Joint Venture Agreement (Australia)
The Joint Venture Agreement is an agreement made between two parties, typically companies, entering into a partnership agreement to create a joint venture company.
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A joint venture involves the formation of a business that is owned and operated by two other companies. The form covers certain responsibilities and obligations of each party, the management structure of the JV business that is formed between the companies (including the creation of a management committee), board members and meetings, voting, the term of the JV, and other contractual terms and conditions. The contract creating the joint venture partnership covers distributions of profits, the shares and interests of the parties, the roles and services provided by each party, and other terms. Ultimately, this joint venture agreement template is an excellent form to be used by businesses establishing a JV.
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