TODO.LAW

Joint venture agreement

The agreement between businesses that undertake a venture together, covering how the venture is structured, funded, managed and ended, and who owns what it creates.

Jurisdictions
California, England and Wales, Spain
Contract languages
English, Spanish

What it is and when it is used

A joint venture agreement is used when two or more businesses decide to carry out a business project together, sharing the effort, the cost and the result. The agreement sets the rules of that collaboration from the start to the end.

The Dealroom skill covers the following subjects:

  • JV structure, the form the joint venture takes;
  • capital contributions, what each partner puts in;
  • profit sharing;
  • management control and decision-making, who runs the venture and how decisions are reached;
  • IP ownership, who owns the intellectual property the venture uses or creates;
  • non-compete;
  • exit mechanisms, how a partner leaves or the venture ends; and
  • deadlock resolution, what happens when the partners cannot agree.

The skill negotiates 10 clauses.

Who signs it

The agreement is signed by the businesses taking part in the venture, the joint venture partners. Where the venture is run through a company with shareholders, see also the shareholders agreement.

Jurisdictions and languages

Dealroom offers the joint venture agreement under three laws:

  • California;
  • England and Wales; and
  • Spain.

It can be drafted in English or Spanish. The partners can use Dealroom together, each stating its preferences, or one side can prepare the draft alone.

Frequently asked questions

What is a joint venture agreement?

It is the agreement between two or more businesses that decide to carry out a business project together. It sets how the venture is structured, who contributes what, how profits are shared and how decisions are taken.

What does the Dealroom joint venture agreement cover?

The JV structure, capital contributions, profit sharing, management control, decision-making, ownership of intellectual property, non-compete, exit mechanisms and deadlock resolution, across 10 clauses.

Which law can govern the joint venture agreement?

California, England and Wales or Spain. The agreement can be drafted in English or Spanish.

Can the partners negotiate it in Dealroom?

Yes. Each partner can state its preferences on each clause and work towards an agreed text, or one side can prepare a draft alone.

Two ways to make it

Create it in Dealroom

Choose the jurisdiction and language, answer a few questions and negotiate each clause with the other side, or prepare it alone.

Start in Dealroom

Have your agent draft and negotiate it

Your AI agent can read the clause library and create the contract through the agent API or the MCP server. A short example:

MCP: list_templates (query: "JOINT_VENTURE"), get_template, create_playbook, initiate_negotiation.

Read the agent API guide
# 1. Read the clauses, options and the facts it needs
curl https://dealroom.todo.law/api/v1/agent/templates/JOINT_VENTURE \
  -H "Authorization: Bearer drk_YOUR_KEY"

# 2. Create the contract (clauses you leave out take the default option)
curl -X POST https://dealroom.todo.law/api/v1/agent/deals \
  -H "Authorization: Bearer drk_YOUR_KEY" \
  -H "Content-Type: application/json" \
  -H "Idempotency-Key: $(uuidgen)" \
  -d '{
    "schema": "dealroom.solo-intake/1",
    "contractType": "JOINT_VENTURE",
    "governingLaw": "ENGLAND_WALES",
    "language": "en",
    "dealName": "Example JOINT_VENTURE",
    "selectionPolicy": "defaults"
  }'

Drafting and negotiating are free.

Related contracts

This page explains how the contract usually works. It is general information, not legal advice.

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