Welcome to our dedicated page for Real Estate Joint Venture Agreement Wyoming. This platform provides an editable legal document essential for any business venture in the realm of commercial real estate. You can easily download and tailor this document to cater to your specific needs. If you’re looking to forge a strategic partnership in property investment within Wyoming, this is your starting point. Remember, a joint venture agreement sets the foundation for successful and legally-binding business collaboration.
REAL ESTATE JOINT VENTURE AGREEMENT
This Real Estate Joint Venture Agreement (“Agreement”) is made and entered into as of this Day of Month, Year, by and between Party 1 and Party 2, collectively referred to as the “Venturers”.
WHEREAS, the Venturers wish to acquire, develop, and sell certain real estate located in the state of Wyoming, described as Legal Description of Property (the “Property”);
WHEREAS, the Venturers desire to set forth their respective rights and duties concerning the acquisition, development, and sale of the Property;
NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, and subject to the laws of the state of Wyoming, the parties agree as follows:
ARTICLE I: FORMATION OF THE JOINT VENTURE
1.1 A joint venture is hereby created and established for the purpose of acquiring, developing, and selling the Property.
1.2 The joint venture shall be conducted under the name Joint Venture Name and shall have its principal place of business at Address, Wyoming.
ARTICLE II: CONTRIBUTIONS
2.1 Party 1 shall contribute to the Joint Venture Amount or Description of Contribution.
2.2 Party 2 shall contribute to the Joint Venture Amount or Description of Contribution.
ARTICLE III: DISTRIBUTION AND ALLOCATION OF PROFITS AND LOSSES
3.1 The net profits and losses of the Joint Venture shall be divided among the Venturers in proportion to their respective contributions to the capital of the Joint Venture.
ARTICLE IV: MANAGEMENT AND CONTROL
4.1 The management and control of the Joint Venture shall be vested in the Venturers, who may act through duly authorized agents.
ARTICLE V: DISSOLUTION
5.1 The Joint Venture shall be dissolved upon the sale of the Property or upon mutual agreement of the Venturers.
ARTICLE VI: GOVERNING LAW
6.1 This Agreement shall be governed by and construed in accordance with the laws of the state of Wyoming.
ARTICLE VII: AMENDMENTS
7.1 This Agreement may be amended only by a written agreement signed by all of the Venturers.
ARTICLE VIII: BINDING EFFECT
8.1 This Agreement shall be binding upon and inure to the benefit of the Venturers and their respective heirs, executors, administrators, legal representatives, successors, and assigns.
IN WITNESS WHEREOF, the Venturers have executed this Real Estate Joint Venture Agreement as of the date first above written.
Name of Party 1 Name of Party 2
Please note: This document does not constitute legal advice. Consult with a legal professional before entering into a legally binding agreement.
Entering into a Real Estate Joint Venture Agreement in Wyoming could involve different types of real estate contracts.
For instance, you may require a Contract for Deed Template Wyoming if you’re planning to finance the property’s purchase in installments.
But if you intend to use the property for rental purposes, a Contract for Rental Property Wyoming would be more suitable.
And when it’s time to sell, you’d need a Contract for Sale of Real Estate in Wyoming to ensure a smooth and legally sound process.