ContractsCounsel Logo

Real Estate Joint Venture Agreement

Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 7,503 reviews
Home Types of Contracts Real Estate Joint Venture Agreement

Jump to Section

Need help with a legal contract?

Post Project Now

Post Your Project (It's Free)

Get Bids to Compare

 Hire Your Lawyer

Real Estate Joint Venture Agreement is a vital legal contract that establishes the terms and conditions of a partnership between parties engaged in real estate. Joint ventures have become a popular investment strategy in the real estate industry.

A joint venture is a contractual arrangement between two or more parties who come together to pool their resources, expertise, and capital to invest in a real estate project. Joint ventures can offer several advantages, such as accessing a larger pool of capital, sharing risks and liabilities, leveraging complementary expertise and skills, diversifying real estate portfolio, and expanding market reach and opportunities.

Essential Elements of a Real Estate Joint Venture Agreement

A real estate joint venture agreement is a legally binding contract that outlines the terms and conditions of the joint venture. It is essential to clearly define the key components of a real estate joint venture agreement to avoid conflicts and misunderstandings. The elements of a real estate joint venture agreement include:

  • Parties Involved and their Responsibilities
    • Identifying the parties involved in the joint venture, including the joint venture partners and their roles and responsibilities.
    • Clearly defining the rights, obligations, and responsibilities of each party in relation to the joint venture project.
    • Specifying the contribution of each party in terms of capital, resources, and expertise.
  • Capital Contributions and Profit Sharing Arrangements
    • Detailing the capital contributions required from each party, including the initial investment and additional capital contributions during the course of the joint venture.
    • Specifying the profit sharing arrangements, including how profits will be distributed among the joint venture partners.
    • Clarifying the procedures for accounting, reporting, and auditing of the joint venture project.
  • Decision-Making Authority and Governance Structure
    • Establishing the decision-making authority and governance structure of the joint venture.
    • Defining the voting rights and decision-making processes, including majority or unanimous consent requirements for key decisions.
    • Outlining the roles and responsibilities of a joint venture manager or management committee, if applicable.
  • Duration and Termination Clauses
    • Specifying the duration of the joint venture, including the start and end dates, or any provisions for extending or terminating the joint venture.
    • Including termination clauses that outline the circumstances under which the joint venture can be terminated, such as breach of contract, bankruptcy, or mutual agreement.
  • Dispute Resolution Mechanisms
    • Establishing dispute resolution mechanisms to resolve any conflicts or disputes that may arise during the course of the joint venture.
    • Specifying the methods of dispute resolution, such as mediation, arbitration, or litigation, and the applicable laws and jurisdictions.
  • Intellectual Property Rights, Confidentiality, and Non-Compete Clauses
    • Addressing intellectual property rights, confidentiality, and non-compete clauses to protect the interests of the joint venture partners.
    • Outlining the ownership, use, and protection of any intellectual property developed or used during the joint venture project.
    • Specifying the confidentiality requirements and non-compete obligations of the joint venture partners during and after the joint venture period.
  • Exit Strategies and Procedures
    • Including exit strategies and procedures that outline the options for joint venture partners to exit the joint venture.
    • Specifying the procedures for selling, transferring, or refinancing the joint venture project.
    • Addressing any pre-emptive rights, buy-sell provisions, or other exit mechanisms.

Pros and Cons of Real Estate Joint Ventures

Joint ventures allow for sharing of risks and liabilities among the joint venture partners. This can help in mitigating risks associated with real estate investments, such as market fluctuations, property management challenges, and unforeseen expenses.


  • Leveraging Complementary Expertise and Skills

    Joint ventures enable pooling of diverse expertise and skills from different parties. This can lead to synergies and efficiencies in managing the real estate project, such as leveraging the construction expertise of one partner and the marketing skills of another.

  • Diversifying Real Estate Portfolio

    Joint ventures allow for diversification of real estate portfolio by investing in different types of properties, locations, or markets. This can help in spreading the investment risks and maximizing returns by tapping into various real estate opportunities.

  • Expanding Market Reach and Opportunities

    Joint ventures can facilitate market expansion by partnering with local developers, investors, or stakeholders who have a strong presence in a particular market. This can provide access to new markets, opportunities, and networks that may not be available individually.


However, real estate joint ventures also come with certain drawbacks, including:

  • Shared Decision-Making and Control

    Joint ventures require shared decision-making and control among the joint venture partners. This can lead to conflicts or delays in decision-making, especially if the partners have different opinions or priorities.

  • Complex Legal and Financial Arrangements

    Joint ventures involve complex legal and financial arrangements that require careful negotiation, drafting, and execution of the joint venture agreement. This can be time-consuming, costly, and may require legal and financial expertise to navigate through the legal and financial intricacies.

  • Potential Risks of Partner Default or Breach

    Joint ventures are dependent on the performance and commitment of all the joint venture partners. If one of the partners defaults or breaches the joint venture agreement, it can impact the success and viability of the real estate project.

  • Sharing of Profits and Control

    Joint ventures require sharing of profits among the joint venture partners as per the agreed profit sharing arrangements. This may result in sharing a portion of the profits that could have been retained individually, and may also require ceding some control over the project.

Meet some lawyers on our platform

Brian R.

1 project on CC
View Profile

Emmanuel K.

1 project on CC
View Profile

Nicholas M.

7 projects on CC
View Profile

Owen K.

7 projects on CC
View Profile

Key Terms for Real Estate Joint Venture Agreements

  • Profit Sharing Arrangements: Specifies how the profits from the joint venture will be divided among the partners.
  • Governance Structure: Outlines the decision-making authority and management structure of the joint venture.
  • Capital Contributions: Defines the amount and timing of capital contributions from each partner to fund the joint venture.
  • Duration and Termination Clauses: Specifies the duration of the joint venture and the conditions for termination or dissolution.
  • Exit Strategies and Procedures: Outlines the process for exiting or selling the joint venture, including buyout options, valuation methods, and dispute resolution mechanisms.

Final Thoughts on Real Estate Joint Venture Agreements

Real estate joint ventures can be a lucrative investment strategy for investors looking to leverage capital, resources, and expertise to invest in real estate projects.

However, it is crucial to carefully negotiate, draft, and execute a comprehensive joint venture agreement that clearly outlines the terms and conditions of the joint venture, including the roles and responsibilities of the parties, capital contributions and profit sharing arrangements, decision-making authority and governance structure, duration and termination clauses, dispute resolution mechanisms, intellectual property rights, confidentiality and non-compete clauses, and exit strategies and procedures.

Understanding the pros and cons of real estate joint ventures can help investors make informed decisions and mitigate risks associated with such ventures. Seeking legal and financial advice from experienced professionals is recommended to ensure a successful and smooth real estate joint venture partnership.

If you want free pricing proposals from vetted lawyers that are 60% less than typical law firms, click here to get started. By comparing multiple proposals for free, you can save the time and stress of finding a quality lawyer for your business needs.

How ContractsCounsel Works
Hiring a lawyer on ContractsCounsel is easy, transparent and affordable.
1. Post a Free Project
Complete our 4-step process to provide info on what you need done.
2. Get Bids to Review
Receive flat-fee bids from lawyers in our marketplace to compare.
3. Start Your Project
Securely pay to start working with the lawyer you select.

Meet some of our Real Estate Joint Venture Agreement Lawyers

Harry S. on ContractsCounsel
View Harry
5.0 (1)
Member Since:
July 27, 2021

Harry S.

Free Consultation
9 Yrs Experience
Licensed in NY

Stirk Law is a law firm based in London that advises on dispute resolution, commercial and corporate arrangements, employment and private wealth. We are experts in our areas and experienced in advising on complex and high value matters in the UK and internationally. We have extensive onshore and offshore experience across a variety of areas such as the administration of trusts together with complex fraud and trust disputes. Our expertise includes the conduct of significant and high-value cases valued at up to in excess of £1 billion over a combined 40 years of legal practice in England, Jersey and Guernsey. As well as having a large international network, we work closely with a corporate investigations and risk advisory business based in London and Vienna. Together we can deliver a holistic service for cases involving fraud, dissipation of assets or other illegal activity.

Talin H. on ContractsCounsel
View Talin
5.0 (1)
Member Since:
July 29, 2021

Talin H.

Free Consultation
14 Yrs Experience
Licensed in IL
DePaul College of Law

Talin has over a decade of focused experience in business and international law. She is fiercely dedicated to her clients, thorough, detail-oriented, and gets the job done.

Craig M. on ContractsCounsel
View Craig
5.0 (3)
Member Since:
August 2, 2021

Craig M.

Free Consultation
7 Yrs Experience
Licensed in ME
New York Law School

I have been practicing law for more than 4 years at a small firm in York County, Maine. I recently decided to hang my shingle, Dirigo Law LLC. My practice focuses mostly on Real Estate / Corporate transactions, Wills, Trusts, and Probate matters.

Stanley K. on ContractsCounsel
View Stanley
Member Since:
July 29, 2021

Stanley K.

Corporate Attorney
Free Consultation
Waltham, MA
29 Yrs Experience
Licensed in CA, MA, TX
University of Texas School of Law

Stan provides legal services to small to medium-sized clients in the New England region, and throughout the U.S. and abroad. His clients are involved in a variety of business sectors, including software development, e-commerce, investment management and advising, health care, manufacturing, biotechnology, telecommunications, retailing, and consulting and other services. Stan focuses on the unique needs of each of his clients, and seeks to establish long term relationships with them by providing timely, highly professional services and practical business judgment. Each client's objectives, business and management styles are carefully considered to help him provide more focused and relevant services. Stan also acts as an outsourced general counsel for some of his clients for the general management of their legal function, including the establishment of budgets, creation of internal compliance procedures, and the oversight of litigation or other outside legal services.

Sam W. on ContractsCounsel
View Sam
Member Since:
July 30, 2021

Sam W.

Entertainment attorney
Free Consultation
Los Angeles
9 Yrs Experience
Licensed in CA
Columbus School of Law, The Catholic University of America

Sam Widdoes has practiced law in California since 2014. He began his career as a litigation associate at a boutique firm in Los Angeles, and founded a production development company with a partner in 2017. Since then, Sam has served as the head of business and legal affairs at District 33, while working hand-in-hand with writers, directors and actors to develop, pitch and produce scripted and unscripted content. In that role, Sam produced the documentary series BLACKBALLED for Quibi/Roku, and will produce the upcoming documentary feature AS WE SPEAK directed by J.M. Harper for Paramount+/MTV, and the doc series THE BLACK BOX for MRC and XYZ Films. He is also the executive producer of an upcoming limited series with CBS TV starring Judith Light and Noah Wyle called SHADOWS IN THE VINEYARD, and a feature comedy for Spyglass Entertainment, among other projects. In early 2022, Sam opened WIDDOES LAW, APC, after recognizing a need for experienced legal services in the unscripted and documentary spaces. Since opening his own practice, Sam has advised producers, editors, directors and rights holders on a variety of agreement negotiations, including option purchase contracts, collaboration agreements and documentary producer deals. Sam also serves as production counsel for several documentary features, series and short films, and will draft, negotiate and advise on all legal aspects of the projects, including financing, production and distribution. Sam earned his Juris Doctor from The Catholic University of America, Columbus School of Law in 2013, where he graduated on the Dean's List and as a member of the Society of Trial Advocates. He holds a BA in journalism from the University of Richmond, and sits on the Board of Trustees at Turning Point School in Culver City, California. Sam is passionate about quality storytelling, and supporting those with the vision and drive to share their stories with the world.

Robert D. on ContractsCounsel
View Robert
Member Since:
August 3, 2021

Robert D.

Solo Practitioner
Free Consultation
Cincinnati, OH
29 Yrs Experience
Licensed in DC, NY
University North Carolina Chapel Hill School of Law

Robert is a skilled corporate lawyer, licensed to practice law in NY and DC. He has over 25 years of experience, with a focus on Venture Capital, Private Equity, M&A, General Business Law and Company Formation. Robert brings business side experience to every legal transactions. This allows him to shape a client's legal needs around its business goals to drive success in an effective and efficient manner.

Tim M. on ContractsCounsel
View Tim
Member Since:
August 3, 2021

Tim M.

Managing Partner
Free Consultation
Cambridge, MA
25 Yrs Experience
Licensed in MA, NY
Boston College Law School

Tim has 20 years of experience representing a wide variety of emerging and established companies in the technology, software, bitcoin and professional services industries. He works directly with his clients’ executives and boards of directors on corporate, intellectual property, and securities law issues. Recently, Tim has advised clients on Series A and Series B financings, corporate structuring, complex video licensing agreements, and structuring new hedge funds. Tim previously served as Forrester Research, Inc.’s General Counsel and Secretary where he was chief legal officer, led the company’s legal group, and managed the company’s legal and regulatory affairs. Tim played an integral role in the company’s initial public offering in 1997 and coordinated its secondary offering in 2000. He directed the legal process in the company’s acquisitions of Giga Information Group, Inc., Fletcher Research and Forit GmbH and oversaw over $125million in transactions. He also managed the company’s intellectual property assets. Tim is admitted to practice in Massachusetts and New York. Tim holds a Juris Doctor degree from the Boston College Law School and a Bachelor of Arts degree from Trinity College

Find the best lawyer for your project

Browse Lawyers Now
Real Estate Joint Venture Agreement lawyers by city
See All Real Estate Joint Venture Agreement Lawyers
related contracts
See More Contracts
other helpful articles

How It Works

Post Your Project

Get Free Bids to Compare

Hire Your Lawyer


Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call

Find lawyers and attorneys by city