Partnerships and Joint Ventures

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 an Indian company and a foreign business entity with this template India Joint Venture Agreement with Foreign Company.

• Purpose of Agreement. A collaboration of this type allows more businesses to expand into markets they otherwise might not have access to.
• Registration of Company. The co-venturers will register a separate joint venture company to carry on the business of the joint venture.
• Management. The co-venturers will jointly own, operate and manage the joint venture company.
• Decision Making. The company's board of directors will make all major policy decisions. Each of the joint venturers will be represented on the board of directors, in proportion to their equity in the company.
• Confidentiality and Non-Competition. The parties mutually agree not to disclose any confidential information of the joint venture, and not to compete directly or indirectly with the company anywhere within India.

This Indian Joint Venture Agreement with Foreign Company template is a downloadable and fully editable MS Word document.

Set up a joint venture to purchase franchises with this template Joint Venture Agreement with Trustee for Franchise.

• The Agreement is between the co-venturers and a trustee who will hold title to the franchises as bare trustee on behalf of the joint venture. The Agreement covers such matters as:
  • the structure of the joint venture,
  • transfer of the franchises from the trustee to the joint venturers,
  • responsibility of the joint venture to pay the trustee's expenses,
  • management of the joint venture, including financial management,
  • capital requirements and advances from each of the joint venturers.
• This template is fully editable and is easy to customize to fit your needs.
• This is a generic legal document which is not specific to any country or region.

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.

Set up a limited partnership in Canada with this downloadable Limited Partnership Agreement template.

• The general partner will have unlimited liability for the debts and liabilities of the partnership.
• The liability of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.
• The general partner is responsible for managing the business of the partnership.
• The general partner will hold title to all assets and equipment acquired on behalf of the partnership.
• The partners will be entitled to share in the profits of the business.
• The remaining partners have a right of first refusal to purchase the interest of a withdrawing partner.
• This legal form template is available in MS Word format and is fully editable to meet your needs.
• Governed by Canadian laws.

Set up a USA limited partnership between a general partner and several limited partners with this Limited Partnership Agreement template.

• The General Partner will not be required to contribute any cash to the capital of the Partnership. The Limited Partners must each purchase a minimum number of units.
• The limited partners are not liable for the debts or liabilities of the Partnership and are not required to make additional capital contributions.
• The liability exposure of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.
• The General Partner has full authority in the management of the Partnership.
• The agreement includes provisions for withdrawal of the General Partner and assignment of a partnership interest. The Partnership has a right of first refusal to purchase the withdrawing partner's units.
• This template is provided in MS Word format and is easy to download and customize.
• Governed by U.S. laws and intended to be used only within the United States.

Set up a joint venture in Manitoba with this fully editable Joint Venture Agreement template.

• The co-venturer who manages the business of the joint venture will be paid a management fee.
• Any transfer of a co-venturer's interest in the joint venture requires the consent of the other co-venturers.
• If a co-venturer dies, their interest will automatically pass to their spouse or children.
• Each co-venturer has a right of first refusal and piggyback rights on the interest of the other parties, in the event of a sale or transfer.
• Any co-venturer may exercise a shot-gun (buy-sell) provision to force the sale of another venturer's interest.

To get access to the Manitoba Joint Venture Agreement, add it to your cart and check out. You can then immediately download the form.

Create a joint venture in New Brunswick with this fully editable Joint Venture Agreement template.

• One of the co-venturers will manage the joint venture, and will be paid a management fee.
• No co-venturer may transfer their interest without the consent of the other parties, except if he/she dies, upon which their interest will automatically pass to their spouse or children.
• Each co-venturer has a right of first refusal and piggyback rights on the interest of the other parties, in the event of a sale or transfer.
• Any co-venturer may exercise a shot-gun (buy-sell) provision with respect to the interest of another co-venturer.

This New Brunswick Joint Venture Agreement is available as a downloadable Microsoft Word file.