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A letter of intent is an agreement that two people or companies will use to work toward an agreement for the sale of a property or business, or to enter into a joint venture. It's useful because it outlines the basics of the deal and what information has to be shared or determined in order for the deal to go forward.

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 should include the names and contact information of all parties involved, the purpose of the venture, the roles and responsibilities of each party, the duration of the agreement, and the terms of the agreement.

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. Free Joint Venture Agreement - LawDepot LawDepot ? contracts ? joint-venture-ag... LawDepot ? contracts ? joint-venture-ag...

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.

If your joint venture is simply two or more companies working together toward a common goal without forming a new entity, you will need a detailed contract spelling out the role of each party, contributions, decision-making power, the right to revenue distributions, and many other details.