Complete Legal Idaho Joint Venture Agreements Forms For Free

Just as an original entity can be organized in one of several ways, a joint venture can be set up as a partnership, LLC, or corporation. Or, rather than form a separate entity, a joint venture can be created as a contractual relationship.

A Joint Venture Agreement is a contract between two or more parties who want to do business together for a period of time, without creating a formal partnership or new legal entity. Usually, both parties have an equal stake in the venture, and will both reap the benefits.

Joint venture An agreement (written or oral) between the parties manifesting their intent to associate as joint venturers. Mutual contributions by the parties to the joint venture. Some degree of joint control over the single enterprise or project. A mechanism or provision for the sharing of profits or losses.

A Joint Venture (JV) Agreement is a contract between at least two business entities or individuals entering into a temporary business relationship. By joining forces, the parties hope to achieve a mutual goal.

It is highly recommended, however, that a complete written agreement is created to avoid confusion and dispute at a later time. See our article on Oral or Written Contracts. The agreement entered into between the parties must evidence the intent of the parties to enter into a joint venture.

Standard Documents and Clauses Alliance Agreement. Confidentiality Agreement: Joint Venture. Letter of Intent: 50/50 Joint Venture. Letter of Intent: Majority/Minority Joint Venture. Joint Venture Formation Agreement. LLC Agreement (Two Member, Managing Member-Managed) LLC Agreement (50/50 Joint Venture, Board-Managed)