• US Legal Forms

Joint Venture

State:
Multi-State
Control #:
US-00798BG
Format:
Word; 
Rich Text
Instant download

Description Joint Venture Agreement Template

A joint venture is very similar to a partnership. In fact, some States treat joint ventures the same as partnerships with regard to partnership statutes such as the Uniform Partnership Act. The main difference between a partnership and a joint venture is that a joint venture usually relates to the pursuit of a single transaction or enterprise even though this may require several years to accomplish. A partnership is generally a continuing or ongoing business or activity. While a partnership may be expressly created for a single transaction, this is very unusual. Most Courts hold that joint ventures are subject to the same principles of law as partnerships. The duties owed by joint venturers to each are the same as those that partners owe to each other. For example, partners have a duty of loyalty to one another, and joint venturers would also have the same duty. If a joint venture is entered into to acquire and develop a certain tract of land, but some of the venturers secretly purchase and develop land in their own names to compete with the joint venture, the other joint venturers may be liable for damages for the breach of this duty of loyalty. A joint venture will last generally as long as stated in the joint venture agreement. If the joint venture agreement is silent on this, it can be terminated by any participant unless it clearly relates to a particular transaction. For example, if a joint venture is created to construct a particular bridge, it will last until the project is completed or becomes impossible to complete because of bankruptcy or some other type situation. With regard to liability to third persons, generally, joint venturers have the same liability as partners in a general partnership.
Free preview Joint Venture Agreement Pdf
  • Form preview
  • Form preview
  • Form preview

How to fill out Joint Venture Property Pdf?

Aren't you tired of choosing from hundreds of templates each time you want to create a Joint Venture Agreement to Develop and to Sell Residential Real Property? US Legal Forms eliminates the lost time numerous American citizens spend searching the internet for suitable tax and legal forms. Our expert crew of lawyers is constantly upgrading the state-specific Templates catalogue, so that it always offers the appropriate files for your situation.

If you’re a US Legal Forms subscriber, simply log in to your account and click on the Download button. After that, the form can be found in the My Forms tab.

Users who don't have a subscription should complete simple actions before having the capability to get access to their Joint Venture Agreement to Develop and to Sell Residential Real Property:

  1. Use the Preview function and look at the form description (if available) to ensure that it’s the correct document for what you are trying to find.
  2. Pay attention to the applicability of the sample, meaning make sure it's the appropriate sample for your state and situation.
  3. Use the Search field on top of the page if you want to look for another file.
  4. Click Buy Now and select an ideal pricing plan.
  5. Create an account and pay for the service utilizing a credit card or a PayPal.
  6. Get your sample in a needed format to finish, create a hard copy, and sign the document.

As soon as you have followed the step-by-step recommendations above, you'll always have the ability to sign in and download whatever file you need for whatever state you require it in. With US Legal Forms, completing Joint Venture Agreement to Develop and to Sell Residential Real Property templates or other official paperwork is simple. Get going now, and don't forget to look at your examples with accredited lawyers!

Joint Venture Agreement Form Trusted and secure by over 3 million people of the world’s leading companies

Joint Venture