Joint Venture Agreement Template

Joint Venture Agreement Template for an Agarwood Farming Project between Investors and Local Farmers. This version assumes a fair and mutually beneficial partnership that reflects shared responsibilities, profits, and sustainable practices.

JOINT VENTURE AGREEMENT

for Agarwood Farming and Cultivation Project
(Between Investors and Local Farmers)

This Joint Venture Agreement (“Agreement”) is made and entered into on this ___ day of ________, 20, by and between:

PARTIES:

1. INVESTOR(S):
[Investor Name]
[Company Name, if applicable]
Address: ____________________________
Email: ____________________________
Represented by: ____________________

2. LOCAL FARMER(S) / LANDOWNER(S):
[Farmer Name or Cooperative]
Address: ____________________________
Email: ____________________________
Represented by: ____________________

Collectively referred to as the “Parties” and individually as a “Party.”

1. PURPOSE OF AGREEMENT

The Parties hereby agree to form a Joint Venture (JV) to develop, manage, and profit from an Agarwood (Aquilaria spp.) farming project, including but not limited to:

  • Land preparation and planting
  • Sustainable cultivation
  • Application of resin induction techniques (e.g., BarIno™)
  • Harvesting and processing
  • Sales of Agarwood products (chips, oil, etc.)

2. NATURE OF JOINT VENTURE

This JV is not a separate legal entity, but a contractual arrangement for shared activities. The parties agree to:

  • Collaborate on the cultivation and production of Agarwood
  • Share capital investment, resources, and profits
  • Operate under sustainable and legal practices

3. CAPITAL CONTRIBUTIONS

PartyContribution
Investor(s)Capital for planting materials, inoculants, technology, farm inputs, labor costs
Farmer(s)Agricultural land, labor, and traditional knowledge

All contributions shall be documented and valued fairly.

4. MANAGEMENT & RESPONSIBILITIES

A. Investor(s):

  • Provide financial support and technical assistance
  • Supply inoculants and farming tools (e.g., BarIno™ series)
  • Assist in monitoring and evaluation

B. Farmer(s):

  • Maintain daily farm operations
  • Implement cultivation and inoculation protocols
  • Ensure farm biosecurity and tree care

C. Joint Decisions:

  • Major decisions such as harvesting, pricing, and buyer agreements must be mutually agreed upon.

5. PROFIT SHARING

After deducting expenses and applicable taxes, net profits shall be distributed as follows (subject to adjustment):

PartyProfit Share
Investor(s)___ %
Farmer(s)___ %

Optional: Create a profit reserve fund (e.g., 10%) for reinvestment or emergencies.

6. TERM AND TERMINATION

  • This JV shall commence on the date of signing and remain effective for ___ years or until the final harvest and marketing of products.
  • Either Party may terminate the Agreement with 90 days’ written notice, provided obligations up to the date of termination are fulfilled.

7. OWNERSHIP OF PLANTATION

Unless otherwise agreed:

  • The land remains under the ownership of the farmer.
  • All planted Aquilaria trees and products are jointly owned according to the profit-sharing scheme.

8. GOVERNING LAW

This Agreement shall be governed by the laws of the Republic of the Philippines, including all relevant regulations under the DENR, CENRO, CITES, and any applicable Cooperative or Investment laws.

9. DISPUTE RESOLUTION

In case of a dispute:

  1. The parties shall attempt to resolve the issue amicably.
  2. If unresolved, the matter shall be referred to a third-party mediator agreed upon by both sides.
  3. Final appeals shall be resolved in the appropriate Philippine court or arbitration panel.

10. ENTIRE AGREEMENT

This document represents the entire agreement between the Parties. Any amendments must be in writing and signed by both parties.

11. SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Joint Venture Agreement on the date first above written.

FOR THE INVESTOR(S):

Signature: ___________________________
Name: ___________________________
Date: ___________________________

FOR THE LOCAL FARMER(S) / LANDOWNER(S):

Signature: ___________________________
Name: ___________________________
Date: ___________________________

WITNESSES:

1. Name & Signature: ___________________________
2. Name & Signature: ___________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)
                ) S.S.

BEFORE ME, as the Notary Public for and within the ____________________________, personally appeared the following persons and exhibited to me their respective IDs as competent proof of their proof of identity:

                                                                 I.D. No.                               Validity

Manuelito Laurenti E. Putong 

Known to me as the same persons who executed the forgoing JOINT VENTURE AGREEMENT and they acknowledge to me this is their true act and deed for and in behalf of the parties they presented. 

The instrument consists of five (5) pages, including this page, on which is written duly signed by the contracting parties and witnesses on the left margin of the other pages.

IN WITNESS WHEREOF, I have hereunto affix my Signature and Official Seal this ____ day of ______________ 20____. 

                                                                       NOTARY PUBLIC

Doc No.____;
Page NO.___;
Book No____;
Series of 2025.

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