Neither party may borrow money or enter into credit contracts on behalf of the other party. In the event that [JointVenture.Name] needs additional capital for commercial purposes, both parties contribute in the same way or authorize written borrowing financing. When one party injects capital beyond the contributions of the other party, the excess capital is considered a loan and does not affect the same ownership and shares of the joint venture of both parties. Both parties agree to be known jointly as [JointVenture.Name] and agree to obtain appropriate authorization on behalf of [JointVenture.Name] prior to the completion or execution of construction projects. The two parties present themselves as a joint venture for the construction projects to be carried out and carried out. CET ACCORD occurs from [the date of agreement] between [Party1.Name] and [Party2.Name] collectively known as [JointVenture.Name]. Both parties agree to participate, implement and implement construction projects and agree that all benefits or liabilities related to these projects are contingent on this joint enterprise agreement. This joint enterprise agreement is the only agreement on the creation and operation of [JointVenture.Name]. Other written or oral agreements are not questionable or enforceable. PandaTip: This agreement template contains electronic signature fields that make it easier for you and your partner to sign your joint enterprise contract from any computer or mobile device. Do you have any additional documents to sign? You can download them on PandaDoc and sign them electronically! The two parties and their authorized representatives meet to carry out operations related to [JointVenture.Name]. Both parties agree on all decisions, obligations or obligations related to the joint venture.
In the event that the two parties fail to reach any mutual agreement, a mutually acceptable third party will act as an arbitrator to resolve these disputes and reach a mutually acceptable conclusion. The entire joint venture contract is governed by the laws of the state [JointVenture.State]. This contract remains valid unless the contract is terminated in writing and signed by both parties. Both parties agree to terminate the same working capital contribution required for the completion and completion of work by [JointVenture.Name] and cannot be deducted from the accounts [JointVenture.Name] without the prior written consent of both parties. In the event that both parties agree to the dissolution [JointVenture.Name], all assets and material equipment will be liquidated by auction and the proceeds will be used to cover any liabilities [JointVenture. Name]] The remaining profits will be distributed equally to both parties. Both parties agree to make necessary contributions in time and cost, as long as necessary to carry out the obligations of the joint venture.