Joint Venture Agreement

FORMATThis Joint Venture Agreement (here in after termed as “Agreement”) is made and entered into this [date] (here in after termed as “Said Date”) by and between [name] with its principal place of business located at [address] (the “Party A”) and [name] with its principal place of business located at [name] (the “Party B”) (collectively called as “Parties”).WHEREAS, the Parties are undergoing [description of business] and have the [name the party] has ownership of the trademark of [trademark details with registration details].WHEREAS, the Parties has now decided to work together on a project/work/business which is subject to various terms and conditionsWHEREAS, the Parties desire to establish a _________ business at [location].NOW, THEREFORE, the Parties hereby agree as follows:<ol><li style="text-align:justify">The parties shall join together to run the business [name the business/project/work].</li><li style="text-align:justify">The business shall [commencement period], and shall terminate by [termination period]</li><li style="text-align:justify">At a consideration [mention the terms of consideration]</li><li style="text-align:justify">The cost of processing the business is [cost of processing] shall be shared [express the terms of sharing cost].</li><li style="text-align:justify">The original ownership of the trademark or trade name shall vest with the [mention the party] and the other party is only authorized to possess or use the trademark for the purpose of their business.</li><li style="text-align:justify">In case [circumstances for cancellation] the parties can cancel the agreement by giving notice to the opposite party.</li><li style="text-align:justify">[confidentiality clause]</li><li style="text-align:justify">The parties shall retain their legal identities and one party shall not interfere in the internal affairs of the other.</li><li style="text-align:justify">In case of any dispute, the parties shall call for an arbitration [or mention another remedy you choose for] before approaching the court of law.</li><li style="text-align:justify">The parties are free to renew the agreement or modify it with mutual consent.</li><li style="text-align:justify">The profit from the business shall be shared [method of sharing].</li><li style="text-align:justify">[other terms and conditions]</li></ol>IN WITNESS WHEREOF the members have duly affixed their signatures under hand seal on the [Date]_______________________(MEMBER)_______________________             ______________________(MEMBERS)       ______________________

FORMAT

This Joint Venture Agreement (here in after termed as “Agreement”) is made and entered into this [date] (here in after termed as “Said Date”) by and between [name] with its principal place of business located at [address] (the “Party A”) and [name] with its principal place of business located at [name] (the “Party B”) (collectively called as “Parties”).

WHEREAS, the Parties are undergoing [description of business] and have the [name the party] has ownership of the trademark of [trademark details with registration details].

WHEREAS, the Parties has now decided to work together on a project/work/business which is subject to various terms and conditions

WHEREAS, the Parties desire to establish a _________ business at [location].

NOW, THEREFORE, the Parties hereby agree as follows:

The parties shall join together to run the business [name the business/project/work].
The business shall [commencement period], and shall terminate by [termination period]
At a consideration [mention the terms of consideration]
The cost of processing the business is [cost of processing] shall be shared [express the terms of sharing cost].
The original ownership of the trademark or trade name shall vest with the [mention the party] and the other party is only authorized to possess or use the trademark for the purpose of their business.
In case [circumstances for cancellation] the parties can cancel the agreement by giving notice to the opposite party.
[confidentiality clause]
The parties shall retain their legal identities and one party shall not interfere in the internal affairs of the other.
In case of any dispute, the parties shall call for an arbitration [or mention another remedy you choose for] before approaching the court of law.
The parties are free to renew the agreement or modify it with mutual consent.
The profit from the business shall be shared [method of sharing].
[other terms and conditions]

IN WITNESS WHEREOF the members have duly affixed their signatures under hand seal on the [Date]

_______________________(MEMBER)

_______________________

______________________(MEMBERS)

______________________

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JOINT VENTURE AGREEMENT

When two independent entities decide to join hands together in a projector for a business without losing their legal identities creates an agreement that describes their relationship, it is called the Joint Venture Agreement. The agreement will lay down all the terms and conditions that the parties have to follow and are legally binding.

eStartIndia is an online legal service platform where a team of expert legal professionals from India, offering a variety of legal services relating to joint venture, master service agreement, consultancy agreements, legal notices, negotiable instruments, company registrations, intellectual property, tax services, personal and property services from the comfort of your home, offering you service that are very specialized and tailored for each individual.

Get a free Consultation for Joint Venture with Our Top Rated Experts with a simple registration.

WHY CHOOSE eStartIndia?

This organization comprises of expert legal professionals, who use their expertise will draft a Joint Venture that shall cover all the legal requirements and needs of the parties. The experience and the knowledge that our professionals hold can help you in including clauses in your agreement that shall effectively describe the relationship between the parties as well as avoid confusions or difficulties in the future.

ADVANTAGES OF JOINT VENTURE AGREEMENT

IMPROVES CLARITY: The agreement involves a detailed description of the nature of work and terms of sharing the trade name, business, financial expenses, and benefits which negates the scope of doubts between the parties.
GUARDS THE PARTIES: The parties express their will, rights, and duties in an agreement which reduces the scope of disputes between the parties in the future.
PROOF: It acts as evidence that expresses the duties and rights which the parties have agreed on.
SCOPE OF CONFIDENTIALITY: Agreement involves clauses that state the compliance with any confidentiality that the parties may prescribe in their contract.
INTELLECTUAL PROPERTY RIGHTS: The ownership rights and usage rights of a trademark or trade name will be clearly distinguished in the agreement that will establish the rights of parties very clear.
ESTABLISHING INDEPENDENCE: The agreement allows the parties to retain their legal identity.

Registration Process

Identify the parties.
Understand the objective of creating the agreement.
Plan the requirements for achieving the objectives.
Decide on what each party offers and when it shall be executed.
Decide on the circumstances where the agreement becomes inapplicable.
Plan on sharing of economic benefits.
Include clauses where it describes the circumstances where one of the party can terminate the agreement.
Initiate the drafting of an agreement with the help of a professional.
A final draft will be created.
The parties must sign the agreement.

Click here to read more about the "Franchise Agreement".

Package

Basic

4999 /-

Package Includes:

Drafting Joint Venture Agreement by Experienced Lawyers
30-minute Intro Call by Lawyer+ Start to Finish Help + Drafting a Joint Venture Agreement

(Professional Fees)

FAQs

What is the difference between a Joint venture and partnership?

In a partnership, the parties pool in their resources to start a business together whereas in joint venture two entities join together to work on a particular project.