The joint project contract is a legal document or agreement that exists between two parties, both of which are organizations that can have similar nature of business or different businesses altogether. In a joint project contract, both parties make investments and are involved in running a single business together.
Sample joint project contract
Contract number: JPC/A19U/30/2011
Effective Date of contact: November 30th, 2011.
This joint project contract is an official operating agreement, whereby two different companies have stake in a single project.
Whereas Company A is located at
Address: 3096 Pabst Road,
Ocean Springs MS 39564
Phone: (228) 872-1480
Whereas the Company B is located at
Address: 126 Elden Way,
Jackson MS 39204
Phone: (601) 969-7466
Following terms and conditions are important aspect of the joint project contract and need to be followed:
- Objective:The objective of this joint project is to provide state of the art internet technology services in the county of Jackson in the state of Mississippi. This will be accomplished through exchange of technical knowledge and expertise and economic cooperation between both parties in the contract – “Rowan International” and “Nico”.
- Co-operation:Both the parties involved “Rowan International” and “Nico” will invest in this project jointly and have the authorization under the joint project contract to use each other’s resources by paying agreed upon compensation. “Rowan International” will be responsible for operation and management of the project while “Nico” will be responsible for handling finances and implementation of technology.
- Breach of contract:If any of the parties involved “Rowan International” or “Nico” fails to offer the cooperation as stated in the joint project contract then it will be termed as breach of contract and the party responsible will be liable to pay the other party necessary compensation.
Both the parties are requested to validate the contract:
Signature on behalf of the Rowan International:
Signature on behalf of the Nico: