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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.

$11.99

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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.

$34.99

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