Joint Venture Agreement

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A joint venture agreement is also known as co-venture agreement.The Joint venture agreement used when two  or more  business entities or individuals enter into a temporary business relationship for the purpose of achieving mutual goal.In joint venture agreement sets out the terms and obligations of the members and joint venture.

Types of joint ventures

Contractual: A contractual joint venture is when two or more parties agree to collaborate on project and they will work together and the members or parties to continue operate a separate business but no pooling of profits and losses.Each party bear their own expenses and profits and there is no need to registration. 

General Partnership : In this type of joint venture the parties agrees to share profits and losses from the project and each party jointly and severally liable for obligations of the partnership agreement. 

Clauses in joint Agreement

  • Joint venture name
  • Venture address
  • Purpose
  • Location
  • Start and end date of the venture
  • Capital and contributions
  • Members duties and obligations
  • Confidentiality 
  • Dissolution
  • Profit ratio
  • Dispute resolution

Benefits of joint venture

  • More financial resources
  • More technical resources
  • New market access
  • Greater Expertise
  • Greater skills

How it works ?

  • Fill the form
  • Payment
  • Our legal experts contact you
  • Drafts your agreement
  • Revise any changes ( only two revisions )
  • Approve and get it

Why legal Zone ? 

  • Experienced lawyers
  • Quick response
  • Affordable price
  • Dedicated service

Frequently asked questions

What is the difference between partnership and joint venture ?
A joint venture is time bound limited project once the project is completed the joint venture ends but the Partnership is governed by partnership agreement it continues as long as partners wish.


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