Joint Venture Agreement

JOINT VENTURE AGREEMENT This Agreement is executed on [effective_date] between [party_1_name] and [party_2_name] (together "the Parties"), who have agreed to enter into a joint venture as set out below. 1. PURPOSE The Parties are entering into this joint venture for the purpose of [venture_purpose]. 2. CONTRIBUTIONS [contribution_details] 3. PROFIT AND LOSS SHARING Profits and losses of the joint venture shall be shared in the ratio of [profit_sharing]. 4. MANAGEMENT The Parties shall jointly manage the venture, with major decisions requiring mutual written consent, unless otherwise agreed in a separate management schedule. 5. TERM AND TERMINATION This joint venture shall continue until its purpose is achieved or until terminated by mutual written consent. IN WITNESS WHEREOF the Parties have executed this Agreement on the date first written above. [party_1_name] [party_2_name]