Joint Venture Agreement

 

 

THIS JOINT VENTURE AGREEMENT (the "Agreement"), made and entered into as of this _(1)_ day of ______(2)______, 20_(3)_, by and between _______(4)_______ of
_____(5)_____ (hereinafter "____________") and _____(6)______ of _____(7)______ (hereinafter "____________").
                                
1,  GENERAL PROVISIONS

 

1.01 Business function.  

 

The business of the Joint Venture shall be as follows:
(Describe Business function)

 

1.02 Term of the Agreement.

 

This Joint Venture shall commence on the date first above written and shall continue in existence until terminated, liquidated, or dissolved by law or as hereinafter provided.

 

2.  GENERAL DEFINITIONS

 

The following comprise the general definitions of terms used in this Agreement:
 
2.01 Affiliate.

An Affiliate of an entity is a person that, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control of such entity.
  
2.02 Capital Contribution(s).

The capital contribution to the Joint Venture actually made by the parties, including property, cash and any additional capital contributions made.
  
2.03 Profits and Losses.

Any income or loss of the Partnership for federal income tax purposes determined by the Partnership's fiscal year, including, without limitation, each item of Partnership income, gain, loss or deduction.

                                
3.  OBLIGATIONS OF THE JOINT VENTURES

 

  ______(8)________ is responsible for all operations and decisions of the Joint Venture and will be compensated for providing various services.

 

 

 

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