Joint Venture Agreement

A Joint Venture Agreement allows two or more parties to enter into a legally binding business contract.

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Last updated October 24, 2025

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Suitable for Australia

Joint Venture Agreement

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What is a joint venture agreement?

A joint venture agreement is a legally binding contract between two or more parties who agree to collaborate on a business project without forming a formal partnership or new legal entity.
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When should you use a joint venture agreement?

You should use a joint venture agreement when you want to work with another party on a specific business project, share resources or expertise, and maintain separate legal identities.
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What should be in a joint venture agreement?

A joint venture agreement should include business objectives, roles and responsibilities, cost distribution, profit sharing, liability, dispute resolution, and termination terms.
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Frequently asked questions

What is a joint venture agreement?

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When should you use a joint venture agreement?

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What should be in a joint venture agreement?

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How does this agreement protect my intellectual property?

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What are the main advantages of using this agreement?

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Are there any key risks or limitations to consider?

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How is this different from a partnership agreement?

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Can this agreement be used for multiple projects?

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What practical steps should I take before signing?

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Is this agreement valid across Australia?

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View Sample Joint Venture Agreement

Joint Venture Agreement
risk level indicator at Low level

The Legal Risk Score of a Joint Venture Agreement Template is Low

Our legal team have marked this document as low risk considering:

  • The agreement outlines specific terms regarding the ownership and sharing of Intellectual Property (IP) created during the collaboration, which could lead to potential conflicts or misunderstandings about the rights and usage of such IP if not clearly understood and managed.
  • The document requires the parties to collaborate closely on various projects, which involves significant coordination and mutual reliance on timely and effective execution, posing a risk if either party fails to meet their obligations or expectations.
  • The agreement includes provisions for sharing profits and handling financial contributions, which could lead to disputes or financial discrepancies if the project outcomes do not align with initial expectations or if financial contributions are not managed transparently.

Articles about Joint Venture Agreement

What Is A Joint Venture Agreement?
By Raja Abbas|Nov 22, 2024

What Is A Joint Venture Agreement?

A volunteer agreement is a legal document that is central when engaging with volunteers to help out in your organisation. This article covers everything you need to know about volunteer agreements.

Protecting Intellectual Property in a Joint Venture
By Kyle McIndoe|Dec 5, 2025

Protecting Intellectual Property in a Joint Venture

Protecting your intellectual property is essential, even in a joint venture. Our article breaks down how to protect this, to ensure your property is safe.

What is a Real Estate Joint Venture?
By Ryan Tjahjono|Sep 26, 2019

What is a Real Estate Joint Venture?

What are real estate joint ventures? Why is it beneficial to enter into one? How can it benefit the parties involved? Read more to find out.

What is the Equity Method for Joint Ventures?
By Ryan Tjahjono|Oct 4, 2019

What is the Equity Method for Joint Ventures?

Which accounting method should you use in a joint venture? Why and when can the equity method be used? Read more to find out.

What Structure Should My Joint Venture Be?
By Jackie Olling|Dec 2, 2025

What Structure Should My Joint Venture Be?

A Joint Venture (JV) is an arrangement where multiple businesses work together for a common purpose. However, the way they are structured varies.

Proportionate Consolidation for Joint Ventures
By Ryan Tjahjono|Dec 5, 2025

Proportionate Consolidation for Joint Ventures

Which accounting method should you use in a joint venture? Why and when can the proportionate consolidation method be used? Read more to find out.

What Is a Profit Sharing Agreement & When to Use One
By Mai Sarkissian|Nov 21, 2025

What Is a Profit Sharing Agreement & When to Use One

Do you need a profit sharing agreement? Our article will take you through what this agreement is and when it should be used.

What's an Unincorporated Joint Venture?
By Jackie Olling|May 28, 2025

What's an Unincorporated Joint Venture?

An Unincorporated Joint Venture is a contractual collaboration between two businesses to achieve a common goal. Find out whether it's right for you here.

What Tax Will I Have To Pay Under A Joint Venture?
By Gianluca Tripodi|May 24, 2024

What Tax Will I Have To Pay Under A Joint Venture?

Do you know how much tax you need to pay if you have a valid joint venture? Here is everything you need to know about your tax obligations under a Joint Venture.

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