JOINT VENTURE AGREEMENT(영문-상호합자계약서)
This JOINT VENTURE AGREEMENT is made on ________________, 2001 between __________________________________ and __________________________________.
RECITALS
The Joint Venturers have agreed to make contributions to a common fund for the purpose of acquiring and holding :___________________________________ called the business interest.
The Joint Venturers consider it advisable to acquire and hold their business interest through a nominee so as to avoid the necessity of numerous separate agreements, to maintain the legal title to the business interest in a simple and practicable form and to facilitate the collection and distribution of the profits accruing under the business interest, and has agreed to act as nominee of the Joint Venturers with the understanding that he is also acquiring a participating interest in this joint venture on his own account,
It is therefore agreed:
1. Purpose.
The Joint Venturers form this joint venture to acquire and hold the business interest in common and to provide the finances required for its acquisition. To the extent set forth in this Agreement, each of the Joint Venturers shall own an undivided fractional part in the business. The Joint Venturers appoint as their agent ___________________, whose duty it shall be to hold each of the undivided fractional parts in the business interest for the benefit of and as agent for the respective Joint Venturers.
2. Contributions.
The Agent acknowledges that he has received from each of the Joint Venturers, for the purpose of this joint venture, the sum set after the name of each Joint Venturer as follows: Contribution to Name Joint Venture
3. Acquisition of Business Interest.
The Agent is authorized to acquire and hold in his own name, but on behalf of the Joint Venturers (of which the Agent is one), the business interest, and to pay $__________ for it as follows: $__________ in cash, and the balance of $__________ by a note in that amount. The note shall bear interest at the rate of ________%, shall be due and payable on _______, with prepayment privileges, and shall be secured by _______ which the Agent is authorized to execute and deliver.
4. Profits.
The Agent shall hold and distribute the business interest and shall receive the net profits as they accrue for the term of this Agreement or so long as the Joint Venturers are the owners in common of the business interest, for the benefit of the Joint |
2008.03.28
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