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An unincorporated joint venture for a specific project. Two joint venture partners join forces to complete a particular project. The agreement ensures the relationship is characterised as a joint venture and not a partnership, agency or trust. A management committee is constituted to undertake the business of the joint venture and represent each party.

Joint Venture Agreements

An unincorporated joint venture for a specific project. Two joint venture partners join forces to complete a particular project. The agreement ensures the relationship is characterised as a joint venture and not a partnership, agency or trust. A management committee is constituted to undertake the business of the joint venture and represent each party.

 

 

 

The Joint Venture Agreement covers the mechanics of the joint venture project including:

  • Meetings of the management committee
  • Voting rights of joint venturers
  • Decision making procedures
  • Appointment of a project manager
  • Mutual indemnity
  • Winding up of the joint venture.
  • apportionment of profits and losses.

Most variables are contained in a Schedule to the Joint Venture Agreement for ease of drafting.

9 pages long.

 

 


 

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