A master joint venture contract is a legal contract signed between two parties, both of whom can be companies, individuals, or one of whom is a company and the other an individual. The master contract is considered to be the primary joint venture contract and can include several secondary contracts embedded into it.
SampleMaster Joint Venture Contract
Contract number: MJV/41-IP-17/29/2011
Effective Date of contact: November 29th, 2011.
This contract is an official agreement that contains terms and conditions that are mutually agreeable and beneficial to parties involved in the agreement.
Whereas Company A is located at
Address: Avenue Road, St. John’s Wood,
London, NW8 6BS
Phone: (020) 7870-9523
Whereas the Company B is located at
Address: 423 Atlantic Avenue #1E,
Brooklyn NY 11217
Phone: (718) 243-6809
Following terms and conditions are important aspect of the master joint venture contract and need to be followed:
- Joint Venture:The joint venture company will be formed in the state of New York and both parties involved in this venture – “Jones’” and “Fintel Inc. ” need to file a certificate of formation with the secretary of the state of New York. This certificate needs to be submitted prior to the closing. Between the date of formation to the date of closing, the affairs and functioning of the company will as per the “Interim Operational Agreement”
- Transaction:“Jones” will contribute all or some of its assets to gain 50% membership interest in the joint venture company. “Fintel Inc.” will contribute all or some of its assets to gain 50% membership interest in the joint venture company.
- Non-competitive Agreement: Both “Jones.” and “Fintel Inc.” , their employees or subsidiaries should not during the period of the joint venture contract term be involved in offering administrative, managerial, and financial support as well as consultancy services to companies or individuals outside the contract.
Both the parties are requested to validate the contract:
Signature on behalf of the Jones:
Signature on behalf of the Fintel Inc: