Partnerships and Joint Ventures

Establish the terms of a partnership in India with this ready-made Partnership Deed template.

• Management. One of the partners will be the managing partner and will conduct the partnership's affairs.
• Capital Contributions. The partners will contribute additional funds to their respective capital accounts as required by the partnership business.
• Interest. Interest will be paid on the capital and/or loan accounts of the partners. If a partner's capital account has a debit balance, the partner will pay interest to the partnership at an agreed rate.
• Profits and Losses. Net profits will be distributed among the partners in proportion to their capital contributions. Losses will be allocated on the same basis.
• Personal Debts. Each partner agrees to pay his separate debts and to indemnify the other partner(s) and the assets of the partnership against such debts.
• Death or Retirement. No goodwill will be payable on the death or retirement of a partner.
• Dispute Resolution. The parties agree to binding arbitration in the event of a dispute.

Dissolve a partnership in India with this fully editable Partnership Dissolution Deed form.

• The partners warrant to each other that they have not collected any money or discharged any claim or debt due to the partnership.
• The partners warrant that they have not incurred any obligation which will affect the partnership, other than those already recorded on the books.
• Each partner releases the other partners from any claims or proceedings in respect of partnership business.
• Each party shall pay his respective liabilities and taxes, and will indemnify the other partners in respect thereof.
• This is a fully editable legal form which can be easily customised to fit your specific circumstances.

Facilitate the exit of a retiring partner and deal with their partnership interest with this Deed of Retirement for an Indian partnership.

• The retiring partner relinquishes all right and interest in and to the partnership business and assets, and will not share in the profits of the business after the date of retirement.
• The retiring partner will have no liability for partnership debts, taxes or other amounts relating to the business after the date of retirement.

Release and transfer a retiring partner's interest in an Indian partnership to a remaining partner with this Property Release Deed by Partner.

Set up an international joint venture between two or more parties with this International Joint Venture Agreement template.

• Contributions of Parties. Each of the joint venturers will contribute certain assets to the joint venture, such as tangible property, intellectual property, services and expertise.
• Management. The day-to-day operations will be managed either jointly or by one of the co-venturers as manager. Executive decisions and changes to the structure or objectives of the joint venture will be made jointly by the parties.
• Liability of Co-Venturers. Each co-venturer is liable to the joint venture for any delays or restrictions in the use of its contributed assets due to third party claims, defects or other problems.
• Dispute Resolution. Provisions for dispute resolution, including the appointment of an arbitration tribunal.

This International Joint Venture Agreement template is fully customizable to fit your business needs.

Set up an international joint venture to be managed by a committee with this template International Joint Venture Agreement.

• Contributions of Parties. Each of the co-venturers will contribute certain assets to the joint venture, such as tangible property, intellectual property, services and expertise.
• Management. The day-to-day operations will be managed by a management committee, made up of representatives of the parties.
• Fundamental Changes. Executive decisions and fundamental changes to the structure or objectives of the joint venture will be made by all the parties.
• Liability of Co-Venturers. Each party is liable to the joint venture for any delays or restrictions in the use of its contributed assets due to third party claims, defects or other problems.
• Exit Provisions. Provisions for departure or removal of a party.
• Disputes. Provisions for dispute resolution, including the appointment of an arbitration tribunal.

Use this template contract to write a Joint Product Development Agreement between a client and a developer to develop prototype products for manufacture and distribution.

• The client will supply the necessary equipment, and the developer will obtain all regulatory approvals required for manufacturing, selling, licensing and leasing the products.
• The developer owns the background technology.
• All products, documentation, inventions and developments created under the agreement belong jointly to both parties.
• Either party may propose changes to the specifications, but no changes will be implemented unless agreed in writing by both parties.
• The developer indemnifies the client against claims and losses.
• The customer may terminate the agreement at any time, and the developer will have no claim for damages, losses, compensation or otherwise, except to the extent expressly provided in the Agreement.
• This is a downloadable, fully editable legal contract template in MS Word format.

Set up a joint venture to conduct training courses with this template Joint Venture Agreement for Developing Training Courses.

• 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 traveling expenses and accommodation for instructors.
• Party 2 will be entitled to compensation for administrative expenses, over and above the actual cost.
• This legal contract template is downloadable and fully editable to fit your business needs.

Establish a joint venture to purchase and maintain a rental revenue property with this template Joint Venture Agreement for Rental Property.

• The business of the joint venture is limited to the acquisition, development, rental and management of the properties.
• One of the joint venturers will hold title to the land as a bare trustee on behalf of all of the parties.
• The agreement does not create a partnership between the parties.
• Each joint venturer is entitled to receive revenues and will pay for the joint venture's expenditures in proportion to that party's respective interest.
• Each party indemnifies the other parties against third party claims.
• Funds required by the joint venture will be advanced equally by each of the joint venturers. If any party defaults in contributing funds, they will not be entitled to receive revenues until they have made their contribution.
• Buying rental property with family or friends can involve financial and legal risks. Protect all parties by signing this Joint Venture Agreement.

Set up a joint venture to develop and market products in Canada with this template Joint Venture Agreement.

• The joint venture is formed between a party who owns proprietary rights in the products and one or more other parties who will raise the capital for developing, marketing and distributing the products through the sale of shares of stock.
• One of the joint venturers will manage the business of the joint venture and act as trustee and agent on behalf of all of the joint venturers.
• The owner of the products will provide consulting services as required, and will be paid a consulting fee.
• Available in MS Word format, fully editable.
• Governed by Canadian laws.