Canada Joint Venture for Offshore Training Course

Prepare a Joint Venture Agreement between two parties located in Canada, who plan to conduct offshore training courses through the joint venture.

One of the parties (Party 1) will provide instructors and course materials, the other party (Party 2) will develop a training and planning guide and a marketing strategy, and obtain and provide classroom facilities.
Each party is responsible for its own costs.
Both parties rank equally in priority with respect to distribution of profits.
Party 1 will be reimbursed by Party 2 for all costs associated with the same, including airfare and hotel charges for instructors.
Party 2 will be entitled to compensation for administrative expenses, over and above the actual cost.
The powers of the parties are to be exercised jointly.

This Canada Joint Venture for Offshore Training Course is a Microsoft Word template which is fully editable to fit your business needs.