Joint Venture Agreement

1. Parties & Purpose

This Joint Venture Agreement ("Agreement") is entered into as of [Effective Date] between [Party A Name] and [Party B Name] (together, the "Parties"), for the purpose of [Description of Joint Venture/Project] (the "Venture").

2. Contributions

Each Party will contribute the following to the Venture: [Party A Contributions] and [Party B Contributions] (e.g. capital, expertise, resources, staff time).

3. Management

The Venture will be managed by [Management Structure — e.g. a joint steering committee with one representative from each Party]. Day-to-day decisions require [Approval Threshold]; major decisions ([List]) require unanimous agreement.

4. Profit & Loss Sharing

Profits and losses from the Venture are shared as follows: [Split — e.g. 50/50, or by contribution].

5. No Partnership

This Agreement creates a joint venture for the specific purpose described above only, and does not form a general partnership, and neither Party has authority to bind the other outside the scope of the Venture without written consent.

6. Confidentiality

Each Party agrees to keep confidential any non-public information shared in connection with the Venture, and to use it solely for the Venture’s purpose.

7. Term & Termination

This Agreement continues until the Venture’s purpose is completed or terminated, or until either Party gives [Number] days’ written notice. Each Party remains responsible for obligations incurred before termination.

8. Governing Law & Signatures

This Agreement is governed by the laws of the State of [State / Jurisdiction].

Party A Signature: _______________________ Date: _______________

Party B Signature: _______________________ Date: _______________