JOINT VENTURE AGREEMENT
This Agreement effective as of _____________________ (‘Effective Date’) is entered into by and between ______________________________ (‘Investee’) and _______________________________ (‘Agent’). Individually referred to as ‘Party’ and collectively referred to as ‘Parties’. The Parties intend to be legally bound as follows:
- Purpose. Whereas, the Agent has access to various properties around the country from different cites though his network. Whereas, the Investee needs properties to present to his Investors. Whereas, the Agent can help him access the properties. Now, therefore, the Parties agree to form a joint venture for the purpose of selling the properties.
- Payment. In consideration of the services provided by the Agent, the Investee will reimburse the Agent a commission percentage of ___________ for every transaction. The payment will be made after the completion of the transaction.
- Term. This Agreement will commence on the effective date and continue effectively for ________months. The Parties can mutually terminate the Agreement and if either Party breaches the Agreement, the other Party can initiate a termination of the Agreement.
- Confidentiality. All Parties agree that all information received from any other Party shall be used for the collective good of the transaction between the Parties and is not to be used in any way to: circumvent, eliminate, reduce or in any way diminish the role of another Party; capitalize on, leverage, or in any way benefit individually and separately over the another Party from or by the use of said information outside of the spirit and purpose of this joint venture between the Parties; compete directly or indirectly with another Party. The intent is that recipient by receiving confidential information including customer lists, etc. from the disclosing Party will not use of said information to compete with or circumvent the disclosing Party. Any current, past and future transaction shall not be disclosed to any third party and the neither party shall disclose any and all internal discussion, dispute to any third unrelated party
- Non-compete. The Investee agrees and acknowledges that they will not solicit any of the Agent’s clients or properties or transact without the knowledge of the Agent. Any actions that qualifies as solicitation will result into legal action being pursued
- Dispute Resolution. Any disputes arising between the Parties with regard to the subject matter of this Agreement shall be solved in good faith through mediation.
- Governing Law. This Agreement shall be construed and governed by the laws of the State of _____________________.
- Entirety. This Agreement embodies the full understanding and agreement between the Parties and shall supersede all other understandings, verbal or written. All statements, undertakings and representations are made without omission of any material fact, with personal, corporate and legal responsibility.
IN WITNESS WHEREOF, the parties affix their signatures as follows:
Name: __________________________
Signature: ________________________
Date: ____________________________
Name: __________________________
Signature: ________________________
Date: ____________________________
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