A business 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 and the terms and conditions to be followed by both of them.

Sample Business Joint Venture Contract

Business Joint Venture Contract Number: 521A

This contract has been drafted on 14th of February 2011 between Roger Moore residing at:

23 B Lake Town Road,

New York, New Jersey 5214.

And O Henry residing at:

74 Down Slat Lake Colony,

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. The staff for the business will be appointed on the basis of a mutual agreement between both the parties.

The signatures of both the parties are mentioned below:

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

Roger Moore                                                O Henry