A joint venture agreement is a business agreement between different business entities to create a new entity by making contributions to equity. The parties decide on a joint regulation over the entity and as a result share revenues, assets and entity expenses so formed.
Joint Ventures could be for a specific project and the venture is mentioned as a Consortium, or it could be of the continuous form. When a legal entity is made new for a fixed purpose, this can be referred as an Incorporated Joint Venture as well.
A Joint Venture Agreement help various business entities to come together and set a mutual goal. The goal could be to get market exposure for product or service, to help make a product, or to set a large event.
Joint Undertaking, Co-Venture Agreement, JV Agreement, Joint Venture Contract
They are short-term contracts between the business entities with a common goal. For instance, you are an app making company, and you decide to combine with another company which can market your app. There are several advantages for companies which combine resources to attain the same goal.
The benefits you can see in revenue, exposure to brands, resources, strategies, manufacturing and more.
By outsourcing with us, you can focus more on other aspects of your business and collaboration, while our professional team would look after generating the agreement.
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