Joint Venture Agreement
Legal framework for two or more parties to collaborate on specific business ventures, defining contributions, profit sharing, management roles, and liability allocation while maintaining separate legal entities.
Key Clauses
Recitals Whereas
Defines recitals whereas terms and conditions.
Formation And Name
Defines the joint venture's legal structure, operating name, and registration requirements in relevant jurisdictions.
Purpose
Clearly states the specific business objectives, goals, and scope of activities the joint venture will pursue.
Contributions
Details each party's financial, operational, intellectual property, and resource commitments to the venture.
Ownership And Profits
Specifies ownership percentages and how profits, losses, and distributions will be allocated among partners.
Management And Decision Making
Establishes governance structure, voting rights, and decision-making processes for operational and strategic matters.
Use This Template
When You Need This
- Two companies collaborating on a specific project or market entry
- Sharing development costs and risks for new technology or products
- Accessing international markets through local partner expertise
- Combining complementary resources or capabilities for competitive advantage