Sample joint venture agreement between two companies. A joint venture agreement is a contract between two or more business entities with the purpose of achieving a specific goal. Our templates are suitable for all states and include a confidentiality agreement. 11 sample joint venture agreements a joint venture agreement is established when two or more companies want to start working together for a common goal and it states all the legal rights of each of the companies that are working together to assure no legal issues in the long run. A joint venture agreement establishes a joint venture between two or more companies.
Our joint venture contract includes the provisions necessary to help you form a successful venture. Instead of creating a formal partnership or new legal entity a contractual joint venture jv allows the parties to continue filing their tax returns yet reap the financial benefits of sharing resources and risks. A joint venture agreement template is basically an agreement between two companies to come up with a new business identity that both would benefit from. The agreement may establish a business purpose governance structure and operational rules for the joint venture the agreement should also set forth the terms and conditions under which the joint venture may be terminated as well as the choice of law and venue for resolving any disputes.
This joint venture agreement the agreement or this joint venture agreement is made and entered into as of this date by and between party 1 hereinafter shortened name of party 1 a state corporation with a registered office located at address and party 2 hereinafter shortened name of party 2 a state corporation with a registered office located at address. If the joint venture is a corporation for example and two businesses have equal shares in the business they structure the company so each partner entity has an equal number of shares of company stock and equal management and board of directors members. The main people involved in this type of joint venture become shareholders of the new company and it then serves to conduct the business of the joint venture. Marketing joint venture this type is formed when two parties come together with an agreement for the purpose of selling their products or services.