Picture of Joint Venture Agreement for Developing Training Courses Picture of Joint Venture Agreement for Developing Training Courses

Joint Venture Agreement for Developing Training Courses

Set up a joint venture to conduct training courses with this template Joint Venture Agreement for Developing Training Courses.

  • One of the parties (Party 1) will provide instructors and course materials, the other party (Party 2) will develop a training and planning guide and a marketing strategy, and obtain and provide classroom facilities.
  • Each party is responsible for its own costs.
  • Both parties rank equally in priority with respect to distribution of profits.
  • Party 1 will be reimbursed by Party 2 for all costs associated with the same, including traveling expenses and accommodation for instructors.
  • Party 2 will be entitled to compensation for administrative expenses, over and above the actual cost.
  • This legal contract template is downloadable and fully editable to fit your business needs.
Document Type: Microsoft Word
Last Updated: 28-May-2021
SKU: 254
$29.99
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  • The co-venturers will incorporate a new company solely to carry on the business of the joint venture.
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  • 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.
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  • Available in MS Word format.
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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.
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