Partnerships and Joint Ventures

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.

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.

Create 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.

This UK Joint Venture Agreement is in MS Word format and is fully editable.

Set up a joint venture between two or more companies in the United States with this Joint Venture Agreement template.

• The Agreement does not set up a partnership between the parties.
• The template contains provisions for management by a managing co-venturer, or joint management by all the parties.
• The co-venturers may have interests in other businesses outside of the joint venture. The template includes an optional non-competition provision.
• The co-venturers indemnify each other against liability.
• This template is a downloadable and customizable MS Word template.
• Intended for use only in the United States.

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.

Prepare a Joint Venture Agreement for a venture being set up to purchase a mortgage using this digital template for the USA.

• The parties are jointly purchasing a promissory note secured by a mortgage or deed of trust.
• Each party shall contribute a specified amount of capital, and make additional contributions as required.
• Each party is entitled to revenues in proportion to their respective interests.
• Decisions require the approval of all venturers.
• The joint venture will not maintain a bank account in its own name, but will use a mortgage servicing company to collect payments and make distributions.
• The parties appoint an attorney in fact to effect the purchase of a suitable mortgage.
• Available in MS Word format.
• Intended to be used only in the United States.

Set up a joint venture between a land developer and a land owner to develop a property with this Joint Venture and Land Development Agreement for Canada.

• The Agreement dictates how the parties will develop, construct and market a major project on the subject property.
• The parties will incorporate a new corporation to hold the land as bare trustee on behalf of the joint venture.
• The trustee corporation will be managed by the land developer.
• The parties are not partners, agents or legal representatives of each other.
• The parties agree not to resort to any action to partition the property.
• All listing and sale prices will be mutually determined by both parties.
• Each party has a right of first refusal to purchase the other party's interest.
• A joint venture to develop land is a major undertaking and the underlying agreement needs to address all of the salient issues.
• Available in MS Word format.
• Intended to be used only for land development in Canada.

This Letter of Intent summaries negotiations between participants in an offshore joint venture who plan to set up a foreign corporation in the target country.

• The new foreign corporation will be formed solely for the purpose of the joint venture business.
• Each of the joint venturers will hold shares in the new corporation.
• Each of the co-venturers will contribute certain assets and take on responsibilities, such as arranging financing for the joint venture.
• The parties will bear their own respective expenses.
• If a binding formal agreement is not signed by the drop-dead date, the parties can terminate the negotiations without liability.
• Available in MS Word format. Customizable and reusable.
• This is a generic letter of intent template that can be used in many jurisdictions.

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.