Common Contracts
1 similar Joint Venture Agreement contracts
Joint venture agreementJoint Venture Agreement • July 7th, 2021
A Joint Venture Agreement is a contract between two or more individuals or businesses who would like to undertake a new discrete project, start a new service, or do some other type of specific work together in order to make a profit. A Joint Venture Agreement is more limited than a Partnership Agreement, in that the parties are only working together for one specific activity. In a Joint Venture Agreement, the parties come together to define the scope of the joint venture and their respective obligations so that everyone is on the same page before the new project, service, or other venture can begin. The Joint Venture Agreement describes the purpose of the joint venture and sets up everything the parties' need in order to start their business together. Ownership allocations, including profit and loss, are one of the critical points of a Joint Venture Agreement, as is the termination clause. The document is a critical foundational document for starting a joint venture with another indivi
