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Letter of Intent to Form Joint Venture
Set out the terms on which a joint venture enterprise will be established in this generic Letter of Intent to Form Joint Venture.
- The Letter of Intent summarizes the discussions between the parties with respect to the general structure of the venture corporation and the rights and obligations of the co-venturers.
- The co-venturers will incorporate a new company solely to carry on the business of the joint venture.
- The company will be managed by a board of directors consisting of nominees of each of the co-venturers.
- Shareholder equity in the venture corporation will be apportioned on the same ratio as the investment made by each of the co-venturers in the joint venture.
- The letter of intent itself is not legally binding, but rather it is a means of ensuring that both parties have the same understanding of the provisions before executing a formal, final and legally binding agreement.
- This is a generic template which is not country specific and can be used anywhere.
- Available in MS Word format.
$11.99
Teaming Agreement for Proposal
Use this downloadable template to prepare a Teaming Agreement for a proposal to be submitted jointly by a prime contractor and subcontractor.
- The parties will prepare and present the proposal in the hope of being awarded a contract to provide products and/or services to the client.
- Each of the parties will bear its own costs and expenses, and risks and liabilities.
- The parties' relationship is that of independent contractors. The agreement does not constitute a partnership or joint venture.
- The agreement specifically does not provide for the sharing of profits or losses.
- All proposal material will be submitted to the prime contractor, to be incorporated into the proposal.
- The prime contractor will have the final decision on the form and content of all materials submitted in the proposal.
- If the prime contractor is successful in being awarded the contract, it will award a subcontract to the subcontractor.
- Available in MS Word format and fully customizable.
$17.99