Joint Venture Model Agreements
Companies often collaborate to launch projects that are in their mutual interest. A joint venture agreement is used to ensure that all parties are protected if things go wrong or if a party resumes its original commitments. The joint venture created by this agreement (the `joint venture`) will operate under the name of [name of joint venture] and will have its registered address at [address]. The Joint Undertaking shall be regarded in all respects as a joint venture between the Parties and, in any event, this Agreement shall not be construed in such a way as to establish a partnership or other fiduciary relationship between the Parties. As a general rule, two parties engage in a joint venture in order to obtain their own individual advantage, which usually results from the main objectives of the business project they envisage. Whatever your purpose for entering into a joint venture agreement, the most important document you should have is a joint venture agreement. If you plan to set up a joint venture, you should know how to create your own joint venture contract template….