A construction joint venture contract is a legal document drafted between two individuals or two organizations when they decide to enter into a joint venture related to construction work. The contract has terms and conditions which are to be followed by both the parties.

Sample Construction Joint Venture Contract

Construction Joint Venture Contract Number: SF5212

This contract is being drafted and entered into on 10th of February 2011 between

Rocky Construction Limited with head office at:

Sunrise Building

451 Jack Glow Road,

New York, New Jersey 5214.

And

Bates and Mates Construction Limited with head office at:

Sunset Building

54 John Goods Road,

New York, New Jersey 5216.

to construct a 10 storey building for residential purpose on a joint venture basis at:

74 New castle Road,

New York, New Jersey 5216.

The following terms and conditions set by both the parties have to be obliged:

  • Both the parties have to make an advance payment of $100000 towards the capital before the contract begins.
  • The amount required for purchasing the raw materials required for construction has to be borne by Rocky Construction Limited.  Bates and Mates Construction Limited have to bear the other expenses.
  • The profit and loss will be shared on an equal percentage.
  • The contract expiry date is 12th of February 2013, before which the contract cannot be cancelled without serving one month notice by either of the parties.

The signature of both the parties is mentioned below:

Signature of party 1:                                                                  Signature of party 2:

John Marshall                                                                                       John Woo

(CEO, Bates and Mates                                                                (CEO, Rocky Construction Limited)

Construction Limited)

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