Joint Venture Agreements

If you are planning to purchase real estate with someone other than your spouse, or with a group of individuals, or a corporation, then you should consider signing a joint venture agreement. This type of agreement is meant to help clarify issues that arise in joint ownership of property, such as the ownership interest of each party in the property, your financial obligations to each other, who will maintain and upkeep the property, what to do if one of you decides that they no longer want the property, how to sell the property, and so forth.

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