JV Term Sheet Template for United States

1. Intellectual Property Rights: IP ownership and licensing arrangements, used when JV involves significant IP

2. Employment Matters: Key personnel arrangements and restrictions, relevant when JV involves staff transfers

3. Real Estate: Property contributions or leasing arrangements, included when JV involves real estate

4. Regulatory Approvals: Required governmental or regulatory clearances, included for regulated industries

5. Technology Transfer: Terms for sharing or developing technology, relevant for technology-focused JVs

6. Territory Restrictions: Geographic limitations on JV operations, important for international JVs

7. Competition Restrictions: Non-compete and non-solicitation provisions, used when parties remain competitors

8. Exit Mechanisms: Detailed exit strategies including buy-out rights, included for complex JVs

9. Force Majeure: Provisions for unforeseen circumstances, relevant for high-risk operations

10. Environmental Matters: Environmental compliance and liability allocation, important for industrial JVs

1. Initial Business Plan: High-level overview of proposed business operations and strategy

2. Capital Contribution Schedule: Detailed breakdown of each party's initial and planned contributions

3. Ownership Structure Chart: Visual representation of proposed ownership and corporate structure

4. Key Personnel: List of critical management positions and proposed appointments

5. Assets Schedule: List of assets to be contributed by each party to the JV

6. IP Schedule: List of intellectual property to be licensed or transferred to the JV

7. Timeline and Milestones: Detailed schedule of key dates and deliverables

8. Pre-Completion Conditions: List of conditions to be satisfied before definitive agreements