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    Letter of Intent to Form Joint Venture


    Set out the terms on which a joint venture enterprise will be established in this generic Letter of Intent to Form Joint Venture.

    • The Letter of Intent summarizes the discussions between the parties with respect to the general structure of the venture corporation and the rights and obligations of the co-venturers.
    • The co-venturers will incorporate a new company solely to carry on the business of the joint venture.
    • The company will be managed by a board of directors consisting of nominees of each of the co-venturers.
    • Shareholder equity in the venture corporation will be apportioned on the same ratio as the investment made by each of the co-venturers in the joint venture.
    • The letter of intent itself is not legally binding, but rather it is a means of ensuring that both parties have the same understanding of the provisions before executing a formal, final and legally binding agreement.
    • This is a generic template which is not country specific and can be used anywhere.
    • Available in MS Word format.
    Download Type: Microsoft Word
    Last Updated: 25-October-2022
    SKU: 5362