Commercial Partnership Agreement (Joint Venture) Between Companies
Draft a commercial partnership or joint venture agreement with clear governance rules, profit-sharing, and exit mechanisms.
Structure a commercial partnership or joint venture legally, defining responsibilities, investments, governance, and dissolution mechanisms.
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Prompt objective
Structure a commercial partnership or joint venture legally, defining responsibilities, investments, governance, and dissolution mechanisms.
Real use case
VerdeTech (IoT solutions for agribusiness, Campinas) and AgroData (farm data analytics, Ribeirão Preto) want to create a joint venture to launch an integrated crop monitoring platform, with a combined investment of R$2.4 million.
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Prompt
Draft a commercial partnership/joint venture agreement between [COMPANY A] and [COMPANY B] for [PARTNERSHIP OBJECTIVE].\\\\\\\\n\\\\\\\\n**Party Details:**\\\\\\\\n- Company A: [LEGAL NAME], [REGISTRATION NUMBER], contributing [DESCRIPTION: capital/technology/team/customers]\\\\\\\\n- Company B: [LEGAL NAME], [REGISTRATION NUMBER], contributing [DESCRIPTION]\\\\\\\\n- Total Investment: R$ [AMOUNT]\\\\\\\\n- Ownership Stake: A = [PERCENTAGE]% / B = [PERCENTAGE]%\\\\\\\\n\\\\\\\\n**Essential Clauses:**\\\\\\\\n\\\\\\\\n1) **Purpose and Scope**: Partnership activities, target market, geographic limitations\\\\\\\\n2) **Legal Structure**: SPC (Special Purpose Entity), consortium, or operating agreement\\\\\\\\n3) **Contributions and Capital**:\\\\\\\\n - Contribution schedule by party\\\\\\\\n - Valuation of non-monetary contributions (technology, customer base)\\\\\\\\n - Consequences for non-payment of contributions\\\\\\\\n4) **Governance**:\\\\\\\\n - Management committee: composition, quorum, meetings\\\\\\\\n - Matters requiring unanimous consent (mutual veto rights)\\\\\\\\n - Day-to-day administration: who executes\\\\\\\\n5) **Profit Sharing**: Distribution of profits and loss allocation\\\\\\\\n6) **Intellectual Property**:\\\\\\\\n - Pre-existing IP: remains with originating party\\\\\\\\n - New IP (developed in partnership): co-ownership or licensing\\\\\\\\n7) **Non-Competition**: Restriction during term + [NUMBER] months after dissolution\\\\\\\\n8) **Confidentiality**: Reference to NDA or specific clauses\\\\\\\\n9) **Exit Mechanisms**:\\\\\\\\n - Tag-along/drag-along rights\\\\\\\\n - Valuation by multiples or discounted cash flow\\\\\\\\n - Shotgun clause (compulsory offer)\\\\\\\\n10) **Dissolution**: Scenarios, asset liquidation, asset disposition\\\\\\\\n\\\\\\\\nReference the Brazilian Civil Code (Arts. 981-1.038 - partnerships, Arts. 278-279 - consortia) and the Corporations Law where applicable.\\\\\\\\n\\\\\\\\nInclude a management committee meeting minutes template as an annex.
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