Document background
The Simple Joint Venture Agreement is a fundamental legal document used when two or more parties wish to establish a collaborative business venture under German law. This agreement is particularly relevant when parties seek to combine their resources, expertise, or market access while maintaining their separate legal identities. The document addresses essential aspects such as capital contributions, profit sharing, management structure, and operational procedures, all while ensuring compliance with German legal requirements, including the Civil Code (BGB) and Commercial Code (HGB). It's commonly used for both domestic German joint ventures and international collaborations where German law is chosen as the governing law. The agreement can be adapted for various business purposes, from manufacturing and distribution to research and development projects, and includes provisions for eventual termination or party exit strategies.
