A simple joint venture contract is a legal document drafted whenever two individuals or two organizations enter into a joint venture business. The contract marks out the responsibilities to be shared by either of the parties in the business.

Sample Simple Joint Venture Contract

Joint Venture Contract Number: 521A

This contract has been drafted on 14th of February 2011 between

Roger Moore residing at:

451 Jack Glow Road,

New York, New Jersey 5214.

and

O Henry  residing at:

74 New castle Road,

New York, New Jersey 5216.

To start a joint venture business in providing catering services. The contract is valid till 13th of February 2013.

Both the parties need to agree to the following terms and conditions:

  1. Both the parties need to bring an equal amount of capital of $100000 for the business.
  2. The office of the joint venture business will be located at:

54 John Goods Road,

New York, New Jersey 5216.

  1. The profit and losses will be shared in an equal ratio.
  2. Either of the parties can cancel the contract at any time of the contract period after serving a one month notice period. The contract can also be cancelled if either of the parties is involved in any sort of fraudulent activity.
  3. Renewal of the contract after the expiry date is at the discretion of both the parties.

Both the parties have agreed to the above terms and conditions and put their signature below in approval of that:

Signature of the party 1:                               Signature of the party 2:

Roger Moore                                                O Henry

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