Co-Ownership Agreement Template: A General Guide
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- Avg cost to draft a Co-ownership Agreement: $670.00
- Avg cost to review a Co-ownership Agreement: $560.00
- Lawyers available: 181 contracts lawyers
- Clients helped: 311 recent co-ownership agreement template projects
- Avg lawyer rating: 4.96 (36 reviews)
Find Co-ownership Agreement Templates by Type
Templates created by lawyers on the ContractsCounsel platform
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Used for co-owning a real estate property with other parties. Purchase comes in Word format with fillable fields to be customized for your purposes and will include instructions for completion.
Form includes the below sections:
- Nature of Relationship Between Co-Tenants
- Management
- Income and Expenses
- Obligations
- Sale or Encumbrance of Property
- Possession
- Treatment of Improvements
- Transfer or Encumbrance
- Partition
- Bankruptcy Option
- Bankruptcy Option
- General Provisions
100% Lawyer Drafted
100% Lawyer Drafted
Used for co-owning an asset or property with other parties. Purchase comes in Word format with fillable fields to be customized for your purposes and will include instructions for completion.
Form includes the below sections:
- Term
- Management
- Operating Capital and Expenses
- Rights of First Refusal as Condition Precedent to Sale to Third Party
- Right of Partition
- Relationship
- No Waiver
- Language of the Agreement
- Severability
- Modifications
- Notices
- Force Majeure
- Successors
- Governing Law
- Mediation and Arbitration
- Entire Agreement
- Binding Effect
100% Lawyer Drafted
100% Lawyer Drafted
Used for co-owning an intellectual property asset(s) with other parties. Purchase comes in Word format with fillable fields to be customized for your purposes and will include instructions for completion.
Form includes the below sections:
- Property
- Term
- Management
- Operating Capital and Expenses
- Rights of First Refusal as Condition Precedent to Sale to Third Party
- Right of Partition
- Relationship
- No Waiver
- Language of the Agreement
- Severability
- Modifications
- Notices
- Force Majeure
- Successors
- Governing Law
- Mediation and Arbitration
- Entire Agreement
- Binding Effect
100% Lawyer Drafted
100% Lawyer Drafted
100% Lawyer Drafted
100% Lawyer Drafted
100% Lawyer Drafted
100% Lawyer Drafted
Used for co-owning an investment with other parties. Purchase comes in Word format with fillable fields to be customized for your purposes and will include instructions for completion.
Form includes the below sections:
- The Investment
- Future Issuances of Securities
- Right of First Offer
- Right to Participate
- Right to Convert
- Transfer of Business Opportunities
- Public Update Meetings
- Legal Counsel
- Indemnification; Limitation of Liability
- Governing Laws
- Notices
- Force Majeure
- Successors
- Governing Law
- Mediation and Arbitration
- Entire Agreement
- Binding Effect
What is a Co-Ownership Agreement Template?
A co-ownership agreement template is a pre-formatted legal document that outlines the terms and conditions for jointly owning an asset(s) between two or more parties. These agreements address terms like ownership percentages, management responsibilities, operating capital and expenses, and right of first refusal if the asset was to be sold by a party of the agreement.
Given these are contract templates, this means a lawyer has drafted the agreement and left important fields to be filled in when the co-ownership agreements needs to be used. These fields include:
- Date of the agreement
- Names and addresses of the co-owners
- Percentage of ownership
- Description of the specific property being jointly owned
- Term of the agreement
- Manager of the jointly owned property
- Governing law and jurisdiction
What Are the Different Types of Co-Ownership Agreement Templates?
There are four main types of sponsorship agreement templates for sale in the ContractsCounsel template marketplace. These include:
- General Co-Ownership Agreement
- Real Estate Co-Ownership Agreement
- Investment Co-Ownership Agreement
- Intellectual Property Co-Ownership Agreement
General Co-Ownership Agreement Template
A general co-ownership agreement is a pre-formatted legal contract that sets the terms and conditions for two or more parties owning an asset jointly. This template will address the names of the owners, ownership percentage, management responsibilities, and first right of refusal.
General means it can be used across many different asset types, so it has been drafted in a more flexible way to apply to a wider range of assets.
Real Estate Co-Ownership Agreement Template
A real estate co-ownership agreement is a pre-formatted legal agreement that joint owners of a real estate property use to govern their relationship. This agreement defines the rights, responsibilities, and obligations of each party as it relates to the ownership, management, and eventual sale of the property.
This template is drafted specifically for the joint ownership of real estate
Investment Co-Ownership Agreement Template
An investment co-ownership agreement is a pre-formatted legal contract between the joint owners of an investment that governs the terms and conditions of their jointly owning the investment. The contract will address the names of the parties, ownership percentage, roles, and responsibilities, and how to handle the investment over time.
This template is specifically drafted for jointly owned investments.
Intellectual Property Co-Ownership Agreement Template
An intellectual property co-ownership agreement is a legal contract that governs the rights of the parties that jointly owners’ intellectual property – like trademarks, copyrights, patents, and trade secrets. The agreement lays out the terms and conditions that govern the parties’ relationships and outlines how the IP is managed and what happens when it sells.
This template is specifically drafted for jointly owning IP.
What Are the Most Important Terms Included in a Co-Ownership Agreement?
Depending on the type of co-ownership arrangement, terms can slightly vary. However, below are some common and important terms you will find in these templates:
- Owner Names. The agreement will clearly outline the legal names and addresses of the parties involved in owning the asset.
- Ownership Percentage. The agreement will make clear the ownership percentage of each party. Example, 50%, 25%, 5%, etc.
- Clear Description of Property. The agreement will clearly state the description (i.e., address, company name, etc.) of the property so there is no question what property is jointly owned.
- Management Responsibilities. The agreement will assign and address how the property or asset will be managed, and what roles the owners have in that. Note, property may be managed by a third party.
- Operating Capital and Expenses. The agreement will address any operating capital accounts and how expenses are handled between the owners.
- Right of First Refusal. If the asset is ever sold, it is common to see a right of first refusal being granted to the co-owners, which gives them the right to buy out another co-owner before selling the property to a third party.
How To Fill Out a Co-Ownership Agreement Template
Here is a step-by-step guide to fill out a co-ownership agreement template for sale on ContractsCounsel.
Step 1: Date of Agreement
The first step is to fill in the effective date of the agreement, which is the date the agreement starts. You will find a field in the template which looks like this: [DATE].
Step 2: Co-Owner Names and Addresses
The next step is to fill out the co-owners’ legal names and addresses, which are the fields [NAME OF CO-OWNER] and [COMPLETE ADDRESS].
Step 3: Ownership Percentage
The next step is to fill out the ownership percentage for the co-owners, which you will see a field named [PERCENTAGE].
Step 4: Description of Asset or Property
The next step is to fill in the description of the asset or property, and it is good to use a unique identify like an address or business name. This field will look like [DESCRIBE THE SPECIFICS OF THE PROPERTY].
Step 5: Management
The next step is to specify who will be managing the property or asset. Note, this could be a co-owner or a third-party company. This field says [SPECIFY PERSON/COMPANY] and is in the Management section.
Step 6: Governing Law
The next step is to fill in the governing law field of the agreement, which is the state laws that will govern the agreement. This is indicated in the template with a [STATE] field.
Step 7: Signatures
The final step is to populate the signatures section and have the co-owner’s sign.
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ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
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Meet some of our Co-Ownership Agreement Template Lawyers
Rebecca S.
I absolutely love helping my clients buy their first home, sell their starters, upgrade to their next big adventure, or transition to their next phase of life. The confidence my clients have going into a transaction and through the whole process is one of the most rewarding aspects of practicing this type of law. My very first class in law school was property law, and let me tell you, this was like nothing I’d ever experienced. I remember vividly cracking open that big red book and staring at the pages not having the faintest idea what I was actually reading. Despite those initial scary moments, I grew to love property law. My obsession with real estate law was solidified when I was working in Virginia at a law firm outside DC. I ran the settlement (escrow) department and learned the ins and outs of transactions and the unique needs of the parties. My husband and I bought our first home in Virginia in 2012 and despite being an attorney, there was so much we didn’t know, especially when it came to our HOA and our mortgage. Our real estate agent was a wonderful resource for finding our home and negotiating some of the key terms, but there was something missing in the process. I’ve spent the last 10 years helping those who were in the same situation we were in better understand the process.
"Rebecca you were awesome I appreciate you working with me and helping me get this done. I look forward to working with you in the future."
Terence B.
Terry Brennan is an experienced corporate, intellectual property and emerging company transactions attorney who has been a partner at two national Wall Street law firms and a trusted corporate counsel. He focuses on providing practical, cost-efficient and creative legal advice to entrepreneurs, established enterprises and investors for business, corporate finance, intellectual property and technology transactions. As a partner at prominent law firms, Terry's work centered around financing, mergers and acquisitions, joint ventures, securities transactions, outsourcing and structuring of business entities to protect, license, finance and commercialize technology, manufacturing, digital media, intellectual property, entertainment and financial assets. As the General Counsel of IBAX Healthcare Systems, Terry was responsible for all legal and related business matters including health information systems licensing agreements, merger and acquisitions, product development and regulatory issues, contract administr
"Appreciated Terry's extremely knowledgeable and helpful guidance. From the start, he wanted to ensure he understood the requirements I was asking for for the tech start-up company I was involved in. Terry communicated clearly and delivered a product that achieved my desired results with the company. I would use Terry's services again without question."
Matthew S.
Attorney with a wide-range of experience
"Matthew is exceptionally timely. He had a response back to me three days before the due date. He is easy to work with and an excellent communicator. If I ever need assistance in the future, I will reach out to Matthew."
Anna C.
I am a business attorney focused on practical, efficient contract drafting, review, and negotiation for healthcare organizations and growth-stage and established businesses. My work includes commercial agreements such as NDAs, MSAs/SOWs, leases, vendor and services agreements, SaaS, and employment and severance agreements. I partner closely with clients to identify key legal and business risks, deliver clear, business-minded redlines with concise issue summaries, and keep transactions moving. Clients value my responsive turnaround, judgment, and ability to balance risk with commercial objectives.
"As always, extremely professional, knowledgeable and glad to have Anna as part of my legal counsel."
Rocco D.
I'm in general practice with an emphasis on real estate, litigation, and contracts
February 23, 2024
Deborah S.
My name is Deborah Schwab, and I am an experienced attorney with a background in real estate, contract negotiation, and corporate governance. Currently, I am a transactional counsel with Priscott Legal, LLC, the partner law firm of Ontra.ai. In this remote role, I represent private equity and VC firms and negotiate a high volume of non-disclosure agreements, joinders, and other legal contracts. Prior to this, I served as legal counsel for PennTex Ventures, LLC, where I was responsible for negotiating, drafting, and reviewing contracts and agreements for sales and acquisition of real estate, lease negotiation, and resolving issues involving ancillary transactions. As the first in-house counsel for PTV, I was responsible for all legal and compliance matters and managed outside legal counsel. Before joining PennTex Ventures, I worked as real estate counsel for 84 Lumber & Nemacolin Woodlands, Inc., where I acquired eleven properties with a portfolio value in excess of $15 million. Prior to this, I spent several years as an attorney and supervisor at CNX/Consol Energy, where I worked as a title attorney, trained and managed a team of title attorneys/analysts, conducted due diligence for large land transactions, and identified business/legal risk exposure for multi-state projects. I received my Juris Doctor from Duquesne University and hold a Post Baccalaureate Paralegal Certificate from the same institution. Additionally, I earned a Bachelor of Arts from the University of Pittsburgh. I am also a court-appointed special advocate working as a volunteer with children who are in the foster care system. Thank you for taking the time to view my profile. I am always open to new opportunities and would be happy to connect with you.
John V.
Education: Georgetown Law (83), Yale (75- BA in Economics), Hotchkiss School (1970). Practice areas have included commercial litigation, individual litigation, and securities litigation and arbitration.
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