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Submitted by dgoat689 on May 12, 2006
Category: Business
Words: 2295 | Pages: 10
Views: 237
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JOINT VENTURE AGREEMENT
THIS JOINT VENTURE AGREEMENT (the "Agreement") made and entered into this 17th day of January, 2006 (the "Execution Date")
BETWEEN
OF THE FIRST PART
And
(Your Name) of (Your Address)
OF THE SECOND PART
(Individually the "Member" and collectively the "Members").
BACKGROUND:
A. The Members wish to enter into an association of mutual benefit and agree to jointly invest and set up a joint venture enterprise.
B. The terms and conditions of this Agreement sets out the terms and conditions governing this association.
IN CONSIDERATION OF and as a condition of the Members entering into this Agreement and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged, the parties to this Agreement agree as follows:
Formation
1. By this Agreement the Members enter into a joint venture (the "Venture") in accordance with the laws of the State of California. The rights and obligations of the Members will be as stated in the applicable legislation of the State of California (the 'Act') except as otherwise provided here.
Name
2. The business name of the Venture will be (Property Address) Acquisition.
Purpose
3. The exclusive purpose of the Venture will be: Real Estate Acquisition.
Term
4. The Venture will begin on January 17th, 2006 and will continue to be effective and in full force for 120 days or until terminated as provided in this Agreement.
Place of Business
5. The principal office and legal address of the business of the Venture will be located at ____________________________________________or such other place as the Members may from time to time designate.
6. _________________and (Your Name) will decide major issues concerning the Venture. Unanimous approval will be required where...
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