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

Welcome to the dedicated page for the Real Estate Joint Venture Agreement Maryland.
Here, you can find a comprehensive, legally sound contract tailored specifically for real estate investment in Maryland.
This arrangement captures a collaborative partnership between two parties willing to embark on a cooperative venture in property development or land development.
A joint venture agreement represents a critical business arrangement that ensures a clear, mutual understanding of each party’s role and responsibilities.
The contract available on this page is downloadable and fully editable to cater to your specific needs.

THIS JOINT VENTURE AGREEMENT

This Joint Venture Agreement (“Agreement”) is made and entered into this ______ day of ________, 20______, by and between __________ (hereinafter “Party A”) and __________ (hereinafter “Party B”), both of whom are duly authorized and capable of entering into this Agreement.

RECITALS

Both Party A and Party B are interested in forming a joint venture for the purposes of real estate investment, development, and management in the state of Maryland.

AGREEMENT

In consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

1. FORMATION OF THE JOINT VENTURE

Party A and Party B hereby form a joint venture according to the terms and conditions contained in this Agreement and in conformity with the laws of the state of Maryland.

2. NAME OF THE JOINT VENTURE

The name of the Joint Venture shall be __________.

3. PURPOSE OF THE JOINT VENTURE

The purpose of this joint venture is to acquire, develop, manage, and sell real estate properties located in the state of Maryland.

4. CONTRIBUTIONS

Party A and Party B shall each contribute __________ as an initial contribution to the joint venture.

5. MANAGEMENT AND CONTROL

Management and control of the Joint Venture shall be divided equally between Party A and Party B.

6. PROFITS AND LOSSES

All profits and losses shall be divided equally between Party A and Party B.

7. DURATION AND TERMINATION

This Joint Venture shall exist until __________ unless terminated earlier by mutual agreement of the parties.

8. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the state of Maryland.

9. DISPUTE RESOLUTION

In the event of any dispute, claim, question, or disagreement arising from or relating to this Agreement or the breach thereof, the parties hereto shall use their best efforts to settle the dispute, claim, question, or disagreement.

10. INDEMNIFICATION

Each party agrees to indemnify and hold harmless the other party against any and all losses, damages, liabilities, and expenses that may arise from any act or omission of the indemnifying party.

11. ENTIRE AGREEMENT

This Agreement contains the entire agreement of the parties with respect to the subject matter of this Agreement, and supersedes all prior negotiations, agreements and understandings with respect thereto.

12. MODIFICATION

This Agreement may be modified only by a written agreement executed by both parties hereto.

13. BINDING EFFECT

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

14. COUNTERPARTS

This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. ______________________ ______________________ Party A Party B Date:______ Date:______

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If you’re considering a property transaction in the Old Line State, you’ll find useful legal documents on ClauseClip, such as the Contract for Deed Template Maryland.
This pairs well with the information you’ll find in this post on Real Estate Joint Venture Agreement Maryland.
Planning to lease a property? Check out our Contract for Rental Property Maryland, which could be an indispensable resource.
In addition, if you’re in the process of selling your property, you might want to take a look at our Contract for Sale of Real Estate in Maryland. Each of these resources could help ensure your transactions are legally sound and safeguarded.
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