deed of joint venture agreement

Published by on November 13, 2020

2004. To decide which option is best for you, be sure to consider how much you want to be involved, if at all, in the management of it. This AGREEMENT shall constitute the entire agreement between the PARTIES. [Nigerian Affiliate of International Operator] %, Syntroleum For the period beginning from the date of the ^ Both PARTIES reserve the right to examine, audit, or otherwise request documents pertaining to the JOINT PARTNERSHIP at will. Modify this this section to suit your needs. h�b```f``a �d.�b`B��"��@4�30g1��eA��hgA4��`��B�� _ Also, consider what will happen if the venture does not work out and the amount of risk you are willing to take. Share it with your network! This escrow agreement template can be used to identify an escrow agent and establish an escrow agreement between a buyer and seller. and, For Purposes of Section 9 of this Agreement only, REPRESENTATIONS AND WARRANTIES. JOINT VENTURE / PARTNERSHIP DEED THIS DEED OF JOINT VENTURE (J.V. OML 113 Lease; Now therefore the Parties agree as follows: ARTICLE 1 - DEFINITIONS AND INTERPRETATION, ARTICLE 2 ASSIGNMENT AND CONVEYANCE OF ASSIGNED INTERESTS, Before YFP Cost Recovery Payout and before Project Payout, After YFP Cost Recovery Payout but before Project Payout. company incorporated and existing under the laws of the Federal Republic of Nigeria with its registered address at St. Nicholas House, 9th Floor, Catholic Mission Street, Lagos, Nigeria (Syntroleum), and [insert name of International Operators Nigerian affiliate] a company incorporated and existing under the laws of the Federal Republic of Difference Between a Joint Venture and a Partnership, Joint Venture Features, Advantages and Disadvantages. THIS AGREEMENT is made effective as of the 7th day of October, 2004, YINKA FOLAWIYO PETROLEUM CO. LTD., a company incorporated and %%EOF All participants in a joint venture are responsible for all the costs, profits, and losses associated with it. The PARTNERSHIP MANAGER shall be responsible for making available all records and books at the time of audit. �P4z�F�F�B_��?� Also, it is important that a method of termination is specified in the agreement in the event the joint venture does not work out. A 60-day notice is typical for most joint ventures. endstream endobj 25 0 obj <>stream Each Additional Well will be spudded within twelve months of the plugging and abandonment or temporary abandonment of the previous Additional Well. This document is a template for a Joint Venture Agreement between two businesses. ARTICLE 7 OTHER RIGHTS AND OBLIGATIONS OF THE PARTIES, ARTICLE 8- A Joint Venture Agreement is a contract between two or more individuals or businesses who would like to undertake a new discrete project, start a new service, or do some other type of specific work together in order to make a profit.A Joint Venture Agreement is more limited than a Partnership Agreement, in that the parties are only working together for one specific activity. The PARTNERSHIP MANAGER shall see to the maintenance of records and books of all transactions relating to the AGREEMENT, to be stored at [LOCATION]. Unresolved disputes resulting from the JOINT PARTNERSHIP shall go to mediation before arbitration. One way to get into a joint venture is to agree to work with another business in a specific and limited way. Using an escrow agent during a business transaction introduces an impartial intermediary who agrees to hold funds until goods have been delivered. All the partners can have shares of the business and agree on the management aspects of it. Nigeria and having its registered address at This consulting agreement template is designed to help technical services consultants establish business contracts with new clients. Hire the top business lawyers and save up to 60% on legal fees. ARTICLE 15 - GOVERNING LAW AND Wells. The PARTNERSHIP MANAGER shall see to the day-to-day operation and function of the PARTNERSHIP, and shall report directly to the PARTNERS, collectively. complete copy of this agreement has been filed with the Securities and Exchange Commission. If you need help with joint ventures, you can post your legal need on UpCounsel’s marketplace. (whether declared or undeclared), invasion, sabotage, terrorism or threat of terrorism, riot, civil war, blockade, insurrection, acts of public enemies, non-availability of equipment or personnel, civil disturbances, and strikes, lockouts and other Oklahoma 74107 and Syntroleum Nigeria Limited., a company incorporated and existing under the laws of the Federal Republic of Nigeria with its registered address at St. Nicholas House, 9th Floor, Catholic Mission Street, Lagos, Nigeria, (hereinafter collectively referred to as Syntroleum); herein collectively referred to as the Parties and individually as a Party P&O Princess shall have given a termination notice under Section 9.01(c) of the Joint Venture Agreement or the Joint Venture Agreement shall have been terminated without any cost to P&O Princess (excluding any existing termination amount set forth in the Implementation Agreement between P&O Princess and Royal Caribbean Cruises Ltd., dated as of … The JOINT PARTNERS shall be bound only to those actions pertaining to the discharge of the business described in this AGREEMENT. limited liability organized under the laws of the Cayman Islands with offices at 4322 South 49th West Avenue, Tulsa, A joint venture, or JV, is a type of business arrangement where two or more parties make an agreement to pool all of their resources to achieve a specific goal. )/ PARTNERSHIP is executed this the _____day of _____, 200X BETWEEN Mr. _____, S/o ... Any dispute arising out of the terms of this agreement shall be referred to the arbitration for decision and award, which shall be binding on both the parties and industrial disturbances even if they were not beyond the reasonable control of the Party. �裓d��~i��=��?ƶ0v�n�b]���MV�|�-V'[��fU��~��4�]��S�-��4ee�}��Ei/�IѬa��[�?��x6��>f~��)��VOG��'�l-�P��D5�}g�ڔpk��]�N��>��ƃq�z��:�-��-u��K}�|'��iO�8E��Zq��A@�m��m/��lw�u!��DB��KJ��a(�>Rgi��!�荒�G��n(�Kѱ�Y?�:��hL�v�j��>�!In�N�R�pՐ��q�T_O��5Z M��M��5Iȑ�ڽ�О[�׫7��̨�f?��w��5�ف�H��Q�7��_��UY��a�4�AW�L��fэ��Δ��.��?�^�Z��6�͹isInߙ��?|�{b��ĸO� ��0� Each PARTNERSHIP is obligated by this AGREEMENT to give the other PARTNERSHIP written notice of their desire to terminate the PARTNERSHIP, no fewer than [NUMBER] days from the proposed termination date. “Agreements” means this Agreement, the Deed of Assignment, the Technical Assistance Agreement and the Joint Operating Agreement. The goal can be a task, a new project, or any form of business activity. SYNTROLEUM INTERNATIONAL HOLDINGS COMPANY, an exempted company with the parties hereto have caused their Common Seals to be hereto affixed the date and year first above written. h�bbd``b`J@�� H0��_��$� �3�� This AGREEMENT may be terminated upon the written agreement of the PARTNERS. Use this car lease agreement template to let them. be limited to, fire, flood, storm, hurricane, tornado, earthquake or other natural disaster, acts of war )p The CAPITAL funds are to be deposited in a SPECIAL ACCOUNT at [BANK], of [CITY], and are to be distributed immediately, upon the signatures of the representatives of the PARTIES. 0 During the period beginning on the Effective Date and UpCounsel accepts only the top 5 percent of lawyers to its site. Add images, video, pricing tables, and more. The Joint Venture shall be considered a joint venture between the Parties in all respects, and in no event shall this Agreement be construed to create a partnership or any other fiduciary relationship between the Parties. ending on the date of first Commercial Production from the OML 113 Lease the budget for such training program shall be not less than seventy-five thousand dollars (US$75,000) per Calendar Year.

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