Joint Venture Agreement Template South Africa Information

Summary

A Joint Venture Agreement may be used if you’re planning on entering into a collaborative arrangement with a business associate to jointly sell products and services to clients. The Joint Venture Agreement sets out each party’s rights and obligations, establishing boundaries on the services that each party may be required to perform.

Why do I need a Joint Venture Agreement?

A Joint Venture Agreement assists you to set out the terms of your collaboration and relationship with your business associate, including intellectual property, confidentiality, and financial arrangements.

Who should use Joint Venture Agreement?

Two persons or entities that wish to collaborate or enter into a joint venture in order to jointly sell products and services to clients may consider using a written Joint Venture Agreement.

What does a Joint Venture Agreement say?

An Agreement consists of: Parties and Introduction; Relationship and Process; Intellectual Property Rights; Confidential Information; Term and Termination; Payment of Fees; Roles and Responsibilities; Costs; Breach and Dispute Resolution; General

What do you need to do to use a Joint Venture Agreement template?

• Read the template JV Agreement document to ensure that it suits your requirements. Make changes as required.
• Make sure that the blanks have been filled in, including details of each party’s roles and responsibilities.