REAL ESTATE JOINT VENTURE AGREEMENTThis Real Estate Joint Venture Agreement (the “Agreement”) is made and entered into this _______ day of ________________, 20______ (the “Effective Date”), by and between ____________________________________, a Kansas corporation, having its principal office at ____________________________________, Kansas (“Party A”) and ____________________________________, a Kansas corporation, having its principal office at ____________________________________, Kansas (“Party B”). Both parties shall collectively be referred to as the “Parties” and individually as a “Party”.
RECITALSA. Party A is engaged in the business of real estate development, and Party B has knowledge, expertise, and experience in real estate construction. B. The Parties desire to establish a joint venture for the purpose of developing a certain property located in the State of Kansas. NOW, THEREFORE, in consideration of the promises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:
ARTICLE 1: DEFINITIONS AND INTERPRETATION1.1 Definitions: In this Agreement, unless the context otherwise requires, the following expressions shall have the following meanings: 1.2 Interpretation: In this Agreement, unless the context otherwise requires,
ARTICLE 2: CONSTITUTION OF THE VENTURE2.1 Joint Venture: The Parties hereby agree to form a joint venture for the purpose of ____________.
ARTICLE 3: TERM OF THE AGREEMENT3.1 Commencement and Duration: This Agreement shall commence on the Effective Date and shall continue in full force and effect until the completion of the Project, unless earlier terminated in accordance with the provisions of this Agreement.
ARTICLE 4: CONTRIBUTION OF EACH PARTY4.1 Contribution of Party A: Party A shall contribute _____________. 4.2 Contribution of Party B: Party B shall contribute _____________.
ARTICLE 5: PROFIT AND LOSS SHARING5.1 Sharing of Profits and Losses: The net profits and losses of the Joint Venture will be divided amongst the Parties in proportion to their respective interests in the Joint Venture.
ARTICLE 6: MANAGEMENT AND CONTROL6.1 Management: The management of the Joint Venture shall be vested in ________.
ARTICLE 7: TERMINATION7.1 Termination: This Agreement may be terminated by ___________.
ARTICLE 8: GOVERNING LAW AND JURISDICTION8.1 Governing Law: This Agreement shall be governed by and interpreted in accordance with the laws of the State of Kansas. 8.2 Jurisdiction: The Parties agree to submit to the exclusive jurisdiction of the courts in Kansas. IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Effective Date. _____________________________ _____________________________ Name of Party A Name of Party B _____________________________ _____________________________ Signature Signature _____________________________ _____________________________ Date Date NOTE: This is a general agreement and may need specific provisions as per the specific joint venture and local laws. Please consult with a local attorney before using this agreement.
If you’re gearing up for a real estate transaction in Kansas, consider starting with a Real Estate Joint Venture Agreement. This foundational document brings clarity and structure to partnerships.
You may also want to refer to the Contract for Deed Template Kansas, which offers a legally sound structure for property sale via installments.
Are you considering renting out your property? Then, check out the Contract for Rental Property Kansas. It includes essential details to protect both landlord and tenant rights.
Lastly, if you’re preparing for a straightforward real estate sale, use the Contract for Sale of Real Estate in Kansas to ensure every detail is covered.