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Document Id : 7668
File Type : Microsoft Word
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UK Joint Venture Agreement
Set up a joint venture between UK companies with this Joint Venture Agreement template for the United Kingdom.
- The Agreement does not set up a partnership between the parties.
- The profits and losses of the joint venturers will be allocated among the venturers in proportion to their respective capital contributions.
- One of the joint venturers will manage the business and will be paid a fee for his/her services, and be reimbursed for all reasonable expenses incurred.
- Each of the venturers will use all reasonable endeavours to promote the business of the joint venture.
- Each of the venturers is responsible for keeping confidential any information of a proprietary nature with respect to the joint venture or the other venturers.
- Intellectual property contributed for the benefit of the joint venture remains the property of the contributing party.
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