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Joint Venture Agreement
NextGen Docs form ND-1125. Search ND-1125 on docs.ngz.ca to make this document again.
Two businesses or people team up on one project: who puts in what, who decides, and how profits are split.
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What you will fill in
- First party: name and address
- Second party: name and address
- What is the joint project?
- What does the first party put in?
- What does the second party put in?
- How are profits and losses shared?
- Who runs the project day to day?
- Should neither party do a competing project in the same area?
- Which province's laws apply?
- Date of this agreement
Good to know
- Sharing profits can make a court treat you as a partnership (each partner liable for all debts) under the Partnerships Act. For a big project, many people form a new corporation owned by both sides.
- Open a separate bank account for the project, and require two signatures for large payments.
- Agree in writing how either side can get out if the project stalls: buy-out price, or sell and split.
Help in your language
Every question comes with help like this. For example, “First party: name and address”:
English: For example: Sandhu Construction Ltd., 12 King St, Brampton.
اردو: پہلی پارٹی کا نام اور پتہ۔
ਪੰਜਾਬੀ: ਪਹਿਲੀ ਧਿਰ ਦਾ ਨਾਮ ਅਤੇ ਪਤਾ।
हिन्दी: पहली पार्टी का नाम और पता।
Français: Par exemple : Sandhu Construction Ltd., 12, rue King, Brampton.
Questions people ask
How much does the Joint Venture Agreement cost?
It is free to fill in and preview. To download it, buy just this one for $2.99 or use a plan (Monthly $9.99, or Yearly $79); new accounts get 7 days free with no card needed.
Can I fill in the Joint Venture Agreement in Urdu, Punjabi, Hindi or French?
Yes. The finished document is in English, but every question has plain help in English, Urdu, Punjabi, Hindi and French, and you can speak your answers.
Do I need a lawyer?
Many people use this document on their own. If your situation is complicated, or a lot of money or your home is involved, talk to a lawyer or licensed paralegal. In Ontario, the Law Society Referral Service (findlegalhelp.ca) gives a free 30-minute consultation.
Is my information private?
Only you can see your answers. They are saved on your device, and in your own account if you sign in, so you can finish on another device. NextGen Docs is not a law firm and does not give legal advice.