North Carolina Joint Venture Agreement between Construction Contractor and Subcontractor for Performance of Work under General Construction Contract

Category:
State:
Multi-State
Control #:
US-13214BG
Format:
Word; 
Rich Text
Instant download

Description

A joint venture is a relationship between two or more people who combine their labor or property for a single business under¬taking. They share profits and losses equally, or as otherwise provided in the joint venture agreement. The single business undertaking aspect is a key to determining whether or not a business entity is a joint venture as opposed to a partnership.
Free preview
  • Preview Joint Venture Agreement between Construction Contractor and Subcontractor for Performance of Work under General Construction Contract
  • Preview Joint Venture Agreement between Construction Contractor and Subcontractor for Performance of Work under General Construction Contract
  • Preview Joint Venture Agreement between Construction Contractor and Subcontractor for Performance of Work under General Construction Contract
  • Preview Joint Venture Agreement between Construction Contractor and Subcontractor for Performance of Work under General Construction Contract

How to fill out Joint Venture Agreement Between Construction Contractor And Subcontractor For Performance Of Work Under General Construction Contract?

Are you in a position where you need files for both company or person purposes virtually every working day? There are tons of lawful file themes available on the net, but finding ones you can rely is not straightforward. US Legal Forms gives thousands of form themes, such as the North Carolina Joint Venture Agreement between Construction Contractor and Subcontractor, which can be written to fulfill federal and state specifications.

When you are previously acquainted with US Legal Forms web site and have a merchant account, basically log in. Next, you are able to acquire the North Carolina Joint Venture Agreement between Construction Contractor and Subcontractor design.

If you do not come with an accounts and want to begin using US Legal Forms, adopt these measures:

  1. Find the form you will need and ensure it is for your correct town/state.
  2. Utilize the Review button to review the shape.
  3. Browse the outline to ensure that you have chosen the appropriate form.
  4. If the form is not what you`re searching for, use the Search area to discover the form that fits your needs and specifications.
  5. Once you find the correct form, click on Get now.
  6. Pick the rates prepare you would like, fill in the specified details to generate your bank account, and buy an order using your PayPal or charge card.
  7. Pick a hassle-free document structure and acquire your duplicate.

Discover all the file themes you have purchased in the My Forms menus. You can obtain a extra duplicate of North Carolina Joint Venture Agreement between Construction Contractor and Subcontractor at any time, if needed. Just go through the required form to acquire or produce the file design.

Use US Legal Forms, by far the most substantial collection of lawful varieties, to save lots of some time and stay away from faults. The support gives appropriately manufactured lawful file themes which can be used for a range of purposes. Produce a merchant account on US Legal Forms and initiate producing your daily life easier.

Form popularity

FAQ

Generally, a joint venture consists of each of the following characteristics: The parties undertaking the joint venture are legally independent, with the exception of the work they do together during this collaboration. The parties set out to accomplish a specific, mutually beneficial goal.

Thus, if a general contractor's subcontract currently requires its subcontractors to indemnify it from any and all claims or disputes arising from general contractor's sole negligence, it will not be enforceable.

Subcontractor vs Independent contractor is a difference in an employment relationship with a laborer. Independent contractors are employed and paid directly by the employer while subcontractors are employed by an independent contractor and are paid by them.

A subcontractor is a worker who is not your employee. You give a Form 1099 to a subcontractor showing the amounts you paid him. The subcontractor is responsible for keeping his or her own records and paying his or her own income and self-employment taxes.

Although joint venture agreements are often spoken of in the same breath as prime/subcontractor teaming agreements, the two are very different. In a joint venture, two or more companies come together (usually by forming a new, separate legal entity) to jointly perform a government contract at the prime contract level.

Whereas a teaming agreement is a prime and subcontract relationship between the parties, a joint venture is a separate legal entity that is comprised of two or more companies that form one entity for the purpose of performing an identified government contract. See how to avoid JV mistakes.

A subcontractor has a contract with the contractor for the services provided - an employee of the contractor cannot also be a subcontractor.

The prime in a joint venture relationship is actually the joint venture entity itself, made up of the venturers. For example, let's say Peach Royalty, LLC, a WOSB, forms a WOSB joint venture with Mario Transport, LLC, a small business, and calls it Peach-Mario-JV, LLC.

Under the subcontract bounds, subcontractors work for the main contractor and carry out a specialized part of the construction work on behalf of the main contractor, whereas the latter is responsible for (1) supervising subcontractors to ensure their construction work complies with the owner's requirements and (2)

A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.

Trusted and secure by over 3 million people of the world’s leading companies

North Carolina Joint Venture Agreement between Construction Contractor and Subcontractor for Performance of Work under General Construction Contract