A specific project with identifiable outcomes needs a detailed joint venture agreement to set out everyone’s rights and obligations.
A joint venture is a contractual arrangement whereby two or more people or businesses agree to work together toward a common goal, and to share the associated risks and rewards. A joint venture is different to a partnership in that its focus is not just sharing profits and it is more suitable for short term commitments.
Entering a joint venture arrangement with another person or business can enable you to reach a wider market to develop your business, access new distribution networks, and gain additional resources such as staff and technology from your partners. It also offers the protection of sharing the risks of the venture.
We have created a Joint Venture Agreement which is tailored for business development. It provides an ideal legal framework within which you can successfully operate your new business enterprise, and incorporates all the necessary legal matters which need to be in writing for you to be protected.
Having a lawyer draft a custom JV Agreement will set you back thousands of dollars. But you can get our easy-to-use complete customisable Business Development Joint Venture Agreement now, for a fraction of the cost.