This page is designed to provide you with a customizable template for your Real Estate Joint Venture Agreements in the state of Wisconsin.
You can easily download and edit this comprehensive contract to suit your specific needs.
Take the first step in securing your joint venture by using our convenient, professional-grade agreement today.
REAL ESTATE JOINT VENTURE AGREEMENTTHIS JOINT VENTURE AGREEMENT (the “Agreement”) is made and entered into this ____ day of ____, 20_____, by and between [Party 1’s Legal Name] of [Party 1’s Full Address], Wisconsin (hereinafter “Party 1”) and [Party 2’s Legal Name] of [Party 2’s Full Address], Wisconsin (hereinafter “Party 2”).
RECITALSWHEREAS, the Parties have an interest in the real estate property described as [Legal Description of Property], situated in the state of Wisconsin, and more particularly known as [Property Address], referred to hereinafter as the “Property”; WHEREAS, the Parties wish to form a joint venture for the purpose of purchasing, owning, managing, and selling the Property; NOW, THEREFORE, in consideration of the promises set forth herein, the Parties agree as follows:
FORMATION OF JOINT VENTURE1. The Parties hereby create a joint venture pursuant to the laws of the State of Wisconsin. The joint venture shall be called [Name of Joint Venture] for the purposes of this Agreement.
CONTRIBUTIONS2. Each Party shall contribute to the Joint Venture in the form of capital, services, property, or a combination thereof as agreed upon by both Parties.
MANAGEMENT AND CONTROL3. The management, control, and operation of the Joint Venture shall be vested in the Parties. Decisions shall be made by majority vote, with votes being in proportion to capital contributions.
PROFIT AND LOSS4. Each Party shall share in the profits and losses of the Joint Venture in proportion to their capital contributions.
REPRESENTATIONS AND WARRANTIES5. Each Party represents and warrants that it has the full power and authority to enter into this Agreement and to carry out its obligations hereunder.
DISSOLUTION6. This Joint Venture shall dissolve upon the sale of the Property, or by mutual agreement of the Parties.
GOVERNING LAW7. This Agreement shall be governed by and construed in accordance with the laws of the State of Wisconsin.
ENTIRE AGREEMENT8. This Agreement constitutes the entire agreement between the Parties and supersedes all prior understandings, agreements, or representations. IN WITNESS WHEREOF, the Parties have executed this Joint Venture Agreement as of the date first above written. _______________________ ________________________ [Party 1’s Legal Name] [Party 2’s Legal Name] _______________________ ________________________ Date Date NOTARY ACKNOWLEDGMENT State of Wisconsin, County of _________, On this ______ day of ________, 20_____, before me, a Notary Public in and for said county and state, personally appeared _________, known to me to be the person(s) whose name(s) is/are subscribed in the foregoing instrument, and acknowledged that he/she/they executed the same for the purposes therein contained. _______________________ Notary Public My Commission Expires: __________ NOTE: This is a general form and may not fit your specific needs. Please consult with a lawyer before entering into any legal agreements.
If you’re considering entering a Real Estate Joint Venture Agreement in Wisconsin, it might be helpful to review a Contract for Deed Template Wisconsin to understand the terms involved in such deals.
When investing in rental properties, do not neglect to check out our guide that points you to a Contract for Rental Property Wisconsin, which can give you a thorough understanding of the legalities involved.
Moreover, if you’re planning to buy or sell real estate, you should have a look at our resourceful Contract for Sale of Real Estate in Wisconsin post. This resource can help clarify the purchasing process and protect your interests.