Joint Venture Agreement Template
ALLIANCE FOR CONTRACTORS
Enterprise-Level Solutions for Professional Contractors
Joint Venture Agreement Template
Date:                               
Alliance Integration: This agreement template integrates with the Alliance JV Partner Matching System and includes built-in profit-sharing calculators. All terms can be customized through the Alliance Agreement Templates Library for optimal project outcomes.

JOINT VENTURE AGREEMENT

This Joint Venture Agreement ("Agreement") is entered into on                     , 20    , by and between the following parties for the purpose of establishing a temporary partnership for the completion of a specific construction project.

1. PARTY IDENTIFICATION AND CREDENTIALS

1.1 First Party (Lead Contractor)

Company Name:                                               

Address:                                                   

License Number:                                             

Insurance Policy Number:                                         

Authorized Representative:                                         

1.2 Second Party (Joint Venture Partner)

Company Name:                                               

Address:                                                   

License Number:                                             

Insurance Policy Number:                                         

Authorized Representative:                                         

2. PROJECT SCOPE AND OBJECTIVES

2.1 Project Description

The joint venture shall undertake the following project:

Project Name:                                                   

Location:                                                       

Contract Value: $                                                

Expected Duration:                                                 

2.2 Scope of Work

The parties agree to perform the following scope of work:

  1.                                                                           
  2.                                                                           
  3.                                                                           
  4.                                                                           

3. FINANCIAL ARRANGEMENTS AND PROFIT-SHARING

Alliance Profit-Sharing Calculator: Use the integrated Alliance calculator to determine optimal profit distribution based on contribution ratios, risk allocation, and performance metrics.

3.1 Capital Contributions

Each party shall contribute to the joint venture as follows:

First Party Contribution: $                                             (        %)

Second Party Contribution: $                                             (        %)

3.2 Profit and Loss Distribution

Profits and losses shall be distributed as follows:

First Party Share:                                             %

Second Party Share:                                             %

3.3 Payment Terms

Payment distributions shall be made within                      days of receipt of project payments. All accounting records shall be maintained in accordance with generally accepted accounting principles.

4. MANAGEMENT STRUCTURE AND DECISION-MAKING

4.1 Management Authority

The joint venture shall be managed as follows:

Project Manager:                                                    

Financial Manager:                                                  

Safety Coordinator:                                                  

4.2 Decision-Making Process

Major decisions requiring mutual consent include:

  • Changes to project scope or specifications
  • Expenditures exceeding $                            
  • Personnel changes for key positions
  • Subcontractor selection for work exceeding $                            
  • Any modifications to this agreement

5. RESOURCE CONTRIBUTIONS

5.1 Equipment and Machinery

Each party shall provide the following equipment:

First Party Equipment:

                                                                                                               

Second Party Equipment:

                                                                                                               

5.2 Labor and Personnel

Each party shall provide the following personnel:

First Party Personnel:                                                                                                                

Second Party Personnel:                                                                                                                

5.3 Materials and Supplies

Material procurement responsibilities shall be allocated as follows:

First Party Materials:                                                                                                                

Second Party Materials:                                                                                                                

6. RISK ALLOCATION AND INSURANCE REQUIREMENTS

6.1 Insurance Coverage

Each party shall maintain the following minimum insurance coverage:

  • General Liability: $                               per occurrence
  • Workers' Compensation: As required by state law
  • Commercial Auto: $                               per accident
  • Professional Liability: $                               per claim

6.2 Risk Distribution

Risk allocation shall be based on the following principles:

  • Each party assumes responsibility for risks related to their specific scope of work
  • Shared risks shall be allocated proportionally based on profit-sharing percentages
  • Force majeure events shall be addressed through mutual consultation

7. PERFORMANCE STANDARDS AND QUALITY CONTROL

7.1 Quality Standards

All work shall be performed in accordance with:

  • Project specifications and drawings
  • Applicable building codes and regulations
  • Industry best practices and standards
  • Alliance for Contractors Quality Management protocols

7.2 Performance Metrics

The joint venture shall meet the following performance targets:

Schedule Performance:                                                        

Budget Performance:                                                        

Safety Performance:                                                         

8. DISPUTE RESOLUTION MECHANISMS

8.1 Dispute Resolution Process

Any disputes arising under this agreement shall be resolved through the following process:

  1. Direct negotiation between authorized representatives
  2. Mediation through a mutually agreed neutral mediator
  3. Binding arbitration in accordance with the rules of the American Arbitration Association
  4. Jurisdiction for any legal proceedings shall be                                                 

8.2 Continuation of Work

Pending resolution of any dispute, both parties agree to continue performance of their respective obligations under this agreement unless such performance would cause irreparable harm.

9. TERMINATION CONDITIONS

9.1 Natural Termination

This agreement shall terminate automatically upon:

  • Completion of the project and final payment distribution
  • Mutual written agreement of both parties
  • Expiration date:                                                                                      

9.2 Termination for Cause

Either party may terminate this agreement for cause upon                      days written notice if the other party:

  • Materially breaches this agreement and fails to cure within the notice period
  • Becomes insolvent or files for bankruptcy protection
  • Loses required licenses or insurance coverage
  • Fails to perform essential obligations under this agreement

10. LEGAL COMPLIANCE AND LICENSING

10.1 Regulatory Compliance

Both parties warrant that they shall:

  • Maintain all required licenses and permits throughout the project duration
  • Comply with all applicable federal, state, and local regulations
  • Adhere to prevailing wage requirements where applicable
  • Maintain compliance with OSHA safety regulations
  • Follow all environmental protection requirements

10.2 Tax Responsibilities

Each party shall be responsible for their own tax obligations arising from this joint venture. The joint venture shall not be treated as a partnership for tax purposes unless specifically elected by both parties.

Alliance Support Services: This agreement template is supported by comprehensive Alliance systems including partner verification, financial modeling, and ongoing project management tools. Contact your Alliance representative for implementation support.

11. MISCELLANEOUS PROVISIONS

11.1 Entire Agreement

This agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements relating to this subject matter.

11.2 Amendments

This agreement may only be amended by written consent of both parties.

11.3 Governing Law

This agreement shall be governed by the laws of                                             .

11.4 Severability

If any provision of this agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Joint Venture Agreement as of the date first written above.

FIRST PARTY:

Company:                                                                                                                

By:                                                                                                                

Title:                                                                                                                

Date:                                                                                                                

SECOND PARTY:

Company:                                                                                                                

By:                                                                                                                

Title:                                                                                                                

Date:                                                                                                                

IMPORTANT LEGAL DISCLAIMER:

This template is provided for informational purposes only and does not constitute legal advice. Joint venture agreements involve complex legal and financial considerations that vary by jurisdiction and project type. It is strongly recommended that both parties consult with qualified legal counsel before executing any joint venture agreement. Alliance for Contractors provides this template as a starting point for discussion but assumes no responsibility for its legal adequacy or compliance with local laws and regulations.

Each party should conduct thorough due diligence on their potential joint venture partner, including verification of licenses, insurance coverage, financial stability, and past performance records. The Alliance Partner Matching System provides preliminary screening, but final partner selection remains the sole responsibility of the contracting parties.

Alliance for Contractors Support: For assistance with partner matching, profit-sharing calculations, or template customization, contact the Alliance Support Team. Our enterprise-level systems are designed to streamline the joint venture process and maximize project success rates for professional contractors.