Joint Venture Agreement

A Joint Venture Agreement is a legally binding agreement between various parties (they can be individuals or business entities), where the parties agree to undertake a specific business project and work together for a specified period of time to achieve this in order to make a profit.

A Joint Venture Agreement is a legally binding agreement between various parties (they can be individuals or business entities), which governs the terms and conditions under which the Joint Venture is to operate. In terms of this agreement, the parties agree to undertake a specific business project and work together for a specified period of time to achieve this in order to make a profit. This agreement is a comprehensive agreement which serves to regulate the working relationship between the parties. It contains the essential clauses necessary to ensure that all parties’ interests are protected.

This agreement is drafted specifically for those cases where the parties remain separate and independent whilst working together on a common project. It should not be used in cases where a separate business entity has been created for the Joint Venture.

This agreement contains the following clauses:

1. Definitions
2. Interpretation
3. Purpose of Joint Venture
4. Duration
5. Contributions and Interests
6. Management
7. Duties and Obligations
8. Books and Records
9. Sub-Contracting and Cession
10. Confidentiality
11. Utmost Good Faith
12. Breach
13. Force Majeure
14. No Partnership
15. Notices
16. Arbitration
17. Governing Law and Jurisdiction
18. Counterparts
19. Signatories