As a business owner, you need legal documents you can trust. Our Joint Venture Agreement Template provides the legal detail and clarity you need in a simple format with expert legal guidance. The LawBite Joint Venture Agreement helps ensure that you comply with the necessary regulation and achieve best business practice for a written legal document.
What is a Joint Venture Agreement?
A Joint Venture Agreement formalises the arrangement reached between the business partners. When entering into a joint venture, it is essential that the correct type of agreement be used depending on the form of the joint venture and the shareholding arrangements. A Joint Venture Agreement is intended to establish in writing the fundamental rights and obligations of those involved in the venture, with the aim of making sure that the resulting business is run in a way that meets the stated intentions of those involved.
What should be in a Joint Venture Agreement?
Joint Venture Agreements should include:
- the objectives and scope
- how the business will be financed
- structure of the board and management
- how profits will be shared
- how shares can be transferred
- provisions for unwinding a deadlock (in a 50:50 venture)
- how the JV can be terminated
- any restrictive covenants
Several other documents may be required depending on the form of the Joint Venture.
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LawBite allows you to add useful features such as e-sign / electronic signatures to your Joint Venture Agreement.
How LawBite Can Help
LawBite makes it easy to understand a legal document such as Joint Venture Agreement [Equal] and other legal documents that will help protect your business. LawBite is a digital legal platform and law firm, providing free legal documents and legal templates that you can quickly download and easily edit. Our legal document library has all the necessary legal guidance to help your business succeed and grow.
Drafting Joint Venture Agreements can be overwhelming, especially if you don’t count with the legal expertise required. Joint Ventures are common, as in business, partners seek to share costs, data, expertise, resources and rewards.
At LawBite, our expert lawyers and solicitors can help your business craft an agreement document that meets your needs.
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