Joint Venture Agreement

Document Type
DOCX
Pages
5
Price: KES 400
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Document Overview

A Joint Venture Agreement is a legal contract between two or more parties who agree to combine their resources, skills, or capital to undertake a specific business project or venture while remaining independent entities.

The main purposes are to:
- Define contributions (cash, property, expertise, or labour) by each party.
- Clarify profit and ownership sharing between the parties.
- Outline governance and decision-making mechanisms.
- Ensure legal protection and define liability limits.
- Provide clear exit or termination terms in case of completion or disagreement.
- Promote accountability and transparency in shared business operations.
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