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This document outlines an unincorporated joint venture/consortium agreement between a JV leader and participants to provide services for a specific project in a particular jurisdiction. The agreement is designed for 4 parties with full indemnity between them.
The document covers various aspects of the joint venture, including the production of documents, access to work, and circulation of information. All documents produced by any participant will bear the name of the joint venture. Additionally, any documents submitted to the client or third parties must be signed by the Services Manager, except for those concerning the interpretation of the Services Agreement or alterations to its terms or services to be performed.
Each participant will have unrestricted access to any work carried out by the participants. All documents submitted to the client by any participant will be circulated to the other participants as soon as reasonably practicable following submission. Participants are also required to keep confidential any information obtained through participation in the joint venture, except for certain situations like if it becomes public knowledge or if it must be disclosed for the proper performance of the services.
Participants are not allowed to use photographs or other data describing the project in promoting their own business without the approval of the other participants. The copyright in documents produced by a participant is granted to the participants, and each participant licenses the others to use and reproduce the documents.
The agreement also includes provisions for indemnification, where each participant will indemnify the other participants against claims, liabilities, damages, costs, and expenses sustained as a result of reusing designs, drawings, and other documents produced for the project or other projects.
Overall, this unincorporated joint venture/consortium agreement is designed to facilitate the collaboration of multiple parties to provide services for a specific project. With clear guidelines for the production and circulation of documents, access to work, and confidentiality, this agreement provides a framework for a successful joint venture.
Here are the steps on how to use the unincorporated joint venture/consortium agreement with a JV leader and participants:
1. Read the document carefully: The JV Leader and Participants should carefully read and understand all the terms and conditions of the agreement before proceeding.
2. Sign and return a copy: Once both parties are satisfied with the agreement, they should sign and return a copy of the document.
3. Get a copy of the signed agreement: Both parties should keep a copy of the signed agreement for their records.
4. Have signatures witnessed: To avoid any future disputes, both parties may wish to have their signatures witnessed.
5. Obtain agreement for any amendments: If either party wishes to amend the agreement in the future, both parties should agree to do so. Any changes should be recorded in writing and signed by both parties.
By following these steps, both the JV Leader and Participants can ensure that they are complying with the terms and conditions of the agreement and that their interests are protected. It is essential to understand the full implications of the document, which outlines the responsibilities and rights of both parties. This document is suitable for a joint venture arrangement where participants provide services for a specific project, and it's essential to have full indemnity between the parties. Therefore, careful consideration should be given to the document, and legal advice may be necessary.