A Joint Venture Dissolution Agreement is essential when parties wish to formally terminate their joint venture relationship in Canada. This document becomes necessary when joint venture partners decide to end their collaboration due to various reasons such as achieved objectives, changed market conditions, or strategic realignment. The agreement must comply with both federal and provincial Canadian laws, including the Canada Business Corporations Act and relevant provincial partnership legislation. It covers crucial aspects such as asset division, liability allocation, employee matters, and ongoing obligations. The document serves as a comprehensive roadmap for unwinding the joint venture while protecting all parties' interests and ensuring a smooth transition.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all joint venture partners and their legal details
2. Background: Brief history of the joint venture, reference to original agreement, and reason for dissolution
3. Definitions: Key terms used throughout the agreement
4. Dissolution Terms: Formal agreement to dissolve, effective date, and general terms of dissolution
5. Asset Distribution: Principles and process for distributing joint venture assets among partners
6. Liability Allocation: Distribution of existing liabilities and responsibilities
7. Financial Settlement: Financial adjustments, final accounting, and payment terms
8. Tax Matters: Handling of tax obligations and allocations
9. Confidentiality: Ongoing obligations regarding confidential information
10. Mutual Release: Release of claims between parties post-dissolution
11. Governing Law: Applicable law and jurisdiction
12. General Provisions: Standard boilerplate clauses including notices, amendments, and counterparts
1. Employee Matters: Include when the joint venture has employees who need to be transferred or terminated
2. Intellectual Property Rights: Include when there are IP rights to be allocated between partners
3. Ongoing Obligations: Include when certain obligations continue post-dissolution
4. Non-Competition: Include when partners wish to restrict future competitive activities
5. Transition Services: Include when one partner will provide services to another during transition
6. Customer/Supplier Contracts: Include when there are third-party contracts to be assigned or terminated
7. Environmental Matters: Include when there are environmental liabilities or obligations
8. Dispute Resolution: Include when parties want specific dispute resolution procedures
1. Schedule A - Asset Inventory: Detailed list of all joint venture assets and their agreed distribution
2. Schedule B - Liability List: Comprehensive list of all liabilities and their allocation
3. Schedule C - Financial Settlement Terms: Detailed financial calculations and payment schedules
4. Schedule D - Employee List: List of employees and their disposition
5. Schedule E - Contracts List: List of all contracts and their treatment upon dissolution
6. Schedule F - Intellectual Property: Inventory of IP assets and their allocation
7. Appendix 1 - Closing Checklist: List of actions required to complete the dissolution
8. Appendix 2 - Required Notices: Templates for notices required to be given to third parties
Relevant legal definitions
Clauses
Relevant Industries
Energy and Natural Resources
Manufacturing
Real Estate and Construction
Technology
Infrastructure
Mining
Financial Services
Telecommunications
Healthcare
Retail and Consumer Goods
Transportation and Logistics
Relevant Teams
Legal
Finance
Corporate Development
Executive Leadership
Operations
Risk and Compliance
Commercial
Business Development
Strategy
Corporate Secretariat
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
General Counsel
Corporate Secretary
Managing Director
Business Development Director
Joint Venture Manager
Commercial Director
Operations Director
Finance Director
Legal Counsel
Corporate Development Manager
Risk Manager
Compliance Officer
Find the exact document you need
Trading Partner Agreement
A Canadian-law governed agreement establishing terms and conditions for ongoing trading relationships between business partners.
Download
Alliance Agreement
A Canadian-law governed agreement establishing strategic partnership terms between organizations, including collaboration frameworks and mutual obligations.
Download
Website Partnership Agreement
A Canadian-law governed agreement establishing terms and conditions for website partnership arrangements, including operations, revenue sharing, and compliance requirements.
Download
Influencer Collaboration Agreement
A Canadian-law governed agreement establishing terms between brands and social media influencers for content creation and marketing collaboration.
Download
Non Profit Organization Partnership Agreement
A Canadian-law governed agreement establishing a formal partnership between non-profit organizations, defining their collaborative framework and mutual obligations.
Download
Organization Partnership Agreement
A Canadian-law governed agreement establishing and regulating a business partnership, defining partners' rights, responsibilities, and operational framework.
Download
Budget Partnership Agreement
A Canadian-law governed agreement establishing financial collaboration framework between partners, including budget allocation and management processes.
Download
Social Media Collaboration Agreement
Canadian-law governed agreement establishing terms for social media collaboration, including content, compensation, and compliance requirements.
Download
Venture Capital Partnership Agreement
A Canadian-law governed agreement establishing the terms and structure of a venture capital partnership, defining relationships between general and limited partners.
Download
Simple Collaboration Agreement
A Canadian law-governed agreement establishing terms for parties to collaborate on specific projects while maintaining their independence.
Download
Domestic Partnership Letter
A Canadian legal document declaring and establishing a domestic partnership between two individuals for benefits, insurance, and legal purposes.
Download
Salaried Partnership Agreement
A Canadian law-governed agreement establishing the terms and conditions for a salaried partner's position within a professional partnership, including rights, duties, and compensation.
Download
Social Media Partnership Agreement
A Canadian-law governed agreement establishing terms and conditions for social media collaboration between partners, including content creation, posting requirements, and compliance matters.
Download
Partnership License Agreement
A Canadian-law governed agreement establishing both partnership and licensing arrangements between parties, combining collaborative business relationship with specific licensing rights.
Download
Partnership Agreement For Restaurant Business
A Canadian legal agreement establishing a partnership structure for restaurant business operations, outlining partners' rights, responsibilities, and operational guidelines under federal and provincial laws.
Download
Memorandum Of Understanding For Business Partnership
A non-binding preliminary agreement outlining proposed terms and conditions for business partnership formation under Canadian law.
Download
Legal Partnership Agreement
A Canadian-law governed agreement establishing the terms and conditions of a business partnership, including partner rights, responsibilities, and operational framework.
Download
Formal Partnership Agreement
A Canadian legal agreement establishing a formal partnership between two or more parties, outlining rights, responsibilities, and operational framework under federal and provincial laws.
Download
Collaboration Partnership Agreement
A Canadian law-governed agreement establishing terms and conditions for collaborative partnerships between multiple parties, including scope, responsibilities, and resource commitments.
Download
Vacation Home Partnership Agreement
A Canadian legal agreement establishing terms and conditions for shared ownership and management of a vacation property between multiple co-owners.
Download
Temporary Partnership Agreement
A Canadian-law governed agreement establishing a temporary partnership between parties, defining terms, duration, and partnership obligations.
Download
Technology Partnership Agreement
A Canadian-law governed agreement establishing terms and conditions for technology partnership between multiple parties, including IP rights, data protection, and operational frameworks.
Download
Sweat Equity Partnership Agreement
A Canadian-law governed agreement establishing terms for converting work contribution into business ownership rights, including equity allocation and performance requirements.
Download
Strategic Alliance Partnership Agreement
A Canadian-law governed agreement establishing a strategic partnership between organizations, defining terms for collaboration and mutual growth.
Download
Startup Partnership Agreement
A Canadian-law governed agreement establishing the framework for startup partnerships, defining ownership, responsibilities, and operational structure.
Download
Software Partnership Agreement
A Canadian-law governed agreement establishing partnership terms for software development, distribution, or maintenance between multiple entities.
Download
Software Partner Agreement
A Canadian-law governed agreement establishing partnership terms between software providers and their business partners for software distribution and implementation.
Download
Sponsorship Partnership Agreement
A Canadian-law governed agreement establishing terms and conditions for sponsorship relationships, including rights, obligations, and commercial terms between sponsors and sponsored parties.
Download
Shareholders Agreement Joint Venture
Canadian-law governed agreement establishing shareholder relationships and governance structure in a joint venture, defining rights, obligations, and operational parameters.
Download
Simple Partnership Dissolution Agreement
A Canadian legal document that formally terminates a partnership and outlines the terms for distributing assets, settling liabilities, and releasing partners from future claims.
Download
Simple Limited Partnership Agreement
A Canadian legal agreement establishing a limited partnership structure between managing general partners and passive limited partner investors, defining their rights, obligations, and business relationships.
Download
Revenue Share Partnership Agreement
A Canadian legal agreement establishing terms for partnership revenue sharing, compliant with federal and provincial partnership laws.
Download
Sales Cooperation Agreement
A Canadian-law governed agreement establishing terms for cooperative sales arrangements between parties, including revenue sharing and territorial rights.
Download
Real Estate Limited Partnership Agreement
A Canadian law-governed agreement establishing a limited partnership structure for real estate investment, defining partner relationships, operational terms, and compliance requirements.
Download
Real Estate Joint Venture Agreement
A Canadian-law governed agreement establishing a joint venture between parties for real estate development, investment, or management purposes.
Download
Profit And Loss Partnership Agreement
A Canadian-law governed agreement establishing terms, conditions, and profit/loss sharing arrangements between business partners.
Download
Product Partnership Agreement
A Canadian-law governed agreement establishing terms for product-related business partnerships, including development, manufacturing, and distribution rights and obligations.
Download
Preferred Partnership Agreement
A Canadian legal agreement establishing a partnership structure with preferred and general partners, defining rights, obligations, and profit distribution priorities.
Download
Preferred Partner Agreement
Canadian-law governed agreement establishing a preferred partnership relationship between entities, defining partnership terms and mutual obligations.
Download
Pre Partnership Agreement
A Canadian legal document establishing the framework and conditions for forming a future partnership, governed by federal and provincial partnership laws.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)