Model Joint Venture Agreement

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How to draft a proper Model Joint Venture Agreement? Download this Model Joint Venture Agreement template that will perfectly suit your needs!

Legal communication is essential to individuals and companies to ensure truthful, accurate information exchange and enable morally-correct decision making. This is important to give consideration on how to communicate and how to remain lawful in your day-to-day business activities. Therefore, communication in situations that involve legal complications, request extra attention. Using our easy-to-modify Model Joint Venture Agreement helps to make a perfect document for any kind of personalized legal matter.

Legal professionals are in need of templates more than any other industry. Our trustworthy legal templates are all drafted and screened by legal professionals that have experience in special law-related fields and are actively involved in legal issues around the topic. This Model Joint Venture Agreement template covers the most important subjects and will help you to structure and communicate in a professional and legal way with those involved. 

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Giving chair a casting vote in 50-50 situation effectively results in unequal representation on board • any particular qualifications for members of management board (i.e., do parties want management board members to have certain skill sets or experience ) or any particular prohibitions on who can act • removal and replacement of members of management board • when and how often management board will meet • notice requirements • quorum for valid meeting • can management board members be represented by alternates (generally not permissible in a corporate JV) • who can call meetings • under what circumstances can management board act without an in-person meeting i.e., telephonic meetings or actions by signed consent • determine what powers and duties the management board will have—JV agreement may specify that certain matters require approval of majority of management board and other matters require unanimity • determine what decisions are not to be made by the management board but must be referred to the co-venturers Meetings of Co-venturers • when and how often co-venturers will meet • notice requirements -6- Error Unknown document property name.. List will vary depending on level of autonomy proposed to be given to JV and level of decision-making already residing at co-venturer level: • approval of annual business plan and budget or any change to any approved annual business plan or budget • transactions outside the ordinary course of business over a specified annual threshold • change of name • change in scope of the business • investments outside the scope of the business in excess of a specified threshold unless contemplated in annual business plan and budget • creation of subsidiaries • admission of new co-venturers (in the case of a corporate JV by issuance of stock) • any transfer of ownership interests (unless contemplated in the JV agreement) • issue, sale or transfer of shares or rights to shares of subsidiaries of JV company • incurring debt, granting sec 

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