A joint venture government contract is a legal document or agreement that exists between two parties, one of which is a public sector or private sector company while the other is a government organization. This type of joint venture contract can also exist between two government bodies within the same country or with government body of different countries.
Sample Joint Venture Government Contract
Contract number: GJV/19-11K/30/2011
Effective Date of contact: November 30th, 2011.
This joint venture government contract is an official agreement that is signed to ensure that both parties involved will benefit through the joint venture and are able to manage the project as required.
Whereas Government Company is located at
Department of Housing and Urban Development
A. Maceo Smith Federal Office Building
525 Griffin Street, Suite 860
Dallas, TX 75202-5007
Phone: (214) 767-8300
Whereas the Joint Venture Company is located at
Address: 2728 North Harwood Street,
Dallas, TX 75201
Phone: (214) 276-8020
Following terms and conditions are important aspect of the joint venture government contract and need to be followed:
- Agreement:The Department of Housing and Urban Development of Texas is entering into a joint venture contract with Centex Homes for building new homes in various areas of Dallas, TX including Buena Vista, Erhard Drive, Lenisper Green, Cedar Bend, Camden Avenues, Summer Creek, Maple Springs BLVD., and McKinney Avenue.
- Potential Profit:The cost of building homes in the mentioned areas of Dallas, TX should be potentially efficient in terms of earning potential profit in the near future for the Department of Housing and Urban Development of Texas as well as Centex Homes.
- Proposed Investment:The Department of Housing and Urban Development of Texas and Centex Homes need to establish a clear description of the finances involved for this home building project under the joint venture contract. Both parties should also mention clearly their extent of participation in the project.
Both the parties are requested to validate the contract:
Signature on behalf of the Department of Housing and Urban Development of Texas:
Signature on behalf of the Centex Homes: