Fill and Sign the Joint Venture Agreement Re Tony N Tinas Wedding Broadway Form

General Form of Joint Venture Agreement Agreement made on the _________________________ (date), between ____________________________________ (Name), a corporation organized and existing under the laws of the state of _________________, with its principal office located at ______________ ______________________________________________________________________________ (street address, city, county, state, zip code), referred to herein as JV-1, and ________________ ________________ (Name), a corporation organized and existing under the laws of the state of ____________________, with its principal office located at _____________________________ ______________________________________________________________________________ (street address, city, county, state, zip code), referred to herein as JV-2. Whereas, the parties desire to participate in a business venture together; and Whereas, each party is willing to invest money to finance the conduct of the venture. Whereas, it is agreed that the most desirable form of business for conducting the venture is a joint venture. Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Scope and DescriptionBy this Agreement, the parties create a joint venture to (brief description of venture) _________________________________________________________________________________________________________________________________________________________________________________________________________________________________ for profit. The joint venture shall be conducted under the name of _________________________________ (Name of Venture). The principal place of business shall be at ___________________________ ______________________________________________________________________________ (street address, city, county, state, zip code). ________________________________ (Name of Venture) is hereinafter referred to a Venture. 2. ContributionsJV-1 is to contribute $________________ to the Venture. JV-2 is to contribute personal property described as follows: ________________________________, having an agreed value of $________________ and his time and skill as a (describe) ____________________________ ____________________________________________________________________________________________________________________________________________________________ for the duration of the Venture, to insure its success. Contributions of money and property shall be made on or before _
(date), and may be deducted from and added to the original contributions before all are received. This agreement shall be recorded in the office of the (recorder) of (state) on the (date), and the same shall be the record of this joint venture. 3. Agreementjv-2 is to enter into with any and all other persons engaged in the venture that they will not sue or prosecute the venture or j v-2 for any tort or for any violation of any public or common law, right, privilege, or interest of any kind whatever, which might be asserted against any of them in any forum as a result of the conduct of the venture. If any such other party or any of his assigns, servants, or agents, willfully violates any of the conditions of this joint venture, he shall be deemed guilty of treason and shall suffer death, in the discretion of the court. 4. Liabilityjv-1 and 2 are jointly and severally liable for damages arising out of or in connection with the transaction or the failure to complete the venture. In default of such mutual covenants, the joint venture will not hold, and j v-1 shall not engage in the venture. 5. Assignmentjv-2 is allowed to assign, transfer, pledge, or otherwise dispose of any or all of his interests in the venture to any successor of him, and he agrees to perform any such assignment or transfer, in such manner as shall appear appropriate to him. This agreement shall be recorded in the office of the (recorder) of (state) on the (date), and the same shall be the record of this joint venture. 6. Limitationjv-1 is to purchase or otherwise acquire the property described above, not in excess of the greater of (number of times sold and the lesser of the two amounts) the lesser of 1,000 or the greater of 50,000 or the difference between the two, provided, that if the venture is terminated prior to the first sale or in excess of the greater of 1,000 or 50,000, or the difference between the two, the joint venture shall pay a judgment against each of the parties upon the premises at such trial to be conducted separately, not exceeding 1,000. The joint venture shall pay a judgment against each of the parties upon the premises at such trial to be conducted separately, not exceeding 50,000. If the venture is terminated prior to the first sale, or in excess of the greatest of 1,000 or 50,