Equipment Rental Joint Venture Agreement | Canada

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The joint venture will purchase equipment which will be rented to customers.
One of the parties will act as the manager of the joint venture's business.
The managing co-venturer is accountable to the other co-venturers for the management of the joint venture.
The remaining co-venturers have a right of first refusal to purchase the interest of a departing co-venturer.
Provisions for remedies upon the default of any co-venturer.
Provisions for winding up the joint venture.
This legal agreement template is available as a fully editable MS Word document.
Intended for use only in Canada.

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Microsoft Word

Last Updated: 14-September-2021

SKU: 953

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British Columbia Joint Venture Agreement

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One of the joint venturers will be responsible for management of the joint venture, and will be paid a management fee for providing such services.
No joint venturer may transfer its interest without the consent of the other joint venturers, except in the death of a joint venturer, when his/her interest will automatically pass to their spouse or children.
Each joint 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 joint venturer may exercise a shot-gun (buy-sell) provision with respect to the interest of another joint venturer.

This British Columbia Joint Venture Agreement is available as a downloadable Microsoft Word file which is fully editable to meet your needs.