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Updated about 2 years ago on . Most recent reply
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Example Joint Venture (JV) Agreement
Where can I find a contract or agreement for a wholesale joint venture?
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This is the one I just used which I pieced together from other ones and made up terms myself:
THIS JOINT VENTURE AGREEMENT (the "Agreement"), made and entered into as of this DATE OF CONTRACT by and between JV PARTNER NAME and YOUR COMPANY.
1. BUSINESS PURPOSE:
The purpose of the Joint Venture shall be to sell certain real estate located at
1234 CHEAP HOUSE ADDRESS for a profit.
2. TERM OF THE AGREEMENT:
This Joint Venture shall commence on the date first above written and shall continue in existence until 2 WEEKS DATE HERE, or until written notice of termination by either party or liquidated.
3. OBLIGATIONS:
YOUR COMPANY shall bring the seller contract of the property to JV PARTNER NAME shall bring the buyer, handle the buyer service to get the property closed.
4. PROFITS:
Upon the sale of the property to a buyer brought by JV PARTNER NAME shall receive 00% of the profits above the SELLER CONTRACT PRICE from the sale of the property located at 1234 CHEAP HOUSE ADDRESS, to be paid at the time of closing. YOUR COMPANY will receive 00% of the profits from the sale of 1234 CHEAP HOUSE ADDRESS.
To qualify for the profit share JV PARTNER NAME must bring the buyer to the table and the buyer must sign contract and deposit $1000 EMD to YOUR COMPANY. If the buyer comes through marketing done by YOUR COMPANY then YOUR COMPANY will receive 100% of the profits.
This contract is null and void without delivery of a buyer and $1000 EMD deposited to YOUR COMPANY account no later than 2 WEEKS DATE HERE.
Signature ________________________________ Date ___ _______
Company Name and/or Signing Representative Name:
__________________________________________________
Address: ___________________________________
Signature ______________________ Date___________
Company Name and/or Signing Representative Name:
_____________________________________________________
Address: ______________________________________________