The joint venture contract is a legal contract document made between two organizations, and this could be on a 50-50, 60-40, 30-70 or any other profit sharing basis. This contract contains various terms, conditions, and clauses related specifically to cater to the requirements of the contract.
Sample joint venture contract
Contract number: JV/7121/29/2011
Effective Date of contact: November 29th, 2011.
This contract is an official agreement that contains terms and conditions, which will ensure that both parties involved in this venture can benefit from the venture.
Whereas Company A is located at
Address: 19621 Pasnow Avenue,
Cleveland OH 44119
Phone: (216) 531-2155
Whereas the Company B is located at
Address: 98 Miller Drive,
Livingston MT 59047
Phone: (406) 222-4631
Following terms and conditions are important aspect of the joint venture contract and need to be followed:
Both parties involved in the joint venture agreement – “Juve Mediacom” and “Alten Media” will make investments in the form of cash, building, and land. The total investment by “Juve Mediacom” will be US $7 million while that by “Alten Media” will be US $3 million on a 70:30 ratio.
The expenses incurred by the joint venture project will be approved by authorized person or the appointed CFO (Chief Finance Office) and the accounting system will follow all regulations applicable in the USA.
- Force Majeure:
If any or either of the party’s business becomes a victim of natural causes or political instability that are considered as unpredictable force majeure then the concerned party will inform the other party in writing of its inability to fulfill the terms and conditions of the contract.
Both the parties are requested to validate the contract:
Signature on behalf of the Juve Mediacom:
Signature on behalf of the Alten Media: