Use this template to prepare a Joint Venture Agreement between two parties located in Canada, who wish to establish the venture to conduct offshore training courses on a 50%-50% basis. Provisions of the agreement include:

• One of the parties (Party 1) will provide instructors and course materials, the other party (Party 2) will develop a training and planning guide and a marketing strategy, and obtain and provide classroom facilities.
  
• Each party is responsible for its own costs.
  
• Both parties rank equally in priority with respect to distribution of profits.
  
• Party 1 will be reimbursed by Party 2 for all costs associated with the same, including airfare and hotel charges for instructors.
  
• Party 2 will be entitled to compensation for administrative expenses, over and above the actual cost.
  
• The powers of the parties are to be exercised jointly.

This is a Canadian legal agreement in MS Word format.