Welcome to our dedicated page for the Real Estate Joint Venture Agreement Rhode Island. This is a pivotal resource for those looking to form a real estate partnership or a collaborative agreement as part of their property investment collaboration. Whether you are considering a cooperative venture or seeking a business alliance in real estate, our downloadable and editable contract will serve as an essential guide. With this resource, we aim to simplify the complexities tied to the Rhode Island real estate collaboration, joint ownership agreements, and strategic partnerships in the real estate sector. Please feel free to download and tailor this agreement to suit your unique needs.
REAL ESTATE JOINT VENTURE AGREEMENT
This Real Estate Joint Venture Agreement (“Agreement”) is made and entered into this ______ day of ________, 20___, by and between __________ (hereinafter referred to as “Party A”) and __________ (hereinafter referred to as “Party B”) (collectively referred to as the “Parties”).
ARTICLE I: FORMATION OF JOINT VENTURE
The Parties hereby form a joint venture pursuant to the Rhode Island Uniform Securities Act and the Rhode Island General Laws, in accordance with the terms and conditions of this Agreement.
ARTICLE II: PURPOSE OF JOINT VENTURE
The joint venture is established for the sole purpose of acquiring, developing, and selling a specific real estate property located at __________ (the “Property”).
ARTICLE III: CONTRIBUTIONS
Party A shall contribute the following: __________
Party B shall contribute the following: __________
ARTICLE IV: PROFITS AND LOSSES
Profits and losses shall be allocated as follows: __________
ARTICLE V: MANAGEMENT AND CONTROL
Management and control of the joint venture shall be as follows: __________
ARTICLE VI: DISSOLUTION
The joint venture shall be dissolved upon the occurrence of the following events: __________
ARTICLE VII: DISPUTE RESOLUTION
Any disputes arising out of or related to this Agreement shall be resolved in accordance with the laws of the State of Rhode Island. The Parties agree to first attempt to settle the dispute by mediation. If a dispute cannot be settled through mediation, the Parties agree to submit to binding arbitration.
ARTICLE VIII: GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Rhode Island.
ARTICLE IX: ENTIRE AGREEMENT
This Agreement contains the entire understanding between and among the Parties and supersedes any prior understandings and agreements among them respecting the subject matter of this Agreement.
ARTICLE X: AMENDMENT
No modification, amendment or waiver of any provision of this Agreement shall be effective unless in writing and signed by both Parties.
ARTICLE XI: SEVERABILITY
If any provision of this Agreement is held to be illegal, invalid, or unenforceable under any present or future law, then that provision will be fully severable. The remaining provisions will remain in full force and effect.
IN WITNESS WHEREOF
The Parties have executed this Agreement as of the date first above written.
Name of Party A Name of Party B
If you’re looking for resources related to real estate transactions in Rhode Island, consider exploring the Contract for Deed Template Rhode Island on ClauseClip.com, which provides a comprehensive guide for property trading.
On the other hand, if you are interested in leasing a property, check out the Contract for Rental Property Rhode Island at ClauseClip.com, which outlines all you need to know about rental agreements.
Finally, don’t forget to review the Contract for Sale of Real Estate in Rhode Island available on ClauseClip.com before entering into any real estate joint venture agreement. These resources ensure all your real estate dealings in Rhode Island are legally sound.