Joint venture agreement template: free in Word, or sign it online

Reviewed in October 2026

A joint venture agreement lets two or more businesses work together on one specific project. Each party contributes money, work or assets and shares the results. The parties stay independent, and the venture ends when the project is done.

Use this template Download in Word

Ten documents free, no card. Signed by every joint venture partner.

The full joint venture agreement

JOINT VENTURE AGREEMENT

This Joint Venture Agreement (the "Agreement") is made on [date] between [Party A name], a [state] [entity type] ("Party A"), and [Party B name], a [state] [entity type] ("Party B") (each a "Venturer").

1. Purpose

The Venturers form a joint venture to [describe the specific project] (the "Project"). The joint venture will operate under the name [venture name] (the "Venture").

2. Contributions

Party A will contribute [cash, assets, services or IP and their agreed value]. Party B will contribute [cash, assets, services or IP and their agreed value]. Additional contributions require the written consent of both Venturers.

3. Profits and Losses

Net profits and losses of the Venture are shared [percentage]% to Party A and [percentage]% to Party B. Distributions are made [quarterly / at the end of the Project] after paying Venture expenses.

4. Management

The Venture is managed by a committee of [number] members, [number] named by each Venturer. Decisions require [majority / unanimous] approval. These decisions always require unanimous approval: [list, for example budgets over USD [amount], new partners, borrowing].

5. Accounting

The Venture will keep separate books and a separate bank account. Each Venturer may inspect the books on reasonable notice. [Party A / Party B] will prepare monthly reports.

6. Intellectual Property

Each Venturer keeps ownership of what it brings to the Venture. IP created by the Venture belongs to [both Venturers jointly / Party A / Party B], and each Venturer receives a license to use it as follows: [terms].

7. Exclusivity and Non-Solicitation

During the Venture, neither Venturer will pursue the Project with a third party, and neither will hire the other's employees working on the Project.

8. Confidentiality

Each Venturer will keep the other's confidential information secret and use it only for the Project.

9. Term and Termination

The Venture starts on the date above and ends when the Project is completed, on [end date], or earlier by written agreement or for a material breach not cured within 30 days of notice. On termination, assets are sold or divided and the proceeds distributed per clause 3 after paying debts.

10. Relationship

The Venturers are independent. Neither may bind the other outside the scope approved under clause 4.

11. Disputes, Governing Law and Signatures

The Venturers will try to settle disputes by negotiation for 30 days, then by [mediation / arbitration / the courts of [state]]. This Agreement is governed by the laws of the State of [state] and may be signed electronically.

Party a

Name: [name]

By: [name, title]

Signature: ______________

Date: [date]

Party b

Name: [name]

By: [name, title]

Signature: ______________

Date: [date]

What the template includes

Names of the venturers and the venture
The specific project
Contributions of each party and their value
Profit and loss split and distributions
Management committee and decisions that need everyone
Separate books, bank account and reports
Ownership of existing and new intellectual property
Exclusivity and non-solicitation
Confidentiality
Term, termination and winding up
Independence of the parties
Dispute resolution and governing law

What you fill in

Field	Example
Party A	Alvarez Builders LLC
Party B	Summit Land Partners LP
Project	Build and sell 8 townhomes at 450 Cedar Rd, Raleigh, NC
Party A contribution	Construction services valued at USD 600,000
Party B contribution	Land valued at USD 900,000 and USD 400,000 cash
Profit split	40% Party A, 60% Party B
Management	3 members, unanimous for budgets over USD 50,000
End	When the last townhome closes, or December 31, 2028

How it gets signed

1Choose «Use this template», fill in the fields and review the full joint venture agreement.
2Send it by WhatsApp or email. The other party opens the link on their phone without an account.
3They tap the brown bar at the bottom that says «Sign as …» and draw their signature once.
4Everyone gets the signed PDF with its signature certificate. Anyone can check it at signsolu.com/verificar.

The signing screen tells each signer that signing means agreeing to sign electronically. It links to the electronic signature disclosure that the ESIGN Act asks for.

What you get once everyone signs

The signed PDF. The final joint venture agreement with every drawn signature in place.
The signature certificate. It lists each signer and the date and time of each signature.
A record you can check. The folio on the certificate opens the document history at signsolu.com/verificar.
Reminders. Turn them on and SignSolú reminds every signer who has not signed yet.

Your first ten documents are free and need no card.

What the law says

Many states treat a joint venture as a partnership for one project. That means partnership rules can apply when the agreement is silent.

Partners in a partnership can be personally liable for debts of the business. Many venturers form an LLC for the project to limit that risk. In that case this agreement works as a term sheet for the LLC operating agreement.

Taxes follow the structure. An unincorporated joint venture usually files as a partnership. Ask an accountant before money starts moving.

The ESIGN Act, 15 U.S.C. 7001 gives an electronic signature the same legal effect as one on paper. A contract cannot be denied effect only because it was signed electronically.

When to use a joint venture agreement

Use it when two businesses need each other for one project but do not want to merge.

Real estate development. A landowner and a builder split the profit on a project.
Product launches. A brand and a manufacturer launch a co-branded line.
Bids and tenders. Two contractors bid together on a public contract.
Market entry. A foreign company partners with a local distributor.

Joint venture or partnership

A partnership is an ongoing business. A joint venture is limited to one project or a set period.

Both share profits, losses and control. The limited purpose is what keeps the venturers free to run their own businesses.

Clause 10 keeps each party from binding the other outside the project. It reduces the risk of surprise debts.

How to value contributions

Cash is easy to value. Land, equipment, labor and know-how need an agreed number.

Write the value of each contribution in clause 2. That number often decides how assets are split if the venture ends early.

Use an appraisal for land and equipment. For services, agree on an hourly rate or a fixed amount.

Common mistakes

No exit plan. Ventures end, and fights happen at the end. Clause 9 sets how assets are divided.

Mixing money. Pay venture costs only from the venture account. Mixed accounts make the final split hard to prove.

Unclear IP. Decide who owns new designs, software or brands before the work starts.

Deadlock. A 50/50 committee can freeze. Add a tie-breaker, such as an outside mediator, in clause 11.

Signing with partners in different cities

Joint ventures often join companies that rarely sit in the same room. Each officer signs from a phone through their own link.

The certificate shows who signed for each company and when. Attach it to the venture records and to any bank account application.

Before you sign

Read every clause of the joint venture agreement with the other party before anyone signs. Change what does not fit your deal.
Check how electronic signatures are recognized where you sign in the e-signature validity guide by country.
Learn how anyone can confirm a signed document at signsolu.com/verificar.
Got another document from someone as a PDF or a phone photo? Sign documents online for free, with no account.

Other templates

Frequently asked questions

Is a joint venture agreement signed online legally binding?

Yes. The ESIGN Act gives electronic signatures the same effect as handwritten ones. The signed PDF and its certificate show who signed and when.

Does a joint venture need its own company?

No. It can be a contract between the parties. Many venturers still form an LLC to limit liability.

How are profits split in a joint venture?

As the agreement says. The split often follows the value of each contribution, but it can be anything the parties agree.

Can a joint venture have more than two partners?

Yes. Add each partner to the opening, the contributions, the split and the signatures.

What happens when the project ends?

The venture winds up. Debts are paid and the rest is split as clause 9 says.

Does the other party need a SignSolú account?

No. They open the link on their phone and sign with the brown bar at the bottom.

Can I edit the clauses before sending it?

Yes. After «Use this template» you can change any clause before you send it.