Joint venture agreement template for Australian businesses
Team up on one project without merging your businesses or your liabilities.
Ready in about 15 minutes
What this document does
This agreement is for two or more businesses that want to work together on a specific project or venture while staying separate companies. It sets out what each party puts in, how they share what comes out, who runs the venture and how a party gets out. It is built as an unincorporated joint venture on purpose, so it shares output or revenue rather than pooling net profit, which is what keeps it from becoming a partnership where each party is liable for the others. If you actually want to pool profits or bring in investors, the guidance points you to a partnership or a company instead.
The questions we’ll ask
The joint venture
Term
Interests & management basics
The participants
Funding and default
Committee or operator details
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Questions people ask.
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- Is a joint venture the same as a partnership?
- No, and this agreement is written to keep them apart. A partnership pools net profit and makes each partner liable for the whole firm's debts. This joint venture shares output or revenue instead, so each party carries its own costs and its own liability. That distinction is deliberate and runs through the document, because getting it wrong is what accidentally creates a partnership.
- How many parties can it cover?
- Two or more. You add a card for each participant and fill in their details one at a time, so it works for two businesses or several. A participant can be a company or an individual, and the signing block adjusts, with company parties executing under section 127.
- Who runs the joint venture?
- You choose. Either a committee of the participants makes decisions, voting by interest or per party, or one party is appointed as the operator to run day-to-day matters for a fee. Either way, a list of reserved matters still needs a higher level of agreement before the venture can act on them.
- What happens if the parties reach a deadlock?
- The agreement includes an optional deadlock process, so a dispute that stalls the venture has a way out rather than freezing it. You can set a buy-out or an orderly sale as the mechanism, and there is a staged dispute process before anyone goes to court.
- Is this a subscription?
- No. It is $49 once. No monthly fee, no auto-renewal. You buy the document and can reuse it if the venture changes.
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