Real Estate Joint Venture Agreement (Arkansas): FREE Template To Download, Edit & Use

Welcome to our dedicated page for Real Estate Joint Venture Agreement Arkansas. This legal contract can be utilized as an effective tool for a business collaboration, specifically dealing with property investment in Arkansas.
The agreement outlines the terms and conditions of the partnership, focusing on matters pertaining to real estate development and property ownership.
We have provided a comprehensive and editable document that you can download for your convenience. Whether you’re venturing into a new real estate project or furthering your existing interests, this agreement is designed to secure your partnership in an organized manner.

THIS JOINT VENTURE AGREEMENT

This Joint Venture Agreement (“Agreement”) is made and entered into by and between ___________ (“Party A”), and ___________ (“Party B”) (collectively, “Parties”), each a “Party” and collectively the “Parties,” and is effective as of ___________ (the “Effective Date”). Each Party’s name and the Effective Date will need to be entered here.

PROPERTY

The property that is subject to this Agreement is located at ___________, Arkansas (the “Property”). The address or legal description of the property needs to be entered here.

PURPOSE

The purpose of this Agreement is to set forth the terms and conditions under which the Parties will jointly acquire, develop, operate, and sell the Property.

FORMATION OF JOINT VENTURE

The Parties hereby form a joint venture pursuant to Arkansas Code Title 4. Business and Commercial Law ยง 4-32-301 and agree to the terms and conditions set forth in this Agreement.

TERM

The term of this Agreement shall commence on the Effective Date and shall continue until the Property is sold or until otherwise terminated in accordance with the provisions of this Agreement.

CONTRIBUTIONS

Party A agrees to contribute ___________ and Party B agrees to contribute ___________ to the joint venture. Each Party’s contributions need to be detailed here.

MANAGEMENT AND CONTROL

The management, control, and operation of the Joint Venture shall be vested in Party A and Party B. Decisions shall be made by a majority vote.

DISTRIBUTION OF PROFITS AND LOSSES

Profits and losses shall be distributed to the Parties in proportion to their respective contributions as set forth above.

DISSOLUTION OF JOINT VENTURE

The Joint Venture shall be dissolved upon the sale of the Property or upon agreement of the Parties.

DISPUTE RESOLUTION

Any disputes arising under this Agreement shall be resolved in accordance with the laws of the State of Arkansas.

AGREEMENT BINDING ON SUCCESSORS

This Agreement shall be binding on and shall inure to the benefit of the Parties and their respective heirs, executors, administrators, successors, and assigns.

INDEMNIFICATION

Each Party shall indemnify and hold harmless the other Party from and against any and all claims, demands, losses, liabilities, damages, costs, and expenses arising out of or in connection with any breach of this Agreement by such Party.

ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written. Each Party’s Signature and Date need to be added below. _______________________ ___________ Signature of Party A Date _______________________ ___________ Signature of Party B Date This Agreement is executed in the State of Arkansas and shall be governed by Arkansas law. The Parties acknowledge that they have read and understood the terms of this Agreement and have had the opportunity to consult with legal counsel.

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If you’re looking to solidify real estate business partnerships in Arkansas, consider our Real Estate Joint Venture Agreement.
This complements well with our other legal resources such as Contract for Deed Template and the Contract for Rental Property.
For those interested in purchasing property, our Contract for Sale of Real Estate is a great resource to have on hand.
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