All Countries
Employment
Termination Of Joint Venture Agreement

Termination Of Joint Venture Agreement Template for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Termination Of Joint Venture Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Termination Of Joint Venture Agreement

"I need a Termination of Joint Venture Agreement to dissolve a manufacturing JV between our UK company and a German partner, with specific provisions for IP rights and employee transfers, targeting completion by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Termination of Joint Venture Agreement is essential when parties decide to end their collaborative business arrangement. This document, governed by English and Welsh law, is used when joint venture partners agree to dissolve their partnership or when circumstances necessitate termination according to the original agreement's terms. It addresses crucial aspects such as asset division, intellectual property rights, employee matters, and ongoing obligations. The agreement ensures compliance with UK legislation while providing a structured approach to ending the business relationship and preventing future disputes.
Suggested Sections

1. Parties: Identification of all parties to the JV and termination agreement

2. Background/Recitals: Brief history of the JV, reference to original agreement, and reasons for termination

3. Definitions: Defined terms used throughout the agreement

4. Effective Date of Termination: Specific date when the termination becomes effective

5. Mutual Release: Parties' release from obligations under the original JV agreement

6. Asset Distribution: Division and transfer of JV assets between parties

7. Settlement of Accounts: Financial settlements and outstanding payments

8. Confidentiality: Ongoing obligations regarding confidential information

9. Governing Law: Confirmation of applicable law and jurisdiction

Optional Sections

1. Employee Transfers: Arrangements for staff transfers when JV has employees

2. IP Rights: Division of intellectual property rights when JV owned or developed IP

3. Third Party Contracts: Assignment or termination of external contracts when JV has ongoing contracts with third parties

4. Tax Provisions: Special tax considerations and allocations when complex tax implications exist

5. Non-Compete Provisions: Post-termination competition restrictions when parties wish to restrict future competition

Suggested Schedules

1. Asset Register: Detailed list of JV assets and their allocation

2. Financial Statement: Final accounts and financial position of JV

3. IP Register: List of intellectual property and its disposition

4. Employee Transfer Schedule: Details of employee transfers and arrangements

5. Third Party Contracts Schedule: List of contracts and their treatment post-termination

6. Settlement Statement: Detailed breakdown of financial settlements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Asset Distribution Plan
Business Day
Claim
Completion
Completion Date
Confidential Information
Effective Date
Encumbrance
Existing JV Agreement
Initial JV Agreement
Intellectual Property Rights
Joint Venture
JV Assets
JV Business
JV Company
JV Territory
Liabilities
Losses
Material Contracts
Original Parties
Parent Companies
Parties
Remaining Party
Settlement Amount
Settlement Statement
Shares
Subsidiaries
Surviving Provisions
Tax
Terminating Party
Termination Date
Third Party Contracts
Transfer Documents
Transitional Services
Working Capital
Clauses
Interpretation
Definitions
Termination Date
Mutual Release
Asset Distribution
Financial Settlement
Share Transfer
Employee Matters
Intellectual Property Rights
Confidentiality
Non-Compete
Non-Solicitation
Third Party Contracts
Tax Matters
Indemnification
Warranties and Representations
Transitional Arrangements
Further Assurance
Costs and Expenses
Notices
Assignment
Severability
Entire Agreement
Variation
Waiver
Force Majeure
Dispute Resolution
Governing Law
Jurisdiction
Counterparts
Surviving Provisions
Data Protection
Public Announcements
Record Retention
Outstanding Obligations
Asset Maintenance
Relevant Industries
Relevant Teams
Relevant Roles
Industries

Companies Act 2006: Primary legislation governing company operations, including dissolution procedures, directors' duties, share transfers, and Companies House filing requirements for joint venture termination

Partnership Act 1890: Fundamental legislation for partnership-structured joint ventures, covering dissolution provisions, partner rights and obligations, and asset distribution rules

Law of Property (Miscellaneous Provisions) Act 1989: Key contract law legislation governing formalities of contracts and property transactions during JV termination

Employment Rights Act 1996: Essential legislation protecting employee rights during JV termination, including provisions for contract transfers and redundancies

Transfer of Undertakings (TUPE) Regulations 2006: Regulations protecting employees' rights when business ownership changes during JV termination

Copyright, Designs and Patents Act 1988: Legislation governing intellectual property rights transfer and protection during JV dissolution

Trade Marks Act 1994: Legislation governing trademark ownership, transfer, and licensing during JV termination

Competition Act 1998: Legislation ensuring JV termination complies with competition law and doesn't create market dominance issues

UK GDPR and Data Protection Act 2018: Data protection legislation governing the handling, transfer, and protection of personal data during JV termination

Insolvency Act 1986: Legislation governing insolvency procedures, asset distribution, and creditor rights during JV termination

Corporation Tax Act 2010: Tax legislation governing corporate tax implications of JV termination and asset transfers

Value Added Tax Act 1994: Legislation governing VAT implications during JV termination and asset transfers

Law of Property Act 1925: Fundamental property law governing the transfer of real property and assets during JV termination

Enterprise Act 2002: Legislation governing business competition and regulatory aspects of JV termination

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Termination Release Agreement

find out more

Termination Of Work Contract

find out more

Termination Of Franchise Agreement

find out more

Termination Of Business Relationship

find out more

Termination Of Agency Agreement

find out more

Mutual Consent Contract

find out more

End Of Service Contract

find out more

End Of Fixed Term Contract

find out more

End Of Employment Contract

find out more

Contract Closing Letter

find out more

Automatic Termination Of Contract

find out more

Seller Termination Of Contract

A legal document under English and Welsh law used by sellers to formally terminate a contractual relationship with a buyer.

find out more

Voluntary Termination Of Employment Agreement

An agreement under English and Welsh law documenting the mutually agreed termination of employment between employer and employee.

find out more

Cancellation Of Buyer Representation Agreement Form

An English and Welsh law-compliant document that terminates a buyer's representation agreement with their real estate agent.

find out more

Termination Of Vehicle Lease Agreement

A legal document under English and Welsh law that terminates a vehicle lease agreement and settles all related obligations between parties.

find out more

Lease Termination Letter For Trucking

A formal notice under English and Welsh law to end a commercial truck lease agreement.

find out more

Professional Cancellation Letter

A formal letter for terminating professional services under English and Welsh law.

find out more

Termination Of Broker Agreement

An English law agreement that formally ends a broker relationship, setting out termination terms and obligations under UK jurisdiction.

find out more

Tenancy Surrender Agreement

An agreement under English and Welsh law that formally terminates a tenancy before its natural expiry date by mutual consent.

find out more

Exit Agreement For Director

An English law agreement setting out terms for a director's departure from a company, including financial settlements and ongoing obligations.

find out more

Termination Of Lease And Surrender Agreement

An English and Welsh law agreement that terminates a lease early and returns property possession to the landlord.

find out more

Cancellation Of Agreement To Sell

A legal document under English and Welsh law that formally terminates an existing agreement to sell between parties, outlining cancellation terms and mutual release of obligations.

find out more

Real Estate Contract Cancellation Letter

A formal letter used in England and Wales to terminate a property sale agreement, providing legal notice of contract cancellation.

find out more

Real Estate Termination Agreement

A legal document under English and Welsh law that formally terminates an existing property agreement and sets out the terms for ending the relationship between parties.

find out more

Termination Of Business Relationship Letter

A formal notice under English and Welsh law to end a business relationship, outlining termination terms and transition arrangements.

find out more

Cancellation Letter For Company

A formal notice under English and Welsh law used to terminate a business contract between companies.

find out more

Termination Of Joint Venture Agreement

A legal agreement under English and Welsh law that formally terminates a joint venture relationship and sets out terms for dissolution and settlement.

find out more

Termination Of Management Agreement

A legal document under English and Welsh law that terminates an existing management agreement and sets out the terms for conclusion of the management relationship.

find out more

Termination Cancellation Letter

A formal document used under English and Welsh law to officially cancel an existing contract or agreement.

find out more

Agreement Of Sale Cancellation

An English and Welsh law document that formally terminates an existing sale agreement and sets out the terms of cancellation between parties.

find out more

Termination Of Collaboration Agreement

A legal document under English and Welsh law that formally terminates a collaborative relationship between parties, addressing separation terms and obligations.

find out more

Termination Of Supplier Contract

A legal document under English and Welsh law that formally terminates a supplier relationship and outlines separation terms.

find out more

Lease Surrender Agreement

An English law agreement that formally terminates a lease before its natural expiry date by mutual consent between landlord and tenant.

find out more

End Of Fixed Term Contract Letter

A formal notice under English and Welsh law confirming the termination of a fixed-term employment contract.

find out more

Cancellation Of Services Letter

A formal notice under English and Welsh law to terminate ongoing services, providing written confirmation of cancellation details and effective date.

find out more

Contract Cancellation Letter

A formal notice for terminating contractual agreements under English and Welsh law.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.

Draft quality legal agreements or review documents in 3 minutes

Try for free
BlogAbout UsCareersAI Legal Document Generator (US)

Templates

Commercial

B2B Suppliers ContractStandard salesSponsorship ContractIT Outsourcing AgreementCommercial Reservation of Rights LetterLoan Note InstrumentCommercial Contract Templates

Employment

Consultancy AgreementFounder service agreementShareholder Agreement for EmployeesAdvisor agreementEmployee EMI Option PlanStandard Directors Service AgreementEmployment Contract Templates

IP

Trade Mark AssignmentIntellectual Property AssignmentSoftware Service Level AgreementSoftware Pilot Evaluation LicenceSAAS Subscription AgreementIP Rights License IP Agreement Templates

Administration

Cloud Computing PolicyBackup PolicyVirus Protection PolicyEqual Opportunities PolicyEnvironmental PolicyAdministration Legal Templates

Finance

Short-Form Directors Loan AgreementMandate Letter (Best Efforts)Drawdown Request (Borrower to Lender)Buyback AgreementPromissory Note (UK)Letter of Waiver (Loan)Finance Legal Templates

R&D

Consortium AgreementVariation to Consortium AgreementEquipment Loan AgreementCommercial R&D AgreementMaterials transfer agreementR&D Legal Templates

Industries

Legal Services

Limited Power of AttorneyBasic Binding Side LetterLetter of IntentNon Binding Comfort LetterContract For Employing A Salaried Partner Deed of Surrender (Lease)Templates for Lawyers

Manufacturing

Consignment ContractStandard Exclusive Distribution Agreement (UK)Intercompany Services Agreement Standard Directors Service AgreementConditions of Supply Memorandum of Understanding Manufacturing Legal Templates

Construction

Vesting CertificateLetter of Claim (Pre-Action Protocol)Tenancy at WillSection 146 Notice (Remedy Breach of Lease)Notice Of Forfeiture Of Lease By LandlordLease Report (Long Form)Construction Legal Templates

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information

© 2024 Genie AI Ltd. All rights reserved