Joint Venture Agreement Style 28

This Joint Venture Agreement (the “Agreement) is made as of by and between, a (the “First Party”), and, a (the “Second Party,” and collectively, the “Parties”). If you are considering a joint venture with another company, it is always a good idea to talk to a lawyer as part of your process. Sale option to satisfy deadlockIf a member cannot come to an agreement during the term of the contract and reach deadlock, a sales option is included in the contract. This agreement basically states that the other member can choose to buy the other's portion of the venture. If you employ people, you'll have responsibilities, such as employee payroll tax and PAYG (including reporting and paying tax on fringe benefits) and superannuation payments for any eligible employees. Protection from debts and liabilitiesThis part of the agreement states that each joint venturer is responsible for their own debt and obligations. If one member takes on debt or hires a service to fulfill their part of the agreement, and they don't pay their obligations, the other members cannot be held responsible for that debt. Joint Venture Agreements are a powerful business tool often used by large and small companies. These agreements help minimize risk and share costs, and they are usually designed to protect each party's proprietary information.

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Joint Venture Agreement Style 28

A Joint Venture (JV) is a cooperative enterprises entered into by two or more business entities for the purpose of a specific project or other business activity. The venture can be a business JV (for example, Dow Corning), a project/asset JV intended to pursue one specific project only, or a JV aimed at defining standards or serving as an “industry utility” that provides a narrow set of services to industry participants. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are “co-venturers”. The venture can be a business JV (for example, Dow Corning), a project/asset JV intended to pursue one specific project only, or a JV aimed at defining standards or serving as an “industry utility” that provides a narrow set of services to industry participants.

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Business Formation
Business Management
Business Operations
Business Property
Client and Customer
Construction
Employment
Event
Event & Project Management
Financial
Financial Management
Finder's Fee Agreement
Human Resources
Inventory
IT Project Management
Manufacturing
Personal & Family
Personal Lists, Tracker & Calculator
Real Estate
Website & Services
Will & Estate Planning
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Excel
Word

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