Joint Venture Agreement | UK

Set up a strategic partnership to develop and market software apps in the UK with this comprehensive Software Development Partnership Agreement.

• The Agreement is between two parties who will work together to develop, implement, market and provide ongoing support for the software.
• One of the partners will have primary responsibility for software development, and the other will have primary responsibility for marketing and selling the final product. Both partners will be required to expend sufficient time and effort in all areas.
• Each partner will have equal rights in managing the business, but neither partner has the authority to act on behalf of the other partner.
• Revenues will be deposited into an operating account from which partnership expenses will be paid. Profits from sales of the software will be distributed to the partners at regular intervals.
• Each partner is responsible for paying their own taxes and remittances.
• Contains alternative clauses for joint ownership and individual ownership of intellectual property.
• Also contains confidentiality and non-competition provisions.
• This legal contract is governed by English laws.
• The template is provided in MS Word format and can be easily modified to fit your unique circumstances.

Set up a partnership in the United Kingdom with this customisable Partnership Agreement template.

• New partners may only be admitted with the unanimous approval of the founding partners.
• If cash flow is insufficient to meet the business' needs, the partnership can call upon the partners to purchase additional units to provide the required additional cash.
• Operating profits and losses and taxable operating profits and losses will be allocated to the partners pursuant to the Partnership Act.
• Capital profits and losses and taxable capital profits and losses will be allocated up to the amounts of available cash distributed to the partners in excess of cumulative net operating profits. Available cash will be distributed yearly.
• The partners will participate equally in the management of the partnership, but will not receive a salary as compensation for management services.
• The partnership will terminate upon the death, bankruptcy or incompetency of a partner.
• This template is provided in MS Word format and is fully editable to meet your needs.
• Governed by the laws of England and Wales and intended to be used only within the United Kingdom.

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.