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SayPro Joint Venture Agreement Template SayProP116-CT069

SayPro is a Global Solutions Provider working with Individuals, Governments, Corporate Businesses, Municipalities, International Institutions. SayPro works across various Industries, Sectors providing wide range of solutions.

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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:

  1. Business Development & Project Planning – Establishing operational goals, strategies, and execution plans.
  2. Resource Allocation & Investment – Defining financial and non-financial contributions from both parties.
  3. Operational Execution – Running day-to-day JV activities, governance, and risk management.
  4. Profit & Revenue Sharing – Establishing a financial model and equity distribution.
  5. 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: _________________________

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