This document outlines a Joint Venture Agreement between two parties, one being the JV Leader and the other being Participant 1, with the intention of forming a joint venture to provide specific services. The agreement outlines the interpretation and definitions of specific terms within the document, as well as the joint venture's purpose, establishment, and appointment of the JV Leader.

The Participants' responsibilities are highlighted within the agreement, including the preparation and submission of a proposal, and the JV Leader's role in co-ordinating the proposal submission to the Client. Additionally, the document outlines the Participants' obligations to perform their functions with skill, care, and diligence and communicate any changes that may arise.

The agreement establishes the necessary framework for the joint venture and outlines the Participants' responsibilities to each other and the Client. It is important to note that once the proposal has been submitted, changes can only be made if permitted by the Client. The Joint Venture formed will be an unincorporated association and will have to perform all services agreed upon under the Services Agreement.

The document serves as a legal contract for the Participants, providing clarity on the scope of work, expectations, and the establishment of the Joint Venture. The agreement ensures that both parties understand their roles and obligations, and that the services agreed upon will be completed with due care and diligence.

How to use this document?

This is a guide to using a joint venture agreement. A joint venture is a partnership between two or more entities for a specific business purpose. In this document, Party 1, referred to as the JV Leader, and Party 2, referred to as Participant 1, are forming a joint venture. The agreement outlines the terms and conditions of the partnership.

To use this document effectively, follow these steps:

1. Familiarise yourself with the agreement: Read through the document carefully to understand the terms and definitions.

2. Identify the parties: Parties 1 and 2 are identified in the agreement. Make sure that you understand who these parties are and what their roles are in the joint venture.

3. Understand the purpose of the joint venture: The joint venture has a specific purpose, outlined in clause 2.1. Make sure that you understand what the purpose is before proceeding.

4. Understand the proposal submission process: The proposal submission process is outlined in clause 3. Make sure that you understand the process and what is expected of each party.

5. Know the terms and conditions of the agreement: The terms and conditions of the agreement are outlined in clause 1. Make sure that you understand each term and condition before agreeing to the partnership.

6. Seek legal advice: If you have any questions or concerns about the agreement, seek legal advice before proceeding.

By following these steps, you can effectively use this joint venture agreement. Remember to read through the document carefully and seek legal advice if needed.