Joint venture agreement template philippinesJoint Venture Agreement • March 10th, 2021
Contract Type FiledMarch 10th, 2021Joint Venture Agreement This Joint Undertaking Agreement (Agreement) concluded and concluded as of this by and between ARTICLE I GENERAL PROVISIONS 1.01 Business objective. The joint venture's activity is as follows: (Describe Business Purpose) 1.02 Term of the contract. That joint venture shall begin on the date specified in the first written document referred to above and shall continue to exist until its termination, liquidation or termination by law or below, where provided. ARTICLE II GENERAL DEFINITIONS The following include the general definitions of the terms used in this Agreement: 2.01 Affiliate. An entity partner is a person who, directly or indirectly through one or more intermediaries, controls, or is under the common control of such an entity. 2.02 Capital contributions. Capital contributions to the Joint Undertaking actually made by the parties, including ownership, cash and any additional capital contributions made. 2.03 Gains and losses. Any income or loss of the Partn