This JOINT PARTNERSHIP AGREEMENT shall not be amended, altered, or revised without the prior writer consent of the PARTNERS. Additional Wells have not been drilled, elect to drill an Additional Well. The CAPITAL funds are to be deposited in a SPECIAL ACCOUNT at [BANK], of [CITY], and are to be distributed immediately, upon the signatures of the representatives of the PARTIES. THIS AGREEMENT is made effective as of the 7th day of October, 2004, YINKA FOLAWIYO PETROLEUM CO. LTD., a company incorporated and Add images, video, pricing tables, and more. UpCounsel accepts only the top 5 percent of lawyers to its site. This consulting agreement template is designed to help technical services consultants establish business contracts with new clients. Your customers can decide to lease a car from anywhere and you want them to sign it from anywhere. endstream endobj 22 0 obj <> endobj 23 0 obj <> endobj 24 0 obj <>stream բ��V;s ��v�������C�r�pyq’�0��$�a:� c�nt�KLA(�u�4z���hŻ�ٝ�O�A�–?��S�������Ƞ��ؘp��`�^܈Ϸ@�����92(D��!��m.I���c��� ����*����(�{B#�+u+�u ����DƲGTv}��h�(�� PЮ�c�3�ޏ�(`�,���r���_��Iˈ�. In all cases, any correspondences, notices, or other documents pursuant to this AGREEMENT, for the duration of its TERM, shall be addressed to the respective addresses of record for both PARTIES. Hire the top business lawyers and save up to 60% on legal fees.                                          In accordance with the terms, conditions, and covenants of this AGREEMENT, the PARTNERS shall: Form a joint PARTNERSHIP (the JOINT PARTNERSHIP) for the purpose of: The EFFECTIVE DATE of the AGREEMENT shall be: [DATE], The duration (the TERM) of the JOINT PARTNERSHIP shall be: [DURATION], The CAPITAL of the JOINT PARTNERSHIP shall total: [DOLLAR AMOUNT], The FIRST PARTY shall contribute: [DOLLAR AMOUNT], The SECOND PARTY shall contribute: [DOLLAR AMOUNT]. Parties other than PandaDoc may provide products, services, recommendations, or views on PandaDoc’s site (“Third Party Materials”). 21 0 obj <> endobj The Joint Venture shall be considered a joint venture between the Parties in all respects, and in no event shall this Agreement be construed to create a partnership or any other fiduciary relationship between the Parties. Updated November 3, 2020: Joint venture contracts are when two parties come together in an agreement for a specific business project. This AGREEMENT shall be governed in accordance with the LAWS of [STATE]. The PARTNERSHIP MANAGER shall be responsible for making available all records and books at the time of audit. ` 4�� 39 0 obj <>stream The goal can be a task, a new project, or any form of business activity. No need to spend hours finding a lawyer, post a job and get custom quotes from experienced lawyers instantly. industrial disturbances even if they were not beyond the reasonable control of the Party. duly authorized officers to execute and deliver this Agreement as of the day and year first above written. No preceding agreement may supersede this JOINT PARTNERSHIP AGREEMENT, and no subsequent agreement shall become binding unless both PARTIES agree, in writing. and, For Purposes of Section 9 of this Agreement only, Difference Between a Joint Venture and a Partnership, Joint Venture Features, Advantages and Disadvantages. �P4z�F�F�B_��?� The PARTNERSHIP MANAGER shall see to the day-to-day operation and function of the PARTNERSHIP, and shall report directly to the PARTNERS, collectively. One way to get into a joint venture is to agree to work with another business in a specific and limited way. h�b```f``a �d.�b`B���"��@4�30g1��eA������hgA4����`�������B��� _ existing under the laws of the Federal Republic of Nigeria, with offices at Yinka Folawiyo Plaza, 38, Warehouse Road, Apapa, Lagos, Nigeria (hereinafter referred to as “YFP”); and. Apply a document theme that matches your company brand. hޤX�n�F}�W��ͅE�yg�lX����Lf��"���ʼnDjyY��߷���e��ʀ�"�u=u����xP⩝]���z�|��|��s�T$^ꦡ�w3O>���◅3�D��?�/ĥ���C7�W�9__�?�H���$n��_���"� �b7H�x�                                          26 0 obj <>/Filter/FlateDecode/ID[]/Index[21 19]/Info 20 0 R/Length 49/Prev 13805/Root 22 0 R/Size 40/Type/XRef/W[1 2 1]>>stream ARTICLE 7 – OTHER RIGHTS AND OBLIGATIONS OF THE PARTIES, ARTICLE 8- This JOINT PARTNERSHIP AGREEMENT (the AGREEMENT) is entered into on this [DAY] of [MONTH], [YEAR], by and between [PARTY 1], on behalf of [COMPANY], [ADDRESS], and [PARTY 2], on behalf of [COMPANY], [ADDRESS]. Was this document helpful? ���)��+�W�~�Fi$�$*�� ]��‘7A�؛����g��G����;�:�ݡK��]n6��_����C��l5�%f-�i��@d0&����^��^�n�Dn,�R��N�`6J����r�H�l�o��*�^Z_���)��g's�\,��O�+~;�\�����)��n��]1.P�����9���uٴ��Mw!�ječ8�4fqd�#_4��6��C ��~֎)��.�FY +p!^u�|�O�A/k��r�]$��U�~p�q�X����������� )��C*C�ͯr����������i�����f�?2�(\��_�&t*\ ��+�K���FM��@�Yb����c;�1���i�|`�h�����=0��:]A��r��?��bY@�IJi �t�2w@�c�:�,+M;���xӔ +��R�Y���k��"�'�Z� �ժѤ ��ƶ%k���'��M�)���V�!�l� ��� Joint Venture Deed. )p the OML 113 Lease and there are no circumstances existing as at the date of this Agreement which YFP SYNTROLEUM INTERNATIONAL HOLDINGS COMPANY, an exempted company with [NAME] shall act as PARTNERSHIP MANAGER, and be charged with the management of the business. In all cases, any correspondences, notices, or other documents pursuant to this AGREEMENT, for the duration of its TERM, shall be addressed to the respective addresses of record for both PARTIES. Wells. (whether declared or undeclared), invasion, sabotage, terrorism or threat of terrorism, riot, civil war, blockade, insurrection, acts of public enemies, non-availability of equipment or personnel, civil disturbances, and strikes, lockouts and other 0 �裓d���~i���=�����?ƶ0v�n�b]����MV�|�-V'[�������fU��~��4�]�����S�-��4ee�}��Ei/�IѬa������[�?����x6���>f~���)��VOG����'�l-�P��D5�}g�ڔpk��]�N���>��ƃq�z�����:�-��-u�����K}�|'���iO�8E����Zq��A@�m��m/��lw�u!��DB���KJ��a(�>Rgi����!�荒�G��n(�Kѱ�Y?�:�����hL�v�j����>�!In�N�R�pՐ��q�T_O����5Z M�����M���5Iȑ�ڽ�О[�׫7��̨�f?���w��5�ف�H��Q�7��_���UY��a�4�AW�L����fэ���Δ���.��?�^�Z��6�͹isInߙ��?|�{b�����ĸO� ��0� Joint Venture Agreement is an arrangement where two companies develop a separate entity to their mutual benefit. OML 113 Lease in the disciplines associated with the exploration, development and production operations, This AGREEMENT shall constitute the entire agreement between the PARTIES. A Joint Venture Agreement is a contract between two businesses or individuals who agree to work together to achieve a certain goal. Use this car lease agreement template to let them. Neither of the PARTIES shall be held accountable for more any liabilities, other than those resulting from his/her CAPITAL investment, as permitted by LAW. Use this Copyright License Agreement to authorize others to use your intellectual property. The PARTIES shall not be construed as general partners, agents, or employees of each other, respectively, beyond the terms of this AGREEMENT. It normally involves a sharing of resources, which could include capital, personnel, physical equipment, facilities. Within six months of the plugging and abandonment or temporary abandonment of each of the Upon the satisfaction of the TERM of the JOINT PARTNERSHIP, the profit/loss shall be evenly tendered by/to the PARTIES through the SPECIAL ACCOUNT, which shall also be used to pay all outstanding debts owed as a result of the JOINT PARTNERSHIP, immediately, at such a time. Syntroleum International Corporation, a corporation organized under the laws of the State of Delaware, United States of America with offices at 4322 South 49th West Avenue, Tulsa, Oklahoma 74107.                                          Share it with your network! Oklahoma 74107 and Syntroleum Nigeria Limited., a company incorporated and existing under the laws of the Federal Republic of Nigeria with its registered address at St. Nicholas House, 9th Floor, Catholic Mission Street, Lagos, Nigeria, (hereinafter collectively referred to as “Syntroleum”); herein collectively referred to as the “Parties and individually as a “Party”

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