A joint venture contract is an agreement between two people to carry out a business together. A joint venture contract example outlines the rules, responsibilities, investment structure etc. in order to facilitate the joint venture. A joint venture contract is usually signed in presence of two witnesses to ensure no fraudulent practices are carried out.

Sample Joint Venture Contract Example

This joint venture has been created on 22nd August 2005

Between:

John. H. Patrick (First Joint venturer)

And

Tom. Swank (Second Joint Venturer)

(hereinafter to be addressed as ‘joint venturer/ joint venturers)

The Joint venturers herby agree to form a co-operative association in order to conduct business of dealing in computer components under the name of Micron technologies Inc.

The Joint Venture term shall be of three years from the date of signing the agreement.

The total investment toward the company shall be $ 25,000

First joint venturer capital $ 15,000

Second joint venturer capital $ 10,000

The acquired funds shall be deposited in Bank of America under a joint account held by the joint venturers. Any use of the funds shall be granted only if signature of both the joint venturers is present.

The profits and losses shall be calculated according to proper accounting practices. Losses shall be dealt by both the joint venturers.

This joint venture shall be reviewed under the law of United States of America. Any disputes regarding the agreement shall be settled with the concerning authorities.

The terms and conditions of the agreement are stated in the Appendix B

The agreement has been signed by the Joint Venturers in witness of

________________                                                    __________________

First Joint venturer                                                      Second Joint Venturer

 

Alyson. Jose                                                                Mike Payson

1709, 10th street,                                                          51st Main Street

San Jose, California                                                     San Jose, California

(In witness of)                                                              (In witness of)

 

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Joint Venture Agreements

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