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A Joint Venture Agreement is used when one or more business decided to work together.
Usually, the businesses agree to work together on a particular project or venture, whilst retaining their own existing identities and businesses.
This is not any form of employment contract so the parties should be operating as a separate business, for example they may be a sole trader or operate through a limited company or partnership.
In this agreement the parties agree the basic terms of what each of them will do with regards to the venture and generally how they will deal or “work” with each other. For example, they will agree each other’s main responsibilities and obligations and deal with issues such as confidentiality and how finances will be dealt with,
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HOW TO USE THIS DOCUMENT
This is a MS Word document and is easy to use. The document uses blue text to provide extra guidance and notes and green text where you will customise your document to suit the circumstances in which it is used.
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