Joint Venture Agreement

Joint Venture Agreement

This Joint Venture Agreement ("Agreement") is entered into on [Date], by and between:

Party A: [Full Name / Company Name]
Address: [Address]

and

Party B: [Full Name / Company Name]
Address: [Address]

Collectively referred to as the "Parties."

1. Formation and Purpose

The Parties hereby form a joint venture (the "Joint Venture") to engage in the following business activity:
[Brief description of the project, venture, or purpose].

The name of the Joint Venture shall be [Joint Venture Name], and its principal office shall be located at [Address].

2. Contributions

Each Party shall contribute the following resources:

• Party A: [e.g., $ amount, equipment, services, IP, etc.]

• Party B: [e.g., $ amount, facilities, staff, etc.]

3. Ownership and Profit Sharing

Ownership of the Joint Venture and all profits, losses, and liabilities shall be shared as follows:

• Party A: [XX]%

• Party B: [XX]%

4. Management and Decision-Making

4.1 The Joint Venture shall be managed by a Management Committee composed of one representative from each Party.
4.2 All major decisions require unanimous approval unless otherwise agreed in writing.

5. Duties and Obligations

Each Party agrees to:

• Act in good faith and in the best interest of the Joint Venture

• Perform their designated roles and responsibilities

• Refrain from engaging in conflicting business activities

6. Bank Account and Finances

A separate bank account shall be established for the Joint Venture. All revenues and expenses related to the Joint Venture shall flow through this account.

7. Intellectual Property

All intellectual property created specifically for the Joint Venture shall be jointly owned unless otherwise agreed.

8. Confidentiality

Each Party agrees to maintain the confidentiality of all non-public business information related to the Joint Venture.

9. Term and Termination

This Agreement shall remain in effect until:

• Completion of the Joint Venture's purpose

• Mutual written agreement to terminate

• Material breach by either Party

Upon termination, any remaining assets and liabilities will be distributed according to the ownership percentages.

10. Governing Law

This Agreement shall be governed by the laws of the State of [State].

11. Dispute Resolution

Any disputes shall first be subject to mediation, and if unresolved, to binding arbitration in accordance with the rules of [Arbitration Body].

12. Entire Agreement

This Agreement constitutes the entire understanding between the Parties and supersedes any prior agreements.

IN WITNESS WHEREOF, the Parties have executed this Joint Venture Agreement as of the date first written above.

Party A Signature
Name:
Title:

Party B Signature
Name:
Title: