Sample Joint Venture Agreement
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Business Negosyo Legal Ligal agreement shall Joint Venture Members
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Joint Venture Agreement (March 2004) (First Edition of CIDB document 1017) Construction Industry Development Board Pretoria - Head OfficeTel: 012 482 7200 Fraudline: 0800 11 24 32C all Centre: 0860 103 353 E-mail: cidb cidb.org.za 1.. Interpretation Unless inconsistent with the context, an expression in the Agreement which denotes : • • • 2.3 any gender shall include the other genders a natural person shall include a juristic person and vice versa the singular shall include the plural and vice versa Headings The headings to clauses of the Agreement shall not be considered part thereof, nor shall the words they contain be taken into account in the interpretation of any clause.. RESOURCES OF JOINT VENTURE The resources to be utilised by the Joint Venture in securing and executing the Contract shall, insofar as these are to be provided directly by the Members, be as set out in the Schedules March, 2004: Edition 1 of CIDB document 1017 Page 6 CIDB Joint Venture Agreement and may, from time to time, be amended by decision of the Management Committee, provided that the Member’s Interests are not, except with the unanimous approval of the Members, affected thereby.. Schedule ‘C’ (Contributions by Members) Schedule ‘C’ shall set out the contributions of various types, other than cash, that will be made by the individual Members towards the work and obligations of the Joint Venture and shall, as far as possible, indicate the monetary values to be placed on such contributions, which may include, inter alia, the following : March, 2004: Edition 1 of CIDB document 1017 Page 7 CIDB Joint Venture Agreement 1.. BREACH OF AGREEMENT If a Member breaches any material provision of the Agreement, or delays or fails to fulfil its obligations in whole, or in part, and does not remedy the situation within fourteen calendar days of receipt of notice from the Management Committee, or another Member, to do so, the other Members shall have the right, without prejudice to any other rights a
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