Letter of Intent: 50/50 Joint Venture | Practical Law

Letter of Intent: 50/50 Joint Venture | Practical Law

A letter of intent for a joint venture (JV) carried out through a newly formed LLC with two members, each of which owns a 50% membership interest in the LLC. This Standard Document may also be referred to as a memorandum of understanding or written in the form of a term sheet. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.

Letter of Intent: 50/50 Joint Venture

Practical Law Standard Document w-002-9632 (Approx. 44 pages)

Letter of Intent: 50/50 Joint Venture

by Practical Law Corporate & Securities
Maintained • USA (National/Federal)
A letter of intent for a joint venture (JV) carried out through a newly formed LLC with two members, each of which owns a 50% membership interest in the LLC. This Standard Document may also be referred to as a memorandum of understanding or written in the form of a term sheet. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.