A joint venture agreement contract is a strategic alliance between two or more companies where both agree to invest a certain sum of money and run the operations of a new company where both the companies hold a stake. The joint venture agreement specifies the amount invested, the duration of the agreement and the stake held by the companies in the joint venture firm.
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Sample Joint Venture Agreement Contract:
This joint venture contract is made and entered on the 9th of September by and between the following parties:
COMPANY NUMBER 1 DETAILS
Name: Highend Motors
Address: Kipling Street, New York
Contact number: 6468597047
COMPANY NUMBER 2 DETAILS
Name: Goodparts Inc
Address: 19 Boulevard Street, New York
Contact number: 6468474960
JOINT VENTURE DETAILS
Name of company: Small Cars Galore
Address: 99 Avenue, New York
Contact number: 6469384752
TERMS AND CONDITIONS:
- The above mentioned companies agree to create a joint venture company SMALL CARS GALORE, where both parties shall be responsible for conducting the business.
- COMPANY NUMBER 1 shall contribute a sum of $100,000 to the joint venture and COMPANY NUMBER 2 shall contribute a sum of $50,000 to the joint venture.
- Profits from the joint venture will be shared between COMPANY NUMBER 1 and COMPANY NUMBER 2 in a 2:1 ratio.
- John Adams, CEO of Highend Motors, shall be the president of SMALL CARS GALORE, and Gary Jones, CEO of Goodparts Inc, shall be the vice-president of SMALL CARS GALORE.
Signature: John Adams
Designation: CEO of Highend Motors
Signature: Gary Jones
Designation: CEO of Goodparts Inc