Document background
The Simple Joint Venture Agreement is a fundamental document used in Belgian business practice when two or more parties wish to collaborate on a specific business venture while maintaining their separate legal identities. This document is particularly relevant when parties need to formally structure their cooperation without creating a new legal entity. The agreement, governed by Belgian law, typically includes detailed provisions on capital contributions, profit sharing, management rights, and operational procedures. It's commonly used for project-specific collaborations, market expansion, or sharing technical expertise and resources. The document must comply with the Belgian Code of Companies and Associations and related commercial laws, while also considering EU regulations where applicable. A Simple Joint Venture Agreement is often preferred when parties seek a less complex structure than a full corporate merger or when the collaboration is intended for a specific duration or project.
