Collaboration between companies for specific projects or business ventures.
JOINT VENTURE AGREEMENT
This Joint Venture Agreement is made on [DATE] between [COMPANY 1 NAME] and [COMPANY 2 NAME] ("Parties").
1. PURPOSE AND SCOPE
Parties agree to form a joint venture for the purpose of [PROJECT DESCRIPTION] in the territory of [GEOGRAPHIC AREA].
2. CONTRIBUTIONS
[COMPANY 1] shall contribute: [CONTRIBUTIONS]. [COMPANY 2] shall contribute: [CONTRIBUTIONS].
3. MANAGEMENT STRUCTURE
Joint venture shall be managed by a [NUMBER]-member committee with equal representation from each party.
4. PROFIT AND COST SHARING
Profits and costs shall be shared equally between parties unless otherwise specified in attached Schedule A.
5. INTELLECTUAL PROPERTY
Pre-existing IP remains with original owner. Joint IP developed during venture shall be jointly owned.
6. TERM AND TERMINATION
Joint venture shall continue for [DURATION] or until completion of the project, whichever occurs first.
COMPANY 1: _________________ COMPANY 2: _________________
[COMPANY 1 NAME] [COMPANY 2 NAME]
Date: ___________ Date: ___________
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A Joint Venture Agreement creates a business collaboration between companies for specific projects, defining contributions, management, and profit sharing.