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Joint Venture Agreement

Create a joint venture agreement for 2 or 3 businesses working on one project: contributions, profit shares, management, IP and exit terms.

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What this document does

A contractual agreement between two or three existing businesses or individuals to work together on one specific project without forming a new company, covering the project's scope and what stays outside it, the nature of the relationship, each venturer's contribution and its agreed value, how project profits and losses are shared, a management committee with reserved matters and an optional lead venturer, a dedicated project account with budgets and reports, intellectual property, confidentiality, optional project exclusivity, and how the venture ends, including withdrawal, default, buyout, wind-down and final distribution.

What it covers

  • Venturers
  • The Project
  • Nature of the Relationship
  • Contributions
  • Profits, Losses, and Distributions
  • Management of the Project
  • Project Account, Budget, and Reports
  • Intellectual Property
  • Confidentiality and Other Business
  • Term, Withdrawal, and Default
  • Ending the Venture and Winding Down
  • Additional Terms
  • General Provisions

A template you fill in yourself from your own answers. LeaseCraft is not a law firm and does not give legal advice; for advice about your situation, talk to a lawyer.

How it works

1

Answer the questions

Plain-language questions about the people, dates and terms.

2

Preview it free

Read the document built from your answers and change anything before you download.

3

Download PDF and Word

Included with LeaseCraft Annual ($19.99/year).

Questions about the Joint Venture Agreement

It is an arrangement in which two or three existing businesses or individuals agree to work together on one specific project and share its results, without forming a new company. Each venturer keeps running its own business separately.

It does not form a company and makes no state filing. The venturers state that they do not intend a general partnership beyond the project, but a court may treat a joint venture like a partnership for some purposes, including responsibility to outsiders. If you want a separate entity with limited liability, consider forming an LLC instead.

You can set a percentage for each venturer, which must add up to 100, share in proportion to the agreed value of each venturer's contribution, or share equally.

Each venturer keeps the intellectual property it brings, licensed for the project only. You choose whether new project IP is owned jointly or by the venturer that develops it, with a license to the others.

Not generally. You can add an optional exclusivity promise that lasts only during the venture and covers only the project described. Each venturer's other business stays its own.

No. LeaseCraft provides self-help document preparation and is not a law firm. For advice about your situation, including taxes, talk to a lawyer or tax professional licensed in your state.

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