Common Contracts
1 similar Joint Venture Agreement contracts
Joint venture agreement real estate pdfJoint Venture Agreement • October 13th, 2023
Updated August 21, 2023 A joint venture agreement is a legal contract that unites two or more parties, whether individuals or companies, in the pursuit of a common goal. The contract stipulates that the parties will combine their resources in order to achieve mutually beneficial ends. Reasons to Form a Joint Venture Often, the reason two parties decide to enter into a joint venture is to complete a specific project. Two companies might, for example, acknowledge that individually they lack the resources to access a particular technology that would enable a business venture to succeed. By joining together, they could share the burden of startup costs, gain access to the technology, then share in any profits generated as a result. Sometimes, the reason for forming a joint venture is more related to strategy than capital. An alliance could, for example, enable two companies that specialize in two different fields to access or dominate a new market. Another reason two companies might form a
