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JOINT VENTURE AGREEMENT(五)
JOINT VENTURE AGREEMENT
THIS JOINT VENTURE AGREEMENT (the Agreement), made and entered into as of this ____ day of
_____________, 20____, by and between ______________________________________ of
____________ (hereinafter ____________) and __________________________________ of
______________ (hereinafter ____________).
ARTICLE I
GENERAL PROVISIONS
1.01 Business Purpose. The business of the Joint Venture shall be as follows:
1.02 Term of the Agreement. This Joint Venture shall commence on the date first above written and shall
continue in existence until terminated, liquidated, or dissolved by law or as hereinafter provided.
ARTICLE II
GENERAL DEFINITIONS
The following comprise the general definitions of terms utilized in this Agreement:
2.01 Affiliate. An Affiliate of an entity is a person that, directly or indirectly through one or more
intermediaries, controls, is controlled by or is under common control of such entity.
2.02 Capital Contribution(s). The capital contribution to the Joint Venture actually made by the parties,
including property, cash and any additional capital contributions made.
2.03 Profits and Losses. Any income or loss of the Partnership for federal income tax purposes
determined by the Partnerships fiscal year, including, without limitation, each item of Partnership income,
gain, loss or deduction.
ARTICLE III
OBLIGATIONS
________________ is responsible for all operations and decisions of the Joint Venture and will be
compensated for providing various services.
ARTICLE IV
ALLOCATIONS
4.01 Profits and Losses. Commencing on the date hereof and ending on the termination of the business
of the Joint Venture, all profits, losses and other allocations to the Joint Venture shall be allocated as
follows at the conclusion of each fiscal year:
_____________ . . . . . . . . _____%
_____________ . . . . . . . . . ______%
ARTICLE V
RIGHTS AND DUTIES
5.01 Business of the Joint Venture. ________________ shall have full, exclusi
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