Joint Venture Agreement

This document can be used to legally form a joint venture between two or more parties who would like to undertake a new project, start a new service, or do some other type of specific work together in order to make a profit. Joint ventures can cover a wide and robust range of business arrangements whose aim to collaborate successfully with one another for a fixed or indefinite period of time. This documents acts as a legally binding contract, to reflect the intention of all parties to form a joint venture on the terms set out within.

The document can be tailored to describe the nature of the joint venture, such as:

• the business purpose of the new joint venture;
• responsibilities of each party involved in relation to the activities of the joint venture;
• any investment into the joint venture by either party;
• the creation date of the joint venture and any termination clauses and dates where applicable;
• and any agreed governance procedures for the combined management of the venture.

This document can be used by parties who are located within the United Kingdom or who intend to carryout business activities within the United Kingdom.

The document also allows for the parties to specify the legal form that the joint venture will take, i.e. a private company limited by shares, a limited liability partnership, a general or limited partnership or a contractual venture etc. It is important that this has been considered before the document is signed and completed by the parties.

The parties may also wish to consider using a Non-disclosure Agreement or a Confidentiality Agreement alongside this document.

How the document is to be used

Then the document should be read carefully and understood by the parties. Where necessary, the parties should seek relevant legal advice to understand their rights and obligations under the document. Once the parties are satisfied by the terms of the document, it should be signed and dated by all parties. All parties beholden to the agreement should keep copies of the agreement.

Where the parties to the joint venture are based in England and Wales or Northern Ireland, they should ensure that their signatures are witnessed by an independent party.

Any applicable law

Partnerships Act 1890

Companies Act 2006

Corporation Tax Act 2010

Help from a lawyer

You can choose to consult a lawyer if you need help.

The lawyer can answer your questions or help you through the process. You will be offered this option when you complete the document.

How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.