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Joint Venture Agreement for Rental Property
Establish a joint venture to purchase and maintain a rental revenue property with this template Joint Venture Agreement for Rental Property.
- The business of the joint venture is limited to the acquisition, development, rental and management of the properties.
- One of the joint venturers will hold title to the land as a bare trustee on behalf of all of the parties.
- The agreement does not create a partnership between the parties.
- Each joint venturer is entitled to receive revenues and will pay for the joint venture's expenditures in proportion to that party's respective interest.
- Each party indemnifies the other parties against third party claims.
- Funds required by the joint venture will be advanced equally by each of the joint venturers. If any party defaults in contributing funds, they will not be entitled to receive revenues until they have made their contribution.
- Buying rental property with family or friends can involve financial and legal risks. Protect all parties by signing this Joint Venture Agreement.
$29.99
Agreement to Dissolve Joint Venture
Dissolve a joint venture with this downloadable Joint Venture Dissolution Agreement.
- This type of legal contract is typically used to terminate a joint venture when there will be ongoing rights or obligations after the venture has wound up, such as licensing or distribution income, outstanding costs and obligations to be settled, etc.
- The venturers will sell the remaining assets and distribute the proceeds in accordance with a formula based on their capital contributions.
- Future income (from licensing, distribution, sale of products, etc) will be shared equally.
- Any future liability or expense will be borne equally by the co-venturers.
- The co-venturers shall jointly own any intellectual property rights as tenants in common.
- The co-venturers have a right of first refusal to acquire the intellectual property rights of any co-venturer wishing to sell his interest.
- This is a generic legal form which can be used in most countries.
- This Agreement to Dissolve Joint Venture template is fully editable and can be easily customized to meet your business needs.
$12.49
Letter of Intent to Form Joint Venture
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.
$11.99
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British Columbia Joint Venture Agreement
Set up a business joint venture in British Columbia with this template Joint Venture Agreement.
- 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 template is available as a downloadable Microsoft Word file which is fully editable to meet your needs.
- Intended to be used only in the Province of British Columbia, Canada.
$29.99
