Free Joint Venture Investment Contract

This Joint Venture Investment Contract ("Agreement") is made and entered into on the 15th day of August, 2068, by and between [Your Company Name], a company organized under the laws of United States, with its principal office located at [Your Company Address] (hereinafter referred to as "Party A"), and BrandKat, a company organized under the laws of United States, with its principal office located at Austin, TX 73301 (hereinafter referred to as "Party B").

Collectively referred to as the "Parties" and individually as a "Party."

I. Recitals

Whereas, Party A and Party B desire to form a joint venture (the "Joint Venture") for the purpose of developing and distributing AI-driven smart city solutions;

Whereas, the Parties wish to define their respective rights and obligations with respect to the Joint Venture.

Now, therefore, in consideration of the mutual covenants and agreements set forth herein, the Parties agree as follows:

II. Formation of the Joint Venture

1. Name of the Joint Venture
   The Joint Venture shall operate under the name SmartCo AI Alliance LLC.

2. Legal Structure
   The Joint Venture shall be established as a limited liability company (LLC) under the laws of Texas.

3. Principal Place of Business
   The principal place of business for the Joint Venture shall be located at Austin, TX 73301.

III. Purpose of the Joint Venture

The purpose of the Joint Venture is to:

• Develop and implement smart city technologies;

• Market and distribute AI solutions for traffic management, energy efficiency, and security;

• Establish partnerships with municipalities and private organizations to deploy solutions.

IV. Contributions

1. Party A's Contributions
   Party A agrees to contribute the following to the Joint Venture:

   • Initial capital investment of $5,000,000 USD;

   • Proprietary AI algorithms for real-time data analytics;

   • Technical personnel and project management expertise.

2. Party B's Contributions
   Party B agrees to contribute the following to the Joint Venture:

   • Initial capital investment of $4,000,000 USD;

   • Hardware and IoT sensor technology;

   • Global marketing and distribution channels.

V. Profit and Loss Allocation

1. Profits and losses of the Joint Venture shall be allocated as follows:

   • Party A: 60%

   • Party B: 40%

2. Distributions of profits shall be made on a quarterly basis.

VI. Management and Control

1. Management Committee
   The Joint Venture shall be managed by a Management Committee composed of representatives from both Parties:

   • Party A shall appoint 3 members.

   • Party B shall appoint 2 members.

2. Decision-Making
   Decisions shall require a unanimous consent of the Management Committee for major business matters.

VII. Confidentiality

Both Parties agree to maintain the confidentiality of all proprietary and sensitive information related to the Joint Venture and shall not disclose such information to third parties without prior written consent.

VIII. Term and Termination

1. Term
   This Agreement shall remain in effect for 10 years, unless earlier terminated.

2. Termination
   This Agreement may be terminated by mutual written agreement of both Parties or upon the occurrence of any of the following:

   • Material breach of contract by either Party;

   • Insolvency of either Party;

   • Completion of the Joint Venture's purpose.

IX. Dispute Resolution

Any disputes arising from this Agreement shall be resolved through:

1. Negotiation: The Parties shall first attempt to resolve the dispute through good-faith negotiation.

2. Arbitration: If unresolved, the dispute shall be referred to binding arbitration under the rules of the American Arbitration Association (AAA) in Texas.

X. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the state of Texas.

XI. Miscellaneous

1. Entire Agreement
   This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements, understandings, and arrangements.

2. Amendments
   This Agreement may be amended only by a written agreement signed by both Parties.

3. Notices
   Notices required under this Agreement shall be sent to:

   • Party A: [Your Company Address]

   • Party B: Austin, TX 73301

In witness whereof, the Parties hereto have executed this Joint Venture Investment Contract as of the date first written above.

Party A:
[Your Name], CEO
Date: August 15, 2068

Party B:
Drake Feeney, Managing Director
Date: August 15, 2068

Contract Templates @ Template.net