In the event that the Joint Venture requires additional funds to be contributed to it by the Parties, such additional contributions shall be made in the following proportion: . 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. Exercise Extreme Caution when using many of our free forms - or any legal material. While they may provide general ideas on format & content, validity requirements can and do vary greatly from state to state.