An agreement between two businesses collaborating on a specific project or venture without forming a new combined entity.
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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").
Each Party will contribute the following to the Venture: [Party A Contributions] and [Party B Contributions] (e.g. capital, expertise, resources, staff time).
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.
Profits and losses from the Venture are shared as follows: [Split — e.g. 50/50, or by contribution].
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.
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.
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.
This Agreement is governed by the laws of the State of [State / Jurisdiction].
Party A Signature: _______________________ Date: _______________
Party B Signature: _______________________ Date: _______________