Joint Venture Agreement

Joint Venture is between:

Party A

Party B

Do you know the Mailing Address of Party A?

Do you know the Mailing Address of Party A? YesNo

Party A's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

Do you know the Mailing Address of Party B?

Do you know the Mailing Address of Party B? YesNo

Party B's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

Joint Venture (description)

Describe the Joint Venture:

Describe the joint venture ONLY. This does not include ownership, obligations, or contributions made by the Partners (will be added later).

Management

Who will the Joint Venture be managed by?

Usually an operating member, board of managers, management committee, investment member, or non-member manager.

Partner A's Obligations

Do you want to enter Partner A's duties in this Agreement?

Do you want to enter Partner A's duties in this Agreement? YesNo

To enter SPECIFICALLY what Partner A is responsible for in the day-to-day activities of the Joint Venture.

This does not include any Capital Contributions ($).

Enter Party A's Obligations:

Party B's Obligations

Do you want to enter Partner B's duties in this Joint Venture?

Do you want to enter Partner B's duties in this Joint Venture? YesNo

To enter SPECIFICALLY what Partner B is responsible for in the day-to-day activities of the Joint Venture.

This does not include any Capital Contributions ($).

Enter Party B's Obligations:

Do you want to enter the OWNERSHIP of the Joint Venture?

Do you want to enter the OWNERSHIP of the Joint Venture? YesNo (not applicable)

For example, if the joint venture is the creation of a product or service, it is advised to enter its ownership.

Partner A's Ownership:

Partner B's Ownership

Profits of the Joint Venture will be distributed:

Profits of the Joint Venture will be distributed: In Accordance with Ownership %Custom

Party A's Share of Profits:

Party B's Share of Profits:

Non-Compete

Will any Party be PROHIBITED from engaging in a similar business of the Joint Venture?

Will any Party be PROHIBITED from engaging in a similar business of the Joint Venture? YesNo

Otherwise known as a "non-compete clause."

Capital Contributions

Will either of the Parties be making any Capital Contributions?

Will either of the Parties be making any Capital Contributions? YesNo

A Capital Contribution is cash or assets given to a joint venture to fund the entity.

Who will be making Capital Contributions?

Who will be making Capital Contributions? Party AParty B

Enter the Capital Contributions of Party A:

Describe the Cash ($) Amount or Assets.

Enter the Capital Contributions of Party B:

Describe the Cash ($) Amount or Assets.

Termination

This Joint Venture will terminate on:

This Joint Venture will terminate on: a Specific DateWith ____ Days' NoticeOther

Termination Date

Enter the NOTICE PERIOD:

Days

At any time, if Party A or Party B wants to terminate this Agreement, they will have to submit notice within this time-frame mentioned.

Describe how this Agreement terminates:

Governing Law

This Agreement will be governed under the laws of:

Select your State.

Additional Terms & Conditions

Will there be any ADDITIONAL TERMS or CONDITIONS?

Will there be any ADDITIONAL TERMS or CONDITIONS? YesNo

Additional Terms & Conditions:

Effective Date

Do you know the Effective Date of this Joint Venture?

Do you know the Effective Date of this Joint Venture? YesNo

Usually today's date or can be entered at a later time.

Effective Date

Who will the joint venture by managed by?

Who will the joint venture by managed by? The investment memberThe operating memberA board of managersA management committeeA non-member manager

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