Joint Venture Agreement


A joint venture agreement is a legal document drafted when two or more individuals enter into a joint venture business to manufacture a certain kind of product or provide a certain kind of service. The agreement states the nature of the joint venture business that both the parties are entering into and also the terms and conditions that they have to agree to.

Sample Joint Venture Agreement

This joint venture agreement has been drafted between Tim Smith referred to as Party 1 and Henry Cooper referred to as Party 2 to as per the Business Laws of the state of Arizona.

Details of party 1:

Office address:  345 Trunk Road,

New York, New Jersey.

Contact Number: 34567789

Email id: tim@mail.com

Details of party 2:

Office address:  234 Grand Turk Road,

New York, New Jersey.

Contact Number: 3456456

Email id: henry@mail.com

As per the agreement the parties would enter into a joint venture business to manufacture and supply readymade garments. The terms and conditions agreed upon by both the parties are as follows:

  1. Party 1 will be responsible for providing the raw materials required for the garments. Party 2 will be responsible for manufacturing the garments from the raw materials.
  2. The profit and losses will be shared on an equal percentage.
  3. Both the parties have to bring in equal amount of capital for the business.
  4. If either of the parties is found to be involved in any fraudulent activity, the joint venture agreement will be terminated.

Signature:                                                                  Signature:

Tim Smith                                                                  Henry Cooper

Category: Joint Venture Agreements

Leave a Reply