There are several types of a joint venture, for instance; contractual joint venture agreement, corporate joint venture and long term partnership agreement. During the preparation of joint venture agreement, all interested parties will agree to define the usage of resources, for instance; purpose of collective money, strength of employees, use of equipment, combination of technology, profit sharing and division of overall resources. In the absence of following may force different companies to shake hands; lack of technology, negative Goodwill, limited output, less resources and mismanagement. Joint venture agreement template is provided underneath with a preview. You can take a look at preview and can download it by clicking on download button.
Joint venture is a business term which means; whenever two or more companies are agreed to combined their skills or products or human resource to achieve any desire goal. The agreement which they signed is known as joint venture agreement. Generally, the joint venture agreement serve as a partnership agreement up to some extend. The very reason is, it secures the rights of all parties as well as guide them to work together and share profit & lose collectively. People can understand a joint venture as a business arrangement where two or more parties agreeing to pool and accumulation their resources, with motive to accomplishing a particular task in a specific period of time. As a matter of fact, the need of this agreement arises for a task, a new project or any other business activity. The basic difference between a regular partnership and a joint venture is the motive and target.