Joint Venture Agreement Style 3

A Joint Venture Agreement is a contract between two or more individuals or businesses who would like to undertake a new discrete project, start a new service, or do some other type of specific work together in order to make a profit. A Joint Venture Agreement is more limited than a Partnership Agreement, in that the parties are only working together for one specific activity. The best Joint Ventures benefit every business entity involved. The benefit may be revenue, brand exposure, access to resources, strategic expertise, manufacturing experience, and more. Protection of proprietary informationWhile working together, you'll be privy to each other's proprietary business information including intellectual property, technology, and technology improvements. For this reason, the Joint Venture document includes a confidentiality agreement to protect business information. 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. The issue of the appropriate valuation of in kind contribution can often be a major stumbling block in joint venture negotiations.

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Joint Venture Agreement Style 3

A joint venture agreement is an agreement between two or more individuals or companies usually entered into with a specific goal in mind. Each party who enters into a joint venture agreement will want to maintain their separate business/entity and will enter into the business arrangement with a strategic goal in mind. 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
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Client and Customer
Construction
Employment
Event
Event & Project Management
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Financial Management
Finder's Fee Agreement
Human Resources
Inventory
IT Project Management
Manufacturing
Personal & Family
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Real Estate
Website & Services
Will & Estate Planning
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