Joint Venture Contract Template is of much help for you. A joint venture is a business agreement in which two parties join together for a finite time to develop a business or to complete a specific assignment while sharing all the costs, gains and losses in predetermined proportion. A new entity is created with fresh infusion of capital, assets and resources to be controlled by both the parties. Joint ventures are common for projects like construction contracts, sharing of technological know how, branding of products, etc. Most commonly capital intensive projects are undertaken as joint ventures. The preparation for a joint venture begins with the analysis of the JV products, estimated costs, market analysis, financial projections, and impact on environment, etc. Get Joint Venture Contract Template from this site free.
The next stage of entering into a joint venture agreement is selecting a prospective partner with matching strategic strengths and resources that can add value to the enterprise and make the JV a success. Joint ventures are entered into for a limited time period which can range from 4 months to 4 years or less depending on the gestation period of the project. A business may have potential for growth with innovative products and ideas, however, a joint venture will add more resources, greater capacity and enhanced technical expertise along with access to established markets and various distribution channels.
Here is a sample joint venture contract template, We hope you will like it.
