A joint venture is when two or more parties collaborate in a project or business endeavor. Normally when these parties work together, they still would continue to run their own individual businesses. This type of technical or financial collaboration is either in the form of projects or alliances with other companies. In some cases, joint ventures would compromise two or more individuals, shareholders or companies could be a non-resident, would come together to form a public or limited company. But how is capital arranged and profit divided? By creating a joint venture shareholders agreement or simply a joint venture agreement. You need a solid and valid document to ensure that the terms of the joint venture between shareholders are clearly defined to protect the interest of the parties involved and to avoid any disputes. To learn more about this, let us discuss this further below. And if you need to prepare a joint venture agreement, we’ve got a list of comprehensive joint venture agreement samples that are available for download on this page.
