Free joint venture agreement download

The Parties recognize the uncertainty of the law with respect to certain provisions of this Agreement and expressly stipulate that this Agreement will be construed in a manner that renders its provisions valid and enforceable to the maximum extent possible under applicable law.

To the extent that any provisions of this Agreement are determined by a court of competent jurisdiction to be invalid or unenforceable, such provisions will be deleted from this Agreement or modified so as to make them enforceable and the validity and enforceability of the remainder of such provisions and of this Agreement will be unaffected.

All notices, requests, demands and other communications under this Agreement must be in writing and will be deemed duly given, unless otherwise expressly indicated to the contrary in this Agreement: i when personally delivered; ii upon receipt of a telephone facsimile transmission with a confirmed telephonic transmission answer back; iii three 3 days after having been deposited in the mail, certified or registered, return receipt requested, postage prepaid; or iv one 1 business day after having been dispatched by a nationally recognized overnight courier service, addressed to a Party or their permitted assigns at the address for such Party first written above.

Paragraph headings used in this Agreement are for reference only and shall not be used or relied upon in the interpretation of this Agreement. This Agreement contains the entire agreement and understanding between the Parties, superseding all prior contemporaneous communications, representations, agreements, and understandings, oral or written, between the Parties with respect to the subject matter hereof.

This Agreement may not be modified in any manner except by written amendment executed by each Party hereto. In Witness Whereof, the Parties have caused this Joint Venture Agreement to be duly executed and delivered as of the date first written above. FirstName] [Sender. LastName] [Sender. FirstName] [Client. LastName] [Client. Prepared for: [Client.

Contributions The Parties hereto shall each make an initial contribution to the Joint Venture as follows: 1. Distribution of profits Any and all net income accruing to the Joint Venture shall be distributed equally to the Parties. Non-exclusivity No exclusivity is formed by virtue of this Joint Venture Agreement and neither Party shall be obligated to make offers to the other related to any business. Said accounts shall be kept separate and apart from any other accounts of the Venturers.

Any Venturer may inspect such books upon reasonable notice and at any reasonable time. In so agreeing the parties expressly waive their right, if any, to a trial by jury of these claims and further agree that the award of the arbitrator shall be final and binding upon them as though rendered by a court of law and enforceable in any court having jurisdiction over the same.

This Joint Venture shall commence on the date first above written and shall continue in existence until terminated, liquidated, or dissolved by law or as hereinafter provided. An Affiliate of an entity is a person that, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control of such entity.

The capital contribution to the Joint Venture actually made by the parties, including property, cash and any additional capital contributions made. At such, any action taken shall constitute the act of, and serve to bind, the Joint Venture. Affiliates of the parties to this Agreement maybe engaged to perform services for the Joint Venture. The validity of any transaction, agreement or payment involving the Joint Venture and any Affiliates of the parties to this Agreement otherwise permitted by the terms of this Agreement shall not be affected by reason of the relationship between them and such Affiliates or the approval of said transactions, agreement or payment.

The parties to this Agreement and their respective Affiliates may have interests in businesses other than the Joint Venture business. The Joint Venture shall not have the right to the income or proceeds derived from such other business interests and, even if they are competitive with the Partnership business, such business interests shall not be deemed wrongful or improper.

The parties to this Agreement shall have no liability to the other for any loss suffered which arises out of any action or inaction if, in good faith, it is determined that such course of conduct was in the best interests of the Joint Venture and such course of conduct did not constitute negligence or misconduct. The parties to this Agreement shall each be indemnified by the other against losses, judgments, liabilities, expenses and amounts paid in settlement of any claims sustained by it in connection with the Joint Venture.

The Joint Venture shall be dissolved upon the happening of any of the following events: a The adjudication of bankruptcy, filing of a petition pursuant to a Chapter of the Federal Bankruptcy Act, withdrawal, removal or insolvency of either of the parties.

Customize your Joint Venture Agreement and print in minutes. Step-by-step guidance throughout the process, powered by Rocket Lawyer. To the best of their knowledge, Members claim their freedom to enter into these agreements and to meet all the conditions below.

Risks and responsibilities in this venture will be shared. Management of this venture will be shared between the members.