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Joint Venture Agreement Sample

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Sign and Date the Contract - "If an entity is a party to a contract, it is imperative that the signature block properly identifies the party signing on behalf of that entity," writes Michigan attorney Michael J. Hamblin in his website's article How to Properly Sign a Contract so It Will Be Enforceable. The signature block should name the entity, then under the signature, the name and title of the person signing, such as: Jones Plumbing, LLC By: John Jones Manager. Each signee should include the date next to the signature.

Write a termination clause that explains the steps that one or both parties need to take in order to terminate the contract. For example, you may say that either party can terminate the agreement with a written 15-day prior notice to the other party. Also, include payment terms for any work completed to date that the customer is responsible for paying for this portion of the work. Write a dispute clause to establish the handling of a dispute between the two parties. For example, arbitration is one method the parties can agree to in the case where a dispute arises between them.

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