Split Legal Washington Joint Venture Agreements Forms For Free

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.

A joint venture involves two or more persons or entities joining together for a particular project. A partnership is described as a relationship which exists between people carrying on a business, with a common view of making a profit. It also includes incorporated limited partnerships.

A corporation is a common formal company structure in which owners collectively operate as a single business entity. A joint venture is a legalized partnership between two or more business entities that established a separate legal business entity.

In a joint venture, two or more companies join together to collaborate on a particular project. Through their collaboration, the companies share resources, profits, losses and expenses. The joint venture is a legal entity separate from the companies' other business interests.

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 ...

Joint Venture Agreements should include information concerning the purpose of the joint venture, dollar amount each party will contribute, duties of each party, percentage interest each party holds in the joint venture, and proportion of profit that each party is to receive.