Legal Inz
Top quality legal services at your fingertips.

Make your Joint Venture Agreement

A joint venture agreement is a document that allows two or more parties to collaborate and work under a new entity. Read More

AED 999 AED 1,99950% Off

Trusted by over 5,000 Clients
Customer Reviews
4.8
Out of 5.0
Read our 1500+ Client Reviews

You can get your Joint Venture Agreement in 3 simple steps

How it Works?

Step 1

1. Make your Document

Just answer a few quick questions to make your joint venture agreement in minutes.

Step 2

2. Instantly Download

Save and instantly download your draft of joint venture agreement.

Step 3

3. Print and Sign

Print and sign your joint venture agreement to make it legal and binding.

Pricing

Silver
AED 999 AED 1,999
  • Create agreement as per your needs.
  • Online form allows you to choose from various clauses.
  • Instantly download the document.
  • World-class legal drafting.
  • Document compliant with UAE Laws.
Gold
AED 1,999 AED 3,999

Gold includes everything in Silver, plus:

  • One round of amendment of the agreement.
  • Customisation as per your requirements.
  • Dedicated legal consultant.
Platinum
AED 2,999 AED 5,999

Platinum includes everything in Gold, plus:

  • Two rounds of amendments to customise it as per your requirements.

What is a Joint Venture Agreement?

A joint venture agreement is a document that allows two or more parties to collaborate and work under a new entity. A joint venture is a business arrangement in which two or more parties agree to join forces and invest their resources to accomplish a certain project or a task. A joint venture will have its own shareholding structure with each party holding its respective shares. The profits and losses associated with the shares of each party belongs to the respective parties itself, while the joint venture maintains its separate legal identity.

It is common for parties from another jurisdiction to enter into a joint venture with a local business person in order to allow them to enter that particular local market. This also helps the local business person to collaborate with a foreign entity and expand their market share and overall business.

What is the need to enter into a Joint Venture?

A joint venture is a special legal entity that allows two or more natural persons or corporate entities to combine their resources to enter into a new market, offer new services, or take on a specific project. A joint venture thus helps businesses grow their market share and offer a new service.

A joint venture can also lend credibility to their existing name because of involvement of a respected local business person, and it may also allow them to undertake bigger projects which an individual party would not be able to execute on its own. Parties across jurisdictions find it easier to enter a different country or jurisdiction by forming a joint venture with a local business person of that particular country or jurisdiction.

A joint venture can also be between two local companies as well. This could be to make sure that the resources available to both the local companies are combined and the output that this combination could produce can be maximised.

While a joint venture allows parties to combine their expertise and resources to take part in a new business activity or enter a new market, a unique feature of a joint venture is that it may be limited to specific work or business and allows the parties to retain their separate legal entity with respect to other work or business that they may be currently undertaking. This allows the parties to limit their exposure and liability that may exist in the joint venture entity.

What does a joint venture agreement cover?

Since a joint venture is more in the nature of collaboration between two or more parties to the agreement, it may contain any or all clauses that the parties may mutually agree upon. However, more common than not, any joint venture agreement would have the following terms:

1. Details of the parties

Description of the details of each party is an essential provision in any agreement, and the same can be said for a joint venture agreement as well. This provision usually contains personal information of the parties to the agreement such as their full names, passport number, email addresses, and registered address. There may be cases where one of the party or all the parties to the agreement is a legal entity rather than a natural person. In case a legal entity is a party to the joint venture agreement, their trade or commercial license number should be included instead of the passport number.

2. Commencement date and term

The commencement date is important to decide when the legal relationship between the parties to the joint venture agreement is deemed to start.  The Agreement may also specify the term till which the joint venture would last, unless terminated before as per the terms of the Agreement.

3. Name and Purpose of the Joint Venture

The provision which specifies the name of the joint venture is of paramount importance. The parties would have to decide on a name which the joint venture entity would be known by for the purposes of conducting business. The joint venture agreement must also outline the purpose for which the parties have entered into a joint venture. This can be a brief description which is included in the joint venture agreement as a separate clause.

4. Contribution of Capital and ownership

In any joint venture, each party contributes a certain amount in the working capital for the operation of the joint venture. Therefore, any joint venture agreement must contain provisions which specify the amount of capital put in by each party to the agreement. It should also describe the proportion of ownership of each party in the joint venture.

5. Profits and Losses

Since a joint venture is a business entity, it is important to specify the profits and losses that the entity would make. Likewise, it is also important to outline how the distribution in terms of profits and proportionate liability in terms of loss will be made, if any.

6. Applicable law and Jurisdiction

This is one of the most important clauses in a joint venture agreement as it outlines the law which will govern the agreement. This clause should also include the jurisdiction as well to ensure that any cases or disputes to be filed in the future shall follow the jurisdiction specified in the joint venture agreement. In case where the agreement involves parties from different jurisdictions, the provision for jurisdiction becomes even more important.

7. Additional terms

A joint venture agreement could incorporate such other additional terms as may be mutually agreed between the parties such as confidentiality, non-disclosure, non-compete, exclusivity, etc. These additional terms help describe the legal relationship between the parties in much more details.

The objective of having different clauses apart from the usual ones is to mitigate the risk associated with any agreement. More streamlined clauses and specifically defined terms in an agreement allows the parties to have confidence that theirs rights are duly protected.

Our online form provides for a range of customisations that cater to all clients on a case-by- case basis. We provide our clients with more control and freedom in terms of what their joint venture agreement should cover. Please see our different packages to see various options available to the clients in terms of personal customisation of their investment agreement.

My experience with Legal Inz was brilliant; i received first class assistance with the incorporation of my business and the opening of the bank account.Why Legal Inz: I received a recommendation from a close friend who had used Legal Inz before.

Severino A.
Over 2,600 google rating verified reviews

Every review is a Powerful reflection of Client experience

Verify our reviews on Shopperapproved, Trustpilot and Google

Recent Reviews

loader
  • logo

    Tony Berkman

    star

    Great experience with this company - everything was done fast and efficient with staff that is easily reached and answered my questions!

    logo

    Gizem F.T.

    star

    I strongly suggest! Mr. Karan followed up our process and suport...

  • logo

    Yaxis Saba

    star

    Excellent Job done by the team. They helped us for notary of...

    logo

    Sanjay Sharma

    star

    Responded speedily to all my queries and once I agreed to engage their services, they completed the legal drafting speedily and customised to my need....

  • logo

    Saril Nair

    star

    They are very professional and prompt in their service special thanks to Ms. Corinne.

    logo

    Alishia Chotu

    star

    I highly recommend Legal Inz. Their service was outstanding,...

  • logo

    Sharmila Dsouza

    star

    It was a pleasure doing business with Legal Inz team, they were...

    logo

    Benety Chan

    star

    Everything was done smoothly and hassle free. Able to respond to all my queries accordingly.

  • logo

    Benny E.

    star

    Excellent service, much easier process! They’ll guide you through the full process.

    logo

    Mark Verrall

    star

    Great service. Very fast and efficient. Good for both UAE and...

  • logo

    C Lam

    star

    Very pleasant way to write a will. The service was professional,...

    logo

    Wilson Franco

    star

    Absolutely mind blowing service. The entire legal documentation process done with in a weeks time and systematically. The staff is incredible. Very much...

  • logo

    Jawahar K.

    star

    I had a chance to draft a document with Legal inz recently. Not only they gave me a better deal as i had made a payment few years back, they also impressed...

    logo

    Amit Sakaria

    star

    I used their service for preparing will. Team is extremely professional...

  • logo

    Neena

    star

    Legalinz team was very supportive. Immersed by your dedication....

    logo

    Cyril Joseph

    star

    Definitely a 5 star rated support and professional service provided by Mr Altimash. They ensure that the process is effortless and provide the maximum...

satisfaction

Your personal information is kept secure and private. This website uses an Extended Validation (EV) SSL to transmit all personal information.

satisfaction

Legal Inz strives to meet the needs of all of our customers. If you are not completely satisfied with our services, please contact us.

Secured payments
★★★★★
Refer Friend & Earn
Sectigo Trust Seal
Enquire CallOrder Now
Contact Us