Termination Of Joint Venture Agreement Template

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Termination Of Joint Venture Agreement Template

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Termination Of Joint Venture Agreement Template (1)
Between:
[Name of Party A]
[Party A’s ID]
[Party A’s Address]
[Party A’s Phone]
[Party A’s Email]
And:
[Name of Party B]
[Party B’s ID]
[Party B’s Address]
Introduction:
This document formalizes the termination of the Joint Venture Agreement established on [Joint Venture Start Date], governing the collaboration for [Purpose of the Joint Venture].
Clause 1: Reason for Termination
The Joint Venture Agreement is terminated due to: [Specify reasons for termination, e.g., completion of objectives, mutual consent, breach of contract].
Clause 2: Effective Date
The termination of the Joint Venture will be effective as of [Effective Date].
Clause 3: Distribution of Assets
The parties agree to distribute any joint assets and liabilities as follows: [Specify distribution terms and conditions].
Clause 4: Confidentiality
Both parties will continue to be obligated to maintain the confidentiality of all proprietary information shared during the Joint Venture, even after termination.
Clause 5: Release of Liability
Each party releases the other from any further obligations arising from the Joint Venture Agreement, except for those outlined in this termination document.
Clause 6: Governing Law
This termination will be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Party A]
[Name of Party A]
[Signature of Party B]
[Name of Party B]
Termination Of Joint Venture Agreement Template (2)
Between:
[Name of Party A]
[Party A’s ID]
[Party A’s Address]
[Party A’s Phone]
[Party A’s Email]
And:
[Name of Party B]
[Party B’s ID]
[Party B’s Address]
Introduction:
This agreement outlines the formal termination of the Joint Venture initiated on [Joint Venture Start Date], related to [Objective of the Joint Venture].
Clause 1: Grounds for Termination
The Joint Venture will be terminated under the following grounds: [Specify grounds such as failure to meet objectives, legal issues, etc.].
Clause 2: Final Settlement
The parties agree to settle all accounts and liabilities associated with the Joint Venture by [Final Settlement Date].
Clause 3: Return of Property
All parties must return any property shared during the Joint Venture, in accordance with the following terms: [Specify terms for return of property].
Clause 4: Non-Disclosure Agreement Continuation
Both parties maintain the obligation of confidentiality as per the original Non-Disclosure Agreement effective as of [NDA Date].
Clause 5: Legal Compliance
Each party shall ensure that all actions taken regarding this termination comply with applicable laws and regulations.
Clause 6: Governing Law
This termination will be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Party A]
[Name of Party A]
[Signature of Party B]
[Name of Party B]

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Please complete the form below to create the Termination of Joint Venture Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Termination of Joint Venture Agreement Template

1. Joint Venture Information


2. Party Information





3. Termination Date

4. Reason for Termination

5. Distribution of Assets and Liabilities

6. Final Acknowledgements

7. Confidentiality After Termination

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures



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Termination Of Joint Venture Agreement Template

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Termination Of Joint Venture Agreement Template