Joint Venture Agreements

A Joint Venture Agreement is a legal contract between two or more parties who agree to collaborate on a specific project or business activity. Each party contributes resources, such as capital, expertise, or technology, and shares in the profits, risks, and responsibilities. Unlike a merger, the parties remain distinct entities. Joint ventures are often formed for a limited time to achieve a particular goal, like developing a new product or entering a new market. This agreement outlines the terms, management structure, decision-making processes, and how profits and losses will be shared.