A joint venture agreement is a legal contract between two or more parties who agree to collaborate on a specific project or business venture while maintaining their separate identities. It describes the rights, obligations, and contributions of each participant as well as the rules and circumstances regulating the joint venture.
What is the goal and reach of the joint venture?
How are the finances going to be arranged?
Would a partner make any other contributions except money?
What would each partner's interest in the joint venture be?
What is the composition of the board and management arrangements?
What are the specific obligations of the parties?
What are the preceding and succeeding conditions?
How is the sharing of profits provided for?
Under what conditions might the shares be transferred?
How would a deadlock be remedied?
How and when would the joint venture be terminated?
What is the provision for future issues of capital?
Which parties and the firm are subject to restrictive covenants?
How would the CEO/MD be appointed?
Confidentiality or NDA clause.
