Joint venture agreement

Two parties joining for one project: purpose, contributions, control, costs and profits, deadlock and exit.

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Not yet reviewed by a lawyer. Check every line before it is signed.

How the paper begins

With Dastavo's sample details; the people and places are fictional. The words in blue are the ones you fill in.

JOINT VENTURE AGREEMENT

This Joint Venture Agreement is made at Amarnagar on 12 October 2026 between Vikram Singh son of Shri Harbans Singh, aged about 52 years, resident of House No. 45, Gulab Colony, Amarnagar, Tehsil and District Amarnagar, Punjab (the "First Party"), and Verma Builders (GSTIN 06XXXXX0000X1ZX, Sector 9, Shantipur), acting through its authorised signatory Anil Verma son of Shri Ramesh Verma, aged about 31 years, resident of House No. 204, Sector 9, Shantipur, District Shantipur, Haryana (the "Second Party"); together the "Parties". Each Party includes its legal successors and permitted assigns.

WHEREAS the Parties wish to join their resources and skills to carry out the project described below under the name "Kalyanpur Greens" (the "Project"), and to share its costs and results on the terms below;

NOW THE PARTIES AGREE as follows:

1.That the Project is: building eight independent houses on the land described below, and selling them. The joint venture is limited to the Project, and neither Party shall use it, or its name, for any other business without the written consent of the other.

The rest of the paper is in Dastavo.

What to bring

Papers to bring

For each party: identity proof and PAN; for a company, LLP or firm, its registration papers and the board resolution or authority letter of the person who signs
If land is made available: the title papers (sale deed, latest jamabandi or fard), the khasra numbers and a site plan
The project plan and budget, and the approvals or licences already obtained
The joint bank account details, if opened, and the names of each party's committee member
Two witnesses, each with an identity proof

Where to go

Signed by both parties before two witnesses, usually on e-Stamp paper of the value the state fixes for an agreement. It need not be registered while no right in land passes under it; a transfer or lease of land to the venture needs its own stamped deed registered with the Sub-Registrar.

Fee

The e-Stamp duty follows the state's schedule for agreements; a deed that passes rights in land carries its own duty and registration fee. Ask the e-Stamp centre for today's amount.

Good to know

If the venture builds on one party's land, some states charge stamp duty as for a development agreement or a conveyance; check before printing.
The agreement does not make the parties a firm or a company, and each pays tax on its own share; ask a tax adviser how the venture will be taxed (it may be treated as a firm or an association of persons).
Keep the project's separate accounts and the committee's decisions in writing; most disputes turn on them.

Papers and fees can change. Check with the office before you go. Guidance only, not yet reviewed by a lawyer.

Stamp paper

Deeds and agreements carry stamp duty that depends on the state, the document and its value; some must be registered with the Sub-Registrar. Check the current duty and registration rules before printing on stamp paper.