Picture of Ontario Joint Venture Agreement Picture of Ontario Joint Venture Agreement

Ontario Joint Venture Agreement

Establish a joint venture in Ontario with this template Joint Venture Agreement.

  • One of the co-venturers will be responsible for management of the joint venture, and will be paid a management fee for providing such services.
  • No co-venturer may transfer their interest without the consent of the other venturers, except if he/she dies, when 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 legal form is available as a downloadable Microsoft Word file which is fully editable to meet your needs.
  • Intended for use in the Province of Ontario, Canada.
Document Type: Microsoft Word
Last Updated: 05-January-2025
SKU: 3302
$29.99
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Set up a joint venture to rent equipment with this downloadable Equipment Rental Joint Venture Agreement for Canada.

  • 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.
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  • Provisions for winding up the joint venture.
  • This legal agreement template is available as a fully editable MS Word document.
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Negotiate the terms to set up a joint venture for a manufacturing facility in this Letter of Intent template.

  • Parties. The parties in the joint venture are (i) the developer of certain products and technology, and (ii) a manufacturer with an existing plant which will be redeveloped and retrofitted to produce the products in exchange for a royalty on each sale.
  • Management. The joint venturers plan to organize a limited liability company (LLC) to oversee and manage the operations, and the LLC will be managed by the plant owner.
  • Technology and Resources. The developer will license technology and intellectual property to the LLC, and will provide plant employees. Technological, process and design improvements will be owned by the LLC for its duration.
  • Confidentiality. The parties agree to keep all information confidential, and to continue to negotiate in good faith until either a definitive agreement is executed or the letter of intent expires.
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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.
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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.

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