This JOINT VENTURE AGREEMENT ("Agreement") is made on TODAYS DATE between the following
parties: INVESTMENT HOME PRO LLC & YOUR COMPANY NAME. This Agreement is for the sole
purpose of assigning (wholesaling) the property located at: PROPERTY ADDRESS.
RECITALS
It is therefore agreed:
1. Purpose. The Joint Venturers form this joint venture to wholesale properties on this agreement.
2. Contributions. The Joint Venturers shall make no contributions of financial resources in any way,
unless agreed otherwise. Both parties shall work together to acquire and sell the interest on the property.
3. Acquisition of Business Interest. Purchase and Sales Agreement, Assignment Agreement, and/or
resale of property agreement will be under YOUR COMPANY NAME.
4. Profits and Losses. The Joint Venturers shall share any wholesale profit, at a split of 50% to
INVESTMENT HOME PRO LLC and 50% to YOUR COMPANY NAME, of any amount over the purchase
price on the original acquisition contract.
5. Expenses of Venture. All expenses incurred by the Joint Venturers shall be born by the Joint Venturer
incurring said charge.
6. Liability of Joint Venturers. The Joint Venturers shall be liable only for their own willful misfeasance
and bad faith, and no one who is not a party to this Agreement shall have any rights whatsoever under
this Agreement against the Joint Venturers for any action taken or not taken by the Joint Venturers.
7. Term. This Agreement shall terminate upon the COE of said subject properties.
8. Compensation of Agent. Unless otherwise agreed to in the future by a majority in interest of the Joint
Venturers, neither Joint Venturer shall receive any compensation for services rendered by him/her under
this Agreement, other than that which has previously been outlined. No party is a licensed real estate
agent or acting as such.
9. Arbitration and Attorney's Fees. The Joint Venturers agree that any dispute, claim, or controversy
concerning this Agreement or the termination of this Agreement, or any dispute, claim or controversy
arising out of or relating to any interpretation, construction, performance or breach of this Agreement,
shall be settled by arbitration to be held in PROPERTY CITY, PROPERTY STATE, in accordance with
the rules then in effect of the American Arbitration Association. The arbitrator may grant injunctions or
other relief in such dispute or controversy. The decision of the arbitrator shall be final, conclusive and
binding on the parties to the arbitration. Judgment may be entered on the arbitrator’s decision in any court
having jurisdiction. The Joint Venturers will pay the costs and expenses of such arbitration in such
proportions as the arbitrator shall decide, and each Joint Venturer shall separately pay its own counsel
fees and expenses.
10. Governing Law; Consent to Personal Jurisdiction. This Agreement will be governed by the laws of
the State of PROPERTY STATE without regard for conflicts of laws principles. Each Joint Venturer
hereby expressly consents to the personal jurisdiction of the State and Federal Courts located in the
State of PROPERTY STATE for any lawsuit filed there against any party to this Agreement by any other
party to this Agreement concerning the Joint Venture or any matter arising from or relating to this
Agreement.
TONY MONTALBANO, INVESTMENT HOMEPRO LLC Date
YOUR NAME, YOUR COMPANY NAME Date