Agreement Reference Number: [Enter Number]
Effective Date: [Enter Date]
Parties Involved: SayPro & [Joint Venture Partner Name]
1. PARTIES
1.1 SAYPRO (PARTNER 1)
Company Name: SayPro
Company Registration Number: 2018 / 537703 / 07
Registered Address: 167 14th Road, Midrand, Gauteng, South Africa, 1685
Representative: Mr. Neftaly Vutisani Malatjie, SayPro Chief Executive Officer
(Hereinafter referred to as “SayPro”).
1.2 JOINT VENTURE PARTNER (PARTNER 2)
Organization Name: [Enter Name]
Registration Number (if applicable): [Enter Number]
Physical Address: [Enter Address]
Representative Name: [Enter Name]
Position: [Enter Position]
(Hereinafter referred to as the “Joint Venture Partner”).
2. PURPOSE OF AGREEMENT
- This Agreement establishes a Joint Venture (JV) between SayPro and [Partner Name] to collaborate on [Project or Business Name].
- The JV is formed to [Define Key Objectives, e.g., business expansion, project execution, infrastructure development, research, etc.].
- The goal is to [Specify Key Outcomes, e.g., financial growth, skills transfer, economic impact, innovation, etc.].
3. SCOPE OF JOINT VENTURE
The scope of this Joint Venture includes:
- Business Development & Project Planning – Establishing operational goals, strategies, and execution plans.
- Resource Allocation & Investment – Defining financial and non-financial contributions from both parties.
- Operational Execution – Running day-to-day JV activities, governance, and risk management.
- Profit & Revenue Sharing – Establishing a financial model and equity distribution.
- Legal & Compliance Matters – Ensuring adherence to local regulations, tax laws, and reporting obligations.
4. STRUCTURE OF THE JOINT VENTURE
The Joint Venture will operate as:
☐ A New Legal Entity – Incorporating a new company with a separate identity.
☐ A Contractual Joint Venture – An agreement-based partnership without forming a new entity.
(Select the applicable structure)
4.1 OWNERSHIP & CAPITAL CONTRIBUTION
- SayPro Contribution: [Specify financial, intellectual, technological, or manpower contribution]
- Partner Contribution: [Specify financial, intellectual, technological, or manpower contribution]
- Equity Distribution: SayPro [Enter %], Partner [Enter %]
5. MANAGEMENT & DECISION-MAKING
- The Joint Venture will be co-managed by representatives from both parties.
- Board of Directors/Management Committee: [Specify the structure, number of members, and roles].
- Decisions will be made based on [Consensus / Voting System].
- Key Responsibilities: SayPro will handle [Define Role], Partner will handle [Define Role].
6. FINANCIAL ARRANGEMENTS
- Revenue Sharing: Profits and losses will be distributed as follows:
- SayPro: [Enter %]
- Joint Venture Partner: [Enter %]
- Banking & Financial Management: A joint bank account will/will not be established.
- Taxation & Regulatory Compliance: Both parties will ensure compliance with South African tax and legal obligations.
7. INTELLECTUAL PROPERTY & BRANDING
- Any new intellectual property developed under the JV shall be jointly owned / owned by [Specify].
- Use of logos, branding, and trademarks must be approved by both parties.
- Confidential information must not be disclosed to third parties without written consent.
8. DURATION & TERMINATION
- The JV will commence on [Start Date] and will operate until [Specify Duration or Indefinite].
- The Agreement may be terminated under the following conditions:
- Mutual agreement between both parties.
- Breach of contract, fraud, or misconduct by either party.
- Financial insolvency or regulatory constraints.
- Written notice of [Specify Period, e.g., 60 days] is provided.
9. DISPUTE RESOLUTION
- Any disputes shall first be resolved through negotiation.
- If unresolved, the matter shall be referred to mediation/arbitration under South African law.
10. GENERAL PROVISIONS
- Entire Agreement: This document represents the full understanding between both parties.
- Amendments: Any modifications must be in writing and signed by both parties.
- Legal Jurisdiction: This Agreement is governed by the laws of South Africa.
11. SIGNATURES
Signed on Behalf of SayPro (Partner 1)
Mr. Neftaly Vutisani Malatjie
SayPro Chief Executive Officer
Signature: _________________________
Date: _________________________
Signed on Behalf of [Joint Venture Partner] (Partner 2)
[Representative Name]
[Position]
Organization Name: [Enter Name]
Signature: _________________________
Date: _________________________
Witnesses
Witness 1:
Mr. Clifford Lesiba Legodi
SayPro Chief Operations Officer
Signature: _________________________
Date: _________________________
Witness 2:
Miss Tsakani Stella Rikhotso
SayPro Chief Learning and Monitoring Officer
Signature: _________________________
Date: _________________________
Witness 3:
Mr. Puluko Nkiwane
SayPro Chief Marketing Officer
Signature: _________________________
Date: _________________________
