E590 2024 Joint Venture Agmt for Prof Svcs 2024-01-17

EJCDC® E-590, Joint Venture Agreement for Professional Services, is a contract is intended for use on a collaboration of two professional service firms, such as two engineering firms, or an engineering firm and an architectural services firm, that have decided to join forces specific professional services to a third party.  Such collaboration leverages the resources of each firm, giving the joint venture the advantage of both firms’ professional licensing, technical skill-sets, available staff, market knowledge and other expertise to successfully perform the services.  A joint venture  is a business arrangement in which two or more parties join together to accomplish a specific task. A joint venture is itself an entity, separate and distinct from the venturers’ other business interests.