"Joint Venture Agreement Template"

What Is a Joint Venture Agreement?

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.
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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:

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Joint Venture Agreement
This ​ J oint Venture Agreement ​ ( hereinafter referred to as the “Agreement”) is entered
into as of _______________, by and between the following:
____________________, a ____________________ corporation with its principal
Name
State
place of business at __________________________________________________
(hereinafter referred to as the “Entity One”), and
____________________, a ____________________ corporation with its principal
Name
State
place of business at __________________________________________________
(hereinafter referred to as the “Entity Two”).
Entity One and Entity Two are collectively referred to as the “Parties,” both of whom
agree to be bound by this Agreement.
NOW, THEREFORE, in consideration of the covenants and agreements set forth
in this Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Entity One and Entity Two hereby
agree as follows:
1. Purpose. ​ T he purpose of the Joint Venture shall be the following:
________________________________________________________________________
2. Name. To this purpose, Entity One and Entity Two do hereby set forth in this
Agreement the terms and conditions of their Joint Venture to be known as the
____________________ Joint Venture (hereinafter referred to as the “Joint Venture”).
3. Managing Venturer. ​ _ ___________________ is the Managing Venturer of the Joint
Venture.
4. Contributions. ​ T he Parties hereto shall each make an initial contribution to the Joint
Venture as follows:
Contribution of Entity One -​
_ __________________________________________
Contribution of Entity Two -​
_ __________________________________________
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T EMPLATEROLLER.COM
Joint Venture Agreement
This ​ J oint Venture Agreement ​ ( hereinafter referred to as the “Agreement”) is entered
into as of _______________, by and between the following:
____________________, a ____________________ corporation with its principal
Name
State
place of business at __________________________________________________
(hereinafter referred to as the “Entity One”), and
____________________, a ____________________ corporation with its principal
Name
State
place of business at __________________________________________________
(hereinafter referred to as the “Entity Two”).
Entity One and Entity Two are collectively referred to as the “Parties,” both of whom
agree to be bound by this Agreement.
NOW, THEREFORE, in consideration of the covenants and agreements set forth
in this Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Entity One and Entity Two hereby
agree as follows:
1. Purpose. ​ T he purpose of the Joint Venture shall be the following:
________________________________________________________________________
2. Name. To this purpose, Entity One and Entity Two do hereby set forth in this
Agreement the terms and conditions of their Joint Venture to be known as the
____________________ Joint Venture (hereinafter referred to as the “Joint Venture”).
3. Managing Venturer. ​ _ ___________________ is the Managing Venturer of the Joint
Venture.
4. Contributions. ​ T he Parties hereto shall each make an initial contribution to the Joint
Venture as follows:
Contribution of Entity One -​
_ __________________________________________
Contribution of Entity Two -​
_ __________________________________________
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T EMPLATEROLLER.COM
5. Percentage Ownership. Each Venturer’s respective interest in the Joint Venture
(hereinafter referred to as the “Percentage Ownership Interest”) is indicated below:
Entity One - _________%
Entity Two - _________%
6. Distributive Share. The net operating income and net operating loss of the Joint
Venture shall be allocated and shared between and shared by the Joint Venture Parties in
proportion to their performance of work.
7. Bank Account. The operating account (hereinafter referred to as the “Operating
Account”) for this Joint Venture shall be set up at ____________________. The
Operating Account shall be established in the name of the Joint Venture.
8. Resources. ​ M ajor equipment, facilities, and all other resources will be furnished as
detailed below:
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
9. Distribution of Profits. ​ A ny and all net income accruing to the Joint Venture shall be
distributed equally to the Parties.
10. Responsibilities of the Parties. The Parties will each have the following
responsibilities under the Joint Venture:
Responsibilities of Entity One: _________________________________________
__________________________________________________________________
__________________________________________________________________
Responsibilities of Entity Two:​
_ ________________________________________
__________________________________________________________________
__________________________________________________________________
11. Non-Exclusivity. ​ N o exclusivity is formed by virtue of this Joint Venture Agreement
and neither Party shall be obligated to make offers to the other related to any business.
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12. Term. This Agreement shall commence on the date first written above and remain in
full force and effect for an initial period of _________ years (hereinafter referred to as
the “Initial Term”). At the end of the Initial Term, this Agreement will automatically
renew in one year increments (each referred to as the “Renewal Term”), unless and until
this Agreement is terminated in accordance with Section 13 hereinafter.
13. Termination. Either Party shall have the right to terminate this Agreement, effective
as of the end of the Initial Term or any Renewal Term, by providing the other with
written notice of termination at least _________ days prior to the end of such Initial Term
or Renewal Term.
Neither Party shall have the right to terminate this Agreement at any other time, unless
such termination is mutually agreed to by the Parties hereto. The Joint Venture shall
terminate upon termination of this Agreement.
14. Confidential Information. ​ T he Non-Disclosure Agreement entered into by the
Parties as of ____________________ (hereinafter referred to as the “NDA”) is applicable
to the Joint Venture and shall apply in full force and effect to any and all Confidential
Information (as defined in the NDA) exchanged or otherwise accessed by a Party under
this Agreement.
15. Further Actions. ​ T he Parties shall execute any documents and take all appropriate
actions as may be necessary to give effect to the Joint Venture.
16. Governing Law. ​ T he Parties agree that this Agreement shall be additionally
governed by the laws of ____________________.
State
The Parties agree to the terms and conditions set forth above as demonstrated by their
signatures as follows:
_________________________________
_________________________________
Name of Representative of Entity One
Name of Representative of Entity Two
_________________________________
_________________________________
Signature of Representative of Entity One
Signature of Representative of Entity Two
_________________________________
_________________________________
Date
Date
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