Sample Joint Venture Agreement

1. Purpose

This Joint Venture Agreement ("Agreement") is made and entered into as of [Date], by and between [Your Company Name], a [State] corporation with a principal place of business at [Your Company Address] ("Party A"), and Madisonave, a Texas corporation with a principal place of business at Dallas, TX 85224 ("Party B").

The parties wish to join together for the purpose of [describe purpose of joint venture].

2. Formation of Joint Venture

The parties hereby form a joint venture (the "Joint Venture") pursuant to the terms and conditions of this Agreement.

2.1 Name

The Joint Venture shall be conducted under the name TeamUp.

2.2 Principal Office

The principal office of the Joint Venture shall be located at [Joint Venture Address].

2.3 Term

This Joint Venture shall commence on [Start Date] and shall continue until [End Date], unless terminated earlier as provided herein.

3. Contributions

Each party shall make an initial contribution to the Joint Venture as follows:

3.1 Party A Contribution

Party A shall contribute [Description of Contribution] to the Joint Venture.

3.2 Party B Contribution

Party B shall contribute [Description of Contribution] to the Joint Venture.

4. Management

The Joint Venture shall be managed by a Management Committee consisting of [Number] representatives from each party.

4.1 Authority

The Management Committee shall have full authority to manage the day-to-day operations of the Joint Venture.

4.2 Meetings

The Management Committee shall meet at least [Frequency] to review the performance of the Joint Venture.

5. Profits and Losses

Profits and losses of the Joint Venture shall be allocated as follows:

5.1 Party A: 45%

5.2 Party B: 55%

6. Termination

This Agreement may be terminated upon the occurrence of the following events:

6.1 Mutual Agreement

The mutual written consent of the parties to terminate this Agreement.

6.2 Breach

The material breach of this Agreement by either party, which breach remains uncured for [Time Period] after written notice thereof.

7. Miscellaneous

7.1 Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of [State].

7.2 Entire Agreement

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.