term and long-term projects whether you require a larger distribution network for your services or promote products to a new target audience. You can download a Joint Venture Agreement template below or make your own document with our online form builder.

There are numerous benefits to composing a Joint Venture Agreement:

1. Due to the collaboration with other businesses, you will be able to learn new things and gain more experience in your area of expertise.
2. Companies that entered a Joint Venture will have access to more resources, including funds, equipment, and staff members so that the end result of the collaboration is improved. This is especially important to smaller entities that partner with bigger brands.
3. If your project fails, you will not have to handle financial losses on your own. All parties will bear responsibility and share the risks and burden.
4. Since many Joint Ventures end in a sale from one company to the other, you may buy or sell the business to continue the project and either earn money or advance your business.
5. You can build a long-lasting professional relationship with other businesses and obtain a good reputation as a company that is willing to work with others for a common goal.

How to Write a Joint Venture Agreement?

Draft a Joint Venture Agreement template by adding the following details:

1. Identify the parties involved in the agreement. You can describe what each organization does for the project and how it generally operates. It is possible to include as many companies as you want.
2. Record the purpose of the Joint Venture - this is the most important part of the contract. There is no need to list every single detail of the upcoming project but you should specify the future collaboration and set a timeline for main phases and milestones.
3. Indicate who becomes the owner of the intellectual property developed jointly by the parties.
4. Outline day-to-day procedures and regulations all organizations must adhere to.
5. Specify money allocation and funds disbursement - from the very beginning, all parties must be on the same page and know who is in charge of funds and who pays third parties, including service providers and contractors.
6. Add the termination clause in case one of the parties or many of them choose to end the Joint Venture.
7. Include the non-disclosure clause to prevent parties from sharing confidential information they have learned during collaboration with outsiders.
8. Negotiate and add an insurance clause. For instance, a real estate Joint Venture Agreement requires proper insurance coverage for workers, builders, and real property.
9. Sign the document and obtain a notary seal to add an extra level of protection to your document.

Still looking for a specific template? Take a look at the related templates below:

• Notice of Withdrawal From Partnership;
• Partnership Agreement;
• Profit-Sharing Agreement.

Download Joint Venture Agreement Template

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