Joint Venture Agreement

$150.00

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If you don’t want to commit to a long-term relationship or partnership with another person or business entity, by jointly establishing a business or partnership, but both of you want to work together to complete a specific project or task, then you need to establish a joint venture by executing a joint venture agreement.

A joint venture agreement is a contractual obligation between two people or entities desiring to complete a certain task together. In establishing a joint venture, both parties remain completely independent of one another and their obligation to one another ends upon completion of the desired task or project. If this sounds like what you’re trying to do, this joint venture agreement can help you accomplish just that.

More about this template

This template was drafted by a licensed, experienced business law attorney and reviewed for correctness by a law professor. So trust us, you’re in good hands! This template is easy-to-read and ready-to-use. All you have to do is download and fill in the blanks. But, if you still need some guidance on how to complete the template, we have included drafting notes and comments in the document to help guide you as you navigate the template. 

Template Specs

  • Delivered in both MS Word and PDF Formats
  • Document is 7-pages in length
  • Compatible with both PC and Mac
  • Available for download on desktop and mobile
  • Comes with a “draft” version complete with drafting tips and notes
  • Easily customizable with your brand colors and logo
  • Ready for upload into any electronic signature platform
  • Can be used over and over again for other joint ventures

Template Highlights

This template includes:

  • Space for both parties to define their roles and responsibilities 
  • A clause that outlines how any profits received as a result of the joint venture will be split
  • A provision that outlines the financial contributions of each party
  • A clause providing instructions on how the joint venture can be terminated prior to completion of the venture
  • A clause stating that each party will retain ownership of any intellectual property created by the joint venture
  • Tips and guidance on how to establish the agreement between the parties
  • Some other legal stuff that makes this agreement super legit

Who Should Use This Template?

  • Any person or business entity desiring to form a joint venture with one or more parties

Not sure how to fill out a template? Here are some basic tips to help!

1. When contracting with another party, make sure you know the legal name of that person or entity. You want to make sure that you are binding the right person to the agreement. If you are contracting with a business, check your Secretary of State registry to ensure you have the full legal name and address of the business.

2. If you own a business, be sure to enter into all agreements as an officer or owner of your business and not as your individual self.

3.To appear SUPER professional, fill out the template in MS Word or another word processing platform BEFORE you present it to the other party. But, if you are running short on time and need to fill in your template in pen or pencil, it will still be binding.

4. Signing and filling contracts by hand is so 2005! Take the stress out of executing your agreements by using an electronic signature platform like DocuSign, HelloSign or AdobeSign to sign and disseminate your agreements.

5. This template includes many terms that must be agreed upon by both parties of the joint venture. Be sure to review/discuss the agreement with the other party prior to presenting it to them for signature. Both parties should understand and feel comfortable with its contents PRIOR to signing.

TEMPLATE TERMS AND CONDITIONS

Once you purchase this template, you will receive a link to complete a digital download of your templates. The item will be available for download only ONE time for the thirty (30) days immediately preceding your purchase. Once the thirty (30) days has passed, you will no longer be able to download the product from this site. You will also not be able to download the template from this site more than once. Accordingly, we highly encourage you to download your template and save it to your computer immediately, if you can. If you can’t then be sure to do so within the first thirty (30) days of purchase.

Formally does not offer refunds for products. Once a product has been purchased, You are deemed to have received the full benefit of the product. However, if you’re not satisfied, for any reason, please share your concerns with us via email at support@formallyforms.com and we will make best efforts to provide a reasonable solution.

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