Business Setup

Joint Venture Agreement

A Joint Venture Agreement governs a business collaboration between two or more parties for a specific purpose. Covers contributions, profit sharing, governance, and exit terms.

Generate this document

Legally sound

Drafted to comply with Kenyan law and international common law standards.

Ready in seconds

Fill in your details and get a complete, professional document instantly.

Fully customisable

Every clause is tailored to your specific situation and requirements.

What this document covers

JV parties' details
Purpose and scope of the joint venture
Capital contributions by each party
Profit and loss sharing
Governance and decision-making
Whether a separate entity is created
Exit provisions
IP ownership of JV outputs
Governing law clause

Frequently Asked Questions

Is a joint venture agreement enforceable in Kenya?
Yes. Joint ventures are governed by the Law of Contract Act (Cap. 23) and, if structured as a company, the Companies Act 2015. The agreement must clearly define each party's contributions, the purpose of the venture, profit sharing, governance, and exit mechanisms.
Does a joint venture create a separate legal entity in Kenya?
Not automatically. A joint venture can be contractual (no separate entity — the parties collaborate under contract) or corporate (a new company is incorporated for the purpose). The agreement should specify which structure is intended and the implications for liability.
Is a joint venture agreement valid internationally?
Yes. Joint ventures are common in international business and are enforceable across all common law jurisdictions. For cross-border joint ventures, specify the governing law, the jurisdiction of any dispute resolution, and how profits are repatriated.