As an investor, this agreement encompasses everything you need to ensure that your interest is secured and it aligns with the laws of Arizona.
Take the first step towards a fruitful venture and download our comprehensive yet straightforward contract for your next real estate joint venture in Arizona.
THIS JOINT VENTURE AGREEMENTThis joint venture agreement, hereinafter referred to as the “Agreement,” is entered into this Day of Month, Year , by and between Party 1 of Address , hereinafter “First Party,” and Party 2 of Address , hereinafter “Second Party”.
THE JOINT VENTUREThe parties hereto agree to enter into a joint venture for the purpose of Purpose of the Joint Venture for a property located at Address of the Property , Arizona. This agreement shall be governed by and construed in accordance with the laws of the State of Arizona.
TERMThis Agreement shall commence on Starting Date and shall continue until Ending Date unless earlier terminated as provided herein.
CONTRIBUTIONSBoth parties agree to provide equal contributions to the joint venture, both in terms of capital investment and the provision of services, unless otherwise agreed upon in writing by both parties.
PROFITS AND LOSSESThe net profits and losses resulting from the joint venture shall be divided equally between the parties, unless otherwise agreed upon in writing by both parties.
MANAGEMENT AND CONTROLThe management and control of the joint venture shall be equally shared by the parties, unless otherwise agreed upon in writing by both parties.
DISSOLUTIONUpon termination of this Agreement, the joint venture shall be dissolved and the assets of the joint venture shall be distributed in accordance with the terms of this Agreement and the laws of the State of Arizona.
ARBITRATIONAny disputes arising out of or relating to this Agreement shall be resolved by arbitration in accordance with the rules of the American Arbitration Association, and judgment upon the award may be entered in any court having jurisdiction thereof.
ASSIGNMENTNo party may assign any rights or obligations under this Agreement without the prior written consent of the other party.
SEVERABILITYIf any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
ENTIRE AGREEMENTThis Agreement contains the entire agreement of the parties and supersedes all prior written or oral agreements, understandings, or arrangements between the parties relating to the subject matter of this Agreement. By their execution, the parties have agreed to all of the terms and conditions of this Agreement, including those terms and conditions not specifically set forth herein, which form a part of this Agreement as if fully rewritten herein. First Party: _____________________________ ________________ Signature Date Second Party: _____________________________ ________________ Signature Date
Entering a Real Estate Joint Venture Agreement in Arizona is a serious commitment. Be sure to familiarize yourself with all aspects of Arizona real estate contracts, such as the Contract for Deed Template and Contract for Rental Property.
Moreover, if you’re planning on selling property as part of your joint venture, it would be wise to also review the Contract for Sale of Real Estate in Arizona to ensure all your transactions are legally sound and beneficial for all parties involved.