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Review Joint Venture Agreement in New Jersey for Real Estate Business

How much does it cost to review a Joint Venture Agreement in New Jersey? Below are summary details about a user that needed to review a Joint Venture Agreement in New Jersey for Real Estate Business. This cost data comes directly from ContractsCounsel's online marketplace. The user received 3 bids to review the Joint Venture Agreement at a pricing range of $600 - $1,500 on a flat fee. The data includes project specifications and Joint Venture Agreement pricing. To review more pricing data, visit Joint Venture Agreement pricing.
Service type
Review
Document type
Joint Venture Agreement
Location
New Jersey
Client type
Business
Client industry
Real Estate
Deadline
Less than a week
Pricing Range
$600 - $1,500 (Flat fee)
Number of Bids
3 bids
Pages
3 pages

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Forum Questions About Joint Venture Agreement

Joint Venture Agreement

Georgia

Asked on Mar 3, 2021

What are the voting rights in a joint venture?

I am looking to enter into a joint venture with a business partner. We are both making a significant investment of resources and capital, and we want to ensure that we have a clear understanding of the voting rights associated with the venture. We want to make sure that each party's interests are protected and that all decisions are made in a fair and equitable manner.

Karen M.

Answered Mar 3, 2021

The voting rights should be based on what the parties determine to be appropriate based on your particular teaming arrangement. You also should consider if there is any voting requirement based on an end-user for the joint venture (e.g., governmental authority may require a majority ownership by one of the joint venturers as well as majority voting rights as in the case of an 8(a) certified entity).

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Joint Venture Agreement

North Carolina

Asked on Mar 3, 2021

Who's liable for contracts in a joint venture?

I'm a small business owner looking to start a joint venture with another business. We have discussed the terms of the venture and are ready to move forward, but I want to make sure that I understand who is responsible for which contracts. I'm concerned that if either party fails to fulfill their contractual obligations, I need to know who will be held liable.

N'kia N.

Answered Mar 3, 2021

Typically, liability for each party to a joint venture is determined by the joint venture agreement itself. However, if the joint venture agreement is not sufficient to establish liability or there is no agreement, the law imputes "per capita" (per head) liability. For example, in a joint venture that involves three separate individuals and/or entities, each venturer bears one-third of the total liability. For this reason, joint venturers commonly register a separate entity such as a limited liability company ("LLC"). Hope this helps!

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