Joint venture agreement pdf sample. In cases like these you would most likely need to make a joint venture agreement so that everything would be clear to both parties involved.
This joint venture agreement template can be customized in seconds.
Sample joint venture agreement construction project. The validity of any transaction agreement or payment involving the joint venture and any affiliates of the parties to this agreement otherwise permitted by the terms of this agreement shall not be affected by reason of the relationship between them and such affiliates or the approval of said transactions agreement or payment. It has been designed specifically keeping that in mind. But a joint venture requires a leap of faith and serious thought.
While forming the joint venture agreement and performing the work there are several key considerations for any contractor such as. Miller miller law firm. Joint ventures may allow you to expand geographically may boost your working capital and may even spread the risk a bit.
It is the intention of the parties to automatically extend this joint venture agreement in term each time a new project is identified and added to this agreement by addendum for the term required to complete that project. Limited liability company llc. The sample joint venture agreement below details an agreement between annette j luna and nicholas d entrekin annette j luna and nicholas d entrekin agree to establish a joint venture for the purpose of developing and running a chain of ice cream stores.
If you are forming a partnership to fund a construction project you can use this joint venture agreement template. Checklist of items to be included in a joint venture agreement. It is understood that this joint venture will terminate at the completion of the projects listed in 101.
There may come a time when your business would start a project and there would be a need for a strategic alliance with an individual or a team in order to complete it. Contractual joint venture agreement in pdf. Construction joint venture agreement.
Joint ventures in construction third edition by richard w. 1 choice of entity partnership vs. Declaration of joint venture agreement 5.
4 construction joint venture agreement key considerations. Life cycle of construction joint venture projects. To start fill out key information about you your partner and the joint venture using the menu on the right.
Of the project with authority to bind the joint venture should be. Pre bidding joint venture agreements 3 form a. The paper then explores three types of construction jv agreements generally used in the industry namely the memorandum of understanding mou the pre bid jv agreement and the jv agreement by focusing on main provisions in these agreements and primary considerations while drafting them.
The lure of creating a joint venture as a way to take on a larger than normal project is appealing and can create a way to reach large project goals much easier.
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