Resources that feature sample joint venture agreements include Biztree, Public Legal Forms and Rocket Lawyer. These resources offer joint venture agreement templates that include legal language and spaces for users to enter personal details. A joint venture agreement form provides room at the top to name the two parties entering into the agreement. The remainder of the form is used for stipulating specific terms of the agreement.Continue Reading
The joint venture agreement usually includes language that provides a reason for the partnership to exist, and assurance that both partners understand their participating interests. Some joint ventures use unique business names, and the names appear in the contracts. Agreement terms can appear under categories such as purpose, contributions, capital and compensation of agent. Agreements can also include language about termination of the contract, arbitration and attorney fees.
Both parties to a joint venture agreement should go over all aspects of the contract terms to ensure each party understands goals, finances involved and how much effort each side is expected to contribute. Projects that are small is scope don't need formal structures, but larger projects may require forming new business entities. Companies involved in a joint venture agreement should set up a governing protocol to keep things operating smoothly on both sides. The protocols should be in writing so each company understands decision-making procedures.Learn more about Corporations