JOINT VENTURE AGREEMENT
Collaboration on a Joint Project
Summary A Joint Venture Agreement can be used if you’re planning to enter into a collaborative arrangement with a business associate, working together on a joint project, eg. conceptualising, planning, developing, marketing and selling a product, idea or concept. The Collaboration Agreement sets out each party’s rights and obligations, and includes reference to expenditure, profits, ownership and confidentiality, amongst other things.
Who should use this Joint Venture Agreement? A Joint Venture Agreement can assist you to set out the terms of your relationship with your business associate, including intellectual property, confidentiality and financial arrangements. Any two persons or entities that want to collaborate or enter into a joint venture to bring a concept or idea to fruition can use this Joint Venture Agreement.
More than two persons? Have a look at our Joint Venture Agreement for Collaboration in a Joint Project for 3 or more parties.
What does the JV agreement say? The template JV Agreement consists of: Parties; Introduction; Relationship and Process; Intellectual Property Rights; Confidential Information; Term and Termination; Disbursements and Profits; Roles and Responsibilities; Costs; Breach; Dispute Resolution; General.
What does the agreement look like? The sample Joint Venture terms and conditions can be printed onto eight pages.
What do you need to do to use the agreement?
- Read the template Collaboration Agreement to ensure that it suits your requirements. Make any changes as you may require.
- Ensure that the blanks have been filled in, including details of each party’s roles and responsibilities in clause 8.
Joint Venture Agreement – what other documents do I need? When you’re entering into a joint venture or collaboration with a business associate, it is recommended that you get a Confidentiality Agreement signed. (Also known as a Non-Disclosure Agreement.)
Also known as: Collaboration Agreement; Collaboration Contract; Joint Venture Arrangement; Joint Venture Terms and Conditions; Joint Venture Contract.
Also viewed: Contractor Agreement
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