Joint Venture Contract
JOINT VENTURE CONTRACT
THIS JOINT VENTURE AGREEMENT (the "Agreement”), made and entered into as of this _(1)_ day of
______(2)______, 20_(3)_, by and between _______(4)_______ of _____(5)_____ (hereinafter "____________")
and _____(6)______ of _____(7)______ (hereinafter "____________").
ARTICLE I - GENERAL PROVISIONS
1.01 Business Purpose. The business of the Joint Venture shall be as follows:
(Describe Business Purpose)
1.02 Term of the Agreement. This Joint Venture shall commence on the date first above written and shall
continue in existence until terminated, liquidated, or dissolved by law or as hereinafter provided.
ARTICLE II - GENERAL DEFINITIONS
The following comprise the general definitions of terms utilized in this Agreement:
2.01 Affiliate. An Affiliate of an entity is a person that, directly or indirectly through one or more
intermediaries, controls, is controlled by or is under common control of such entity.
2.02 Capital Contribution(s). The capital contribution to the Joint Venture actually made by the parties,
including property, cash and any additional capital contributions made.
2.03 Profits and Losses. Any income or loss of the Partnership for federal income tax purposes determined
by the Partnership's fiscal year, including, without limitation, each item of
Partnership income, gain, loss or deduction.
ARTICLE III - OBLIGATIONS OF THE JOINT VENTURERS
______(8)________ is responsible for all operations and decisions of the Joint Venture and will be
compensated for providing various services.
ARTICLE IV - ALLOCATIONS
4.01 Profits and Losses. Commencing on the date hereof and ending on the termination of the business of
the Joint Venture, all profits, losses and other allocations to the Joint Venture shall be allocated as follows at the
conclusion of each fiscal year:
_____________ . . . . . . . . _(9)_%
_____________ . . . . . . . . . (10)_%
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