Free Sample Joint Venture Agreement Template
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.
8. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Joint Venture Agreement as of the date first above written.
[Your Name]
[Your Company Name]
Party A
Madisonave
Party B
