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Joint venture contracts are when two parties come together in an agreement for a specific business project. The contract outlines the expectations, obligations, terms, and responsibilities that are expected of both parties during the project.

A Joint Venture Agreement takes place when two or more individuals or entities plan to undertake a project instead of a long-term continuing business and decide to mutually share the profit or loss at the end of such project.

A joint venture agreement is a legal contract that unites two or more parties, whether individuals or companies, in the pursuit of a common goal. The contract stipulates that the parties will combine their resources in order to achieve mutually beneficial ends.

Documents Required to Register Joint Venture Agreement Joint Venture Agreement: A written agreement signed by all parties involved in the joint ventures. ID Proofs of all parties: Photocopies of government-issued identity proofs such as passport, PAN card, or voter ID card for all parties involved in the joint ventures.

The joint venture agreement should cover: the structure of the venture, eg if it will be a separate business in its own right. the name and aims of the joint venture. the term of the venture and any possible extensions to the duration. the capital contributions you will each make, such as cash or property.

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.

Your joint venture agreement must be in writing and follow SBA requirements. The joint venture must be separately identified with its own name and have both a Unique Entity Identifier (UEI) and a Commercial And Government Entity (CAGE) code in the federal government's System for Award Management at SAM.gov .