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A joint venture agreement is a written agreement signed between parties wishing to work together, or contribute specified resources and capital to achieve a specific goal.

Written agreements are especially needed for ?joint ventures?, which are a kind of partnership which is limited in time or scope, such as for a particular event or project etc, as the partners clearly do not wish to have broad powers given to the joint venturers in these circumstances, and need some method specified ...

How to write a Joint Venture Agreement Establish the details of the joint venture. Add information about your industry, location, and which type of venture you'll form. ... Describe the members of the joint venture. ... Set terms for business management. ... Set terms to help avoid or manage disputes.

The history of the joint venture can be traced back to the 1920s. At first, American companies in particular made use of it, but business people in other export nations soon followed suit. This type of venture spread worldwide after the end of the Second World War.

A Joint Venture Agreement is a contract between two businesses or individuals who agree to work together to achieve a specific goal. A completed Joint Venture template should include details such as venture members, member responsibilities, and venture goals, as well as the start and end date.

After a joint venture agreement has been signed, a change in events or in the parties' intentions can necessitate an amendment to the agreement. If all of the parties agree to the change and sign additional documents, any term in the existing agreement can be amended.