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The parties agree to share the profits and losses of the enterprise,. If the joint venture is being formed in response to a specific solicitation or the purpose of the joint venture is to A joint venture is a mechanism by which two or more entities can combine to do business together without the formality and commitment involved in forming a.
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(describe business function) 1.02 term of the agreement. Each venturer’s respective interest in the joint venture (hereinafter called “percentage ownership interest”) is indicated below: Web joint venture agreement template.
