Educational Information Only
The content on this page is for general educational purposes and does not constitute legal advice. Every legal situation is unique. For matters involving investigation, arrest, litigation, or formal proceedings, consult a qualified legal professional.
Joint Venture Agreement
Agreement for a temporary business collaboration between two or more parties for a specific project or purpose.
When to Use
When two businesses collaborate on a specific project without forming a new company. Common for construction, real estate development, and cross-border projects.
Key Clauses
JV Purpose & Scope
Specific project or business activity. Clearly limited scope prevents scope creep.
Contributions
Each party's contribution: capital, assets, expertise, licenses, or personnel.
Profit & Loss Sharing
Percentage allocation of profits and losses. May differ from contribution ratios.
Management Structure
JV management committee, decision-making process, voting rights.
Duration & Exit
Fixed term or project-based. Exit conditions and buyout mechanisms.
Intellectual Property
Pre-existing IP retained by each party. New IP created within JV: jointly owned or assigned.
Non-Compete
Parties agree not to compete with the JV during its term.
Warnings
JVs can create tax and liability exposure for both parties — consult a tax advisor.
Without a written JV agreement, default partnership rules apply (unlimited liability).
Foreign Business Act may apply if the JV engages in restricted activities.
Professional Legal Assistance
When a matter involves investigation, arrest, detention, litigation, or regulatory action, professional legal representation becomes essential.
Anglo Siam Legal provides experienced legal services across Thailand for both Thai nationals and foreigners.
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