Joint Venture Agreement

This Joint Venture Agreement is used when two parties (individuals or businesses) want to combine resources, talents, or skills to work together towards a common goal.   A well drafted Joint Venture Agreement will allow you to go into the working relationship with your eyes wide open and all the details set up to protect yourself, your friendship and all your hard work. Every single business relationship eventually ends (perhaps amicably because one party wants to go in a different direction, or contentiously because the parties can’t see eye-to-eye on a specific point). Addressing all the “little details” now, while you both are on the best terms, will save you a huge hassle (and potential drama) when the JV ends.   This Joint Venture Agreement covers all the details, including finances and allocating profits and losses, operations, duties and responsibilities of the parties, the Intellectual Property ownership before during and after the JV ends, liabilities of the parties, confid