A contractual joint venture contract is a legal document drafted whenever two individuals or two organizations enter into a joint venture business. The document serves documentary evidence in case of any dispute arising between both the parties and also marks out the terms and conditions to be followed by both the parties.
Sample Contractual Joint Venture Contract
Contractual Joint Venture Contract Number: 45MN
This contract has been drafted on 24th of February 2011 between
Mr. Jim Bean residing at:
52 Jane Austen Road,
New York, New Jersey 5231.
Mr. Jack Daniel residing at:
824 Sand Dune Road
North Dakota, New Carolina 46563
To start a contractual joint venture business in providing cleaning services to corporate companies on a contractual basis. The contract is valid till 20th of February 2013.
Both the parties need to agree to the following terms and conditions:
- The capital required for the business is to be brought in equally by both the parties. The capital amount that each needs to bring is $10000.
- If either of the parties is found trying to sign an individual contract with any of the clients then the contract can be cancelled without giving any prior notice.
- The address of the office will be located at:
56 New Hall Road,
New York, Los Angeles 1212.
- The workers for the business will be hired on the basis of a mutual agreement between both the parties.
The signature of both the parties is mentioned below:
Signature of the party 1: Signature of the party 2:
Jim Bean Jack Daniels