Looking for an unincorporated joint venture or consortium agreement for a specific project? Our agreement covers 5 parties with no indemnity between participants, perfect for providing services to a client in a specific jurisdiction.
Fill in the details of the parties. You can click the "Fill with Member’s Information" button to complete it with information saved to your account.
Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the "Next" button.
When you are done, click the "Get Document" button and you can download the document in Word or PDF format.
Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document.
This joint venture agreement is a legal document entered into by five parties on the current date for a specific purpose. The document includes the interpretation of terms used in the agreement and schedules that form part of it. It outlines the intention of the JV Leader to engage in a particular venture and the agreement of the four other parties to form a joint venture. The purpose of the joint venture is to provide required services.
The document defines key terms such as "Agreement," "Client," "Defaulting Participant," "Invitation," "Joint Venture," "JV Leader," "Local Representative," "Participants," "Participant's Representative," "Month," "Policy Committee," "Proposal," "Project," "Services," "Services Agreement," "Services Manager," and "Works." The agreement also states that the use of the singular form of a word includes the plural form, and the headings included in the document are for convenience and do not affect its interpretation.
The participants agree to establish a joint venture under the name of [JV_NAME] for the purpose of preparing and submitting a proposal to the client, providing any additional information required by the client, negotiating with the client, entering into a services agreement with the client, and performing all services related to the project. The JV Leader and representative of the joint venture are appointed under the agreement, and the addresses of the joint venture are confirmed in Schedule 1.
The agreement requires the participants to use reasonable endeavours to obtain the award of the services agreement from the client in accordance with the conditions of the invitation or such conditions as agreed by the client and joint venture. Participants are expected to use reasonable skill, care, and diligence in the performance of the services and are entitled to fair and reasonable remuneration. The participants agree to indemnify each other against any losses, damages, or expenses arising from any breach of the agreement, negligence, or misconduct.
The agreement also outlines the procedure for resolving disputes between participants and termination of the agreement in case of default by any participant or completion of the project. It specifies that the law governing the agreement will be the law of the jurisdiction where the joint venture is based.
In conclusion, the joint venture agreement outlines the terms and conditions for five parties to form a joint venture for a specific project. It sets out the responsibilities of each participant, including the JV Leader, in the project and outlines the procedure for resolving disputes and terminating the agreement.
1. Understand the parties involved: The Joint Venture Agreement involves five parties, which include the JV leader and four other participants.
2. Interpretation: The document starts with an interpretation of the terms used in the agreement. You should understand these terms to help you grasp the content of the document.
3. Joint Venture: The Participants (five parties involved) have agreed to form a joint venture to provide the required services. The document describes the purpose of the Joint Venture, which includes preparing and submitting a proposal to the client.
4. Proposal Submission: The Joint Venture Agreement provides the procedure for the submission of a proposal to the client. You should follow this procedure to avoid any issues with the client.
5. Appointments: The document appoints the JV Leader, Representative of the Joint Venture, and Local Representative.
6. Changes in Parties: The Joint Venture Agreement outlines what happens if a Participant changes its name or merges with another company or partnership. This information can be useful if any party involved in the agreement undergoes a change.
To use this document, it is essential to understand the content of the agreement fully. Additionally, following the outlined steps in the agreement will help ensure that the Joint Venture Agreement proceeds smoothly.