Joint Venture Agreement for One Project

The project

A joint venture under this agreement is for one specific project. Each venturer's other business stays its own.

How many venturers will sign this agreement?

This agreement covers two or three existing businesses or individuals working together on one project.

Short name for the project

Used to refer to the joint venture in the agreement, for example "Harbor Street Food Hall Build-Out".

Describe the specific project the venturers will carry out together

Be specific about what the project will produce or achieve, for example "designing, building and operating a seasonal food hall at 12 Harbor Street from May to October 2027."

Where will the project take place? optional

A city, region or site, if the project is limited to one. Leave blank if location does not matter.

Anything the venturers specifically want to leave outside the project? optional

For example, "each venturer's existing catering contracts." Each venturer's other business is outside the project in any case.

Who will sign contracts with customers, suppliers and others for the project?

No new company is formed, so someone must sign project contracts in their own name.

Date the joint venture begins

When will the joint venture end?

First venturer

Is the first venturer a business or an individual?

First venturer's full legal name

For a business, use its registered name, including "LLC" or "Inc." if it has one.

Street address

City

State

ZIP code

Email optional

Used for written notices.

Phone optional

Second venturer

Is the second venturer a business or an individual?

Second venturer's full legal name

For a business, use its registered name, including "LLC" or "Inc." if it has one.

Street address

City

State

ZIP code

Email optional

Used for written notices.

Phone optional

Third venturer

Contributions

What each venturer puts into the project, with the value all venturers agree it is worth.

Date by which every venturer must make the contribution below

What will the first venturer contribute?

Agreed value of the first venturer's contribution

For cash, the amount. For anything else, the value all venturers agree to credit.

What will the second venturer contribute?

Agreed value of the second venturer's contribution

For cash, the amount. For anything else, the value all venturers agree to credit.

If the project needs more money than these contributions, must the venturers put in more?

Profits and losses

How will the venturers share the project's profits and losses?

When will project profits be paid out?

Management

A management committee with one representative from each venturer runs the project.

Project money and reporting

Have the venturers already agreed a written project budget?

Yes No

If yes, attach it to the agreement as Schedule A. If not, the committee adopts one within 30 days.

By what percentage may spending exceed a budget line before the committee must approve it?

Enter 0 if any overspending needs approval.

How often will every venturer receive project financial reports?

Intellectual property, confidentiality and exclusivity

Who will own new intellectual property created for the project?

Intellectual property each venturer already owns stays its own and is licensed for the project only.

After the joint venture ends, may each venturer keep using the project's intellectual property in its own business?

Yes No

For how many years after the joint venture ends must confidential information stay confidential?

Should the venturers agree not to pursue the same project with anyone else during the joint venture?

Yes No

This covers only the project described and lasts only while the joint venture continues. It is not a general promise not to compete.

Leaving and ending the joint venture

How many days' written notice must a venturer give to withdraw before the project ends?

How many days does a venturer have to fix a default after written notice?

If a venturer withdraws or defaults, how is its interest in the project valued for a buyout?

Final terms

Anything else the venturers agreed to? optional

Which state's law should govern this agreement?

Usually the state where most of the project work takes place.

Review your answers

Check each answer and fix anything marked below. Use Edit to jump back to a section.

Next, we'll generate a free preview. You only pay if you choose to unlock downloads.

Joint Venture Agreement

The project

First venturer

Second venturer

Third venturer

Contributions

Profits and losses

Management

Project money and reporting

Intellectual property, confidentiality and exclusivity

Leaving and ending the joint venture

Final terms

Review your answers

Fix these before continuing

Worth checking

Why LeaseCraft?