You can conveniently download and tailor this agreement according to your specific needs. So get started on your joint venture today and create a solid foundation for your enterprise in the dynamic world of real estate.
THIS JOINT VENTURE AGREEMENTTHIS AGREEMENT is made and entered into this __ day of ____, 20__, by and between Party 1, a [insert type of entity and state of formation/registration], whose address is [insert address], and Party 2, a [insert type of entity and state of formation/registration], whose address is [insert address].
ARTICLE I – DEFINITIONSThe following terms shall have the meanings ascribed to them in this Article: “Joint Venture”: refers to the joint venture formed by Party 1 and Party 2 for the purposes set forth herein.
ARTICLE II – FORMATION OF JOINT VENTUREParty 1 and Party 2 hereby form a Joint Venture under the laws of the State of Mississippi for the purpose of [insert purpose].
ARTICLE III – TERMThe term of this Agreement shall commence on [insert date] and shall continue until [insert end date] unless sooner terminated as provided herein.
ARTICLE IV – CONTRIBUTIONSParty 1 and Party 2 agree to contribute [insert contributions] to the Joint Venture.
ARTICLE V – ALLOCATION OF PROFITS AND LOSSESProfits and losses of the Joint Venture shall be allocated as follows: [insert allocation].
ARTICLE VI – MANAGEMENT AND CONTROLThe management and control of the Joint Venture shall be [insert management and control].
ARTICLE VII – DISSOLUTIONUpon the occurrence of any event causing the dissolution of the Joint Venture, the Joint Venture shall be wound up in accordance with the laws of the State of Mississippi.
ARTICLE VIII – REPRESENTATIONS AND WARRANTIESEach party represents and warrants to the other that it has the full right, power, and authority to enter into and perform its obligations under this Agreement.
ARTICLE IX – INDEMNIFICATIONEach party agrees to indemnify and hold harmless the other party from and against any and all losses, damages, liabilities, costs, and expenses arising out of or relating to any breach of this Agreement by the indemnifying party.
ARTICLE X – GOVERNING LAWThis Agreement shall be governed by and construed in accordance with the laws of the State of Mississippi.
ARTICLE XI – ENTIRE AGREEMENTThis Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written. IN WITNESS WHEREOF, the parties have executed this Joint Venture Agreement as of the date first above written. ______________________ ______________________ Name of Party 1 Name of Party 2
For those in need of a comprehensive guideline to establish a Real Estate Joint Venture Agreement in Mississippi, we provide the necessary resources to fulfill your requirements. If you’re planning to make a purchase, our Contract for Sale of Real Estate in Mississippi is tailored specifically for you.
Similarly, individuals seeking to rent properties would find our Contract for Rental Property in Mississippi extremely useful and informative.
Lastly, if you’re aiming to acquire property through a deed, you will find our Contract for Deed Template in Mississippi beneficial. These documents can significantly streamline the process and clarify legal procedures when it comes to real estate undertakings in Mississippi.