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Joint Venture Agreement

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  • Joint Venture Agreement

Step 1 of 15 - Getting Started

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  • Getting Started

  • We have our own corporate lawyer who will prepare the Joint Venture Contract. We have made it very simple and easy. All you need to do is, filling out this step by step form, pay and submit. Our specialist will review your submitted information, will contact you if anything is missing.
  • Business location
  •  Built for Alberta
    Different provinces have different rules and regulations. Your Joint Venture Contract will be customized for Alberta
  •  Built for British Columbia
    Different provinces have different rules and regulations. Your Joint Venture Contract will be customized for British Columbia.
  •  Built for Manitoba
    Different provinces have different rules and regulations. Your Joint Venture Contract will be customized for Manitoba
  •  Built for New Brunswick
    Different provinces have different rules and regulations. Your Joint Venture Contract will be customized for New Brunswick.
  •  Built for Newfoundland and Labrador
    Different provinces have different rules and regulations. Your Joint Venture Contract will be customized for Newfoundland and Labrador.
  •  Built for the Northwest Territories
    Different provinces/territories have different rules and regulations. Your Joint Venture Contract will be customized for the Northwest Territories.
  •  Built for Nova Scotia
    Different provinces have different rules and regulations. Your Joint Venture Contract will be customized for Nova Scotia.
  •  Built for Nunavut
    Different provinces/territories have different rules and regulations. Your Joint Venture Contract will be customized for Nunavut.
  •  Built for Ontario
    Different provinces have different rules and regulations. Your Joint Venture Contract will be customized for Ontario.
  •  Built for Prince Edward Island
    Different provinces have different rules and regulations. Your Joint Venture Contract will be customized for Prince Edward Island.
  •  Built for Quebec
    Different provinces have different rules and regulations. Your Joint Venture Contract will be customized for Quebec.
  •  Built for Saskatchewan
    Different provinces have different rules and regulations. Your Joint Venture Contract will be customized for Saskatchewan.
  •  Built for the Yukon Territory
    Different provinces/territories have different rules and regulations. Your Joint Venture Contract will be customized for the Yukon Territory.
  • Type of Joint Venture
  • Guidelines

  • What is a Joint Venture Agreement?
    Joint Venture Agreement is an agreement between you and your partners that sets out the duties and obligations of the partners to each other and to the joint venture. Your Joint Venture Agreement does not have to be filed or registered.
  • How do I choose the place of business?
    Select the province in which the joint venture will primarily do business. The laws of the province you select will be used to develop this agreement.
  • Name & Address

  • Guidelines

  • How do I choose a business name?
    Choose a business name that is unique and different from any other existing business name. Click here for name rules.
  • Purpose

  • Start and End Date

  • Date Format: MM slash DD slash YYYY
  • Date Format: MM slash DD slash YYYY
  • Guidelines

  • How do I choose a business name?
    Choose a business name that is unique and different from any other existing business name.
  • Primary Member Information

  • Second Member Information

  • Third Member Information

  • Fourth Member Information

  • Fifth Member Information

  • Guidelines

  • Who can be a member?
    A member can be a person (individual), or a business entity such as a corporation or a partnership.
  • Primary Member Contributions

  • Second Member

  • Third Member

  • Fourth Member

  • Fifth Member

  • Guidelines

  • What is meant by capital contribution?
    Capital contributions could include cash, resources, or services. Provide an accurate description including quantities and amounts.
  • Primary Member Duties to be Performed

  • Second Member

  • Third Member

  • Fourth Member

  • Fifth Member

  • Guidelines

  • What type of duties should be identified?
    Enter the duties specific to each member. Some members may be providing research and management skills while other members may be providing only equipment or funding.
  • Profit and Loss Distribution

  • Provide the share of profit or loss for each member:

  • Guidelines

  • What is the difference between equal share and fixed percentage distribution?
    Distributions:
    • Equal share - is where profits (or losses) are distributed equally among members;
    • Fixed percentage - is where profits (or losses) are distributed as a fixed proportion or percent share of the total profits (or losses).
  • Member Meetings & Voting

  • Business Management

  • Guidelines

  • What is a management committee?
    Each member will provide one or more representatives. These representatives will make up the management committee. Each representative will have the authority to bind their respective member in decisions relating to the venture. The management committee may appoint one or more business managers.
  • What is a board of directors?
    The board of directors will decide major issues concerning the venture. Individual directors are appointed by agreement between all members. The board of directors and each individual director will have a primary duty to the best interest of the venture and not directly to any individual member. The board of directors may appoint one or more managers.
  • Dissolving the Joint Venture

  • Guidelines

  • How is a joint venture dissolved?
    You can end your joint venture by vote, or the members can agree in advance that the joint venture will end on a specified date (fixed term joint venture).
  • Sell or Assign Member Interest

  • Non-compete

  • Guidelines

  • What is a non-compete clause?
    A non-compete clause restricts the receiving party from starting a competing company or disclosing confidential information to competitors. It’s important to note that it cannot prevent people from working for competitors.
  • What are the limits of enforceability?
    -If your restriction is broader or longer than the court feels is reasonable, a judge may strike the clause from the contract, or in some jurisdictions, may reduce the clause to be reasonable.
    -However, you should not rely on a judge to rewrite your clause. You should ensure that your restriction is reasonable.
  • Confidentiality

  • Guidelines

  • What information is considered confidential?
    -Confidential information would include all information that is provided by one of the members to the joint venture that is not common knowledge or already in the public domain.
    Confidential information does NOT include the following:
    • Information that is already known in the industry
    • Information that becomes publicly known through no fault of the recipient
    • Information already rightfully in the possession of the recipient
    • Information created by the recipient through independent research
    • Information rightfully disclosed and obtained from a third party
  • What are the duties of confidentiality?
    Duties of confidentiality are the obligations put on each of the members to not reveal any secret or proprietary information shared with the venture by any of the other members. These duties can extend beyond the formal end of this agreement.
  • Mediation and Arbitration

  • Additional Clauses

  • Guidelines

  • What is the difference between mediation and arbitration?
    Mediationis a non-adversarial process where a neutral third party (mediator) helps resolve a dispute. The mediator does not have the power to impose a decision on the parties. If a satisfactory resolution cannot be reached, then the parties may have to use an alternate method of dispute resolution, or possibly a lawsuit.
    Arbitrationis a method of alternative dispute resolution in which the disputing parties agree to abide by the decision of an impartial arbitrator. The parties work together to select an arbitrator. When parties submit to arbitration, the decision of the arbitrator is final and binding.
  • How should I write my clause?
    Use plain English. This will reduce confusion. Each extra clause should be one paragraph only.
  • Defined Terms
    Defined Terms:
    • Use of defined terms reduces the possibility of ambiguity in interpreting the document.
    • By legal writing convention terms are defined when they first appear by use of brackets, parentheses and initial capital, e.g. (the "Agreement").
    • Thereafter that word with an initial capital carries the meaning of the defined term.
  • Additional writing tips
    Additional tips:
    • Always use the same name when describing a person or object more than once.
    • Don’t address or contradict an issue that has already been answered in the questionnaire.
    • Don't use "I", "us", "we", "you" or "they" when referring to the parties to the contract. This is ambiguous and confusing.
    • Don’t abbreviate words.
    • Spell-check.
  • Signing Details

  • Date Format: MM slash DD slash YYYY
  • Price: $ 299.00 CAD
  • Guidelines

  • Do I need to file my Joint Venture Agreement?
    You do not need to file your Joint Venture Agreement. Your Joint Venture Agreement is simply an agreement between the members.
  • Are witnesses necessary?
    -It is a good idea to have your signatures witnessed even though most documents and contracts do not require a witness for them to be legally valid.
    -Many banks and other institutions have their own internal policies about signing requirements and may refuse to accept documents that are not witnessed regardless of the fact that the documents are legally valid. If you want to avoid bureaucratic hold-ups, it may be a good idea to have your document witnessed.
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