JOINT VENTURE AGREEMENT
This Joint Venture Agreement ("Agreement") is made and entered into this ___ day of ________, 20,
by and between:
1. [Company Name], a company incorporated under the laws of [Country/State], having its
registered office at [Address], hereinafter referred to as "Partner 1";
2. [Company Name], a company incorporated under the laws of [Country/State], having its
registered office at [Address], hereinafter referred to as "Partner 2";
(Collectively referred to as the "Parties" and individually as a "Party").
1. PURPOSE OF JOINT VENTURE The Parties hereby form a Joint Venture ("JV") for the purpose of
jointly bidding for and executing the project titled [Project Name], Tender No. [Tender Number],
issued by [Tendering Authority].
2. NAME AND ADDRESS OF THE JOINT VENTURE The JV shall operate under the name [Joint Venture
Name], with its principal place of business at [JV Address].
3. SCOPE OF WORK The scope of work to be executed under this JV includes but is not limited to:
[Scope of Work 1]
[Scope of Work 2]
[Scope of Work 3]
4. RESPONSIBILITIES OF PARTIES Each Party shall be responsible for specific roles in the execution of
the project as follows:
Partner 1: [Roles and Responsibilities]
Partner 2: [Roles and Responsibilities]
5. SHAREHOLDING AND PROFIT-SHARING RATIO The profit and loss of the JV shall be shared in the
following ratio:
Partner 1: ___%
Partner 2: ___%
6. MANAGEMENT AND CONTROL The JV shall be managed by a Joint Management Committee
("JMC") consisting of representatives from both Parties. The decisions shall be made based on
mutual consent.
7. BANK ACCOUNT A separate JV bank account shall be opened at [Bank Name] for managing
financial transactions related to the project.
8. DURATION AND TERMINATION This Agreement shall remain valid until the completion of the
project, unless extended by mutual agreement. The Agreement may be terminated under the
following conditions:
Completion of the project.
Mutual agreement of the Parties.
Breach of contract by any Party.
9. DISPUTE RESOLUTION Any dispute arising out of this Agreement shall be resolved through mutual
discussions. If unresolved, it shall be referred to arbitration as per the rules of [Arbitration
Authority].
10. GOVERNING LAW This Agreement shall be governed by and construed in accordance with the
laws of [Jurisdiction].
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year first
above written.
Signed and Sealed:
For Partner 1:
Authorized Signatory: ________________
Name: _______________________________
Designation: _________________________
Date: ________________________________
For Partner 2:
Authorized Signatory: ________________
Name: _______________________________
Designation: _________________________
Date: ________________________________
