A general-purpose Nigerian joint venture agreement you can customize and download in minutes

A joint venture agreement is the contract two businesses or individuals sign when they combine their resources to pursue a shared opportunity, while remaining independent. This template is a standard, plain-English format for Nigeria, built for a common joint venture structure - a Business Owner, who brings the opportunity, site, rights or licences, and a Partner, who brings capital, equipment or expertise. It is written to be adaptable to any kind of venture: you describe the purpose and each side's contribution, set the profit split, and the same format works for trading, agriculture, construction, technology, services or any other business.

Just answer a few simple questions - the two parties, the purpose and location, each side's contributions, the profit-sharing ratio, and the term - and your personalized joint venture agreement is generated instantly, ready to download as PDF or Word.

What this joint venture agreement includes

- Clear identification of the Business Owner and the Partner

- The purpose of the joint venture, written to adapt to any kind of venture, and where it is carried out

- Each Party's contributions (assets, licences and management on one side; capital, equipment and expertise on the other), fully editable

- A profit-sharing clause with the split you set, calculated after expenses and taxes, distributed on the schedule you choose, with losses shared in the same ratio

- Management and control - shared management, appointed representatives, and major decisions made jointly

- Duration and termination, with a notice period you set and a wind-up that distributes assets by the profit-sharing ratio

- Confidentiality, a nature-of-relationship clause confirming it is a contractual joint venture and not a partnership, and a dispute-resolution clause (amicable settlement, then arbitration under the Arbitration and Mediation Act 2023)

- A Nigerian governing-law clause and standard boilerplate - force majeure, notices, assignment, amendments, severability, entire agreement and counterparts

- An execution block for both parties with witnesses

How to create your joint venture agreement

1. Open the template and click Generate.

2. Answer the guided questions - the parties, the purpose and location, the contributions, the profit split and the term.

3. Generate the document - your details are merged into the agreement automatically.

4. Review and download as PDF or Word, then have both parties sign before witnesses.

Who is this joint venture agreement for?

Nigerian businesses, entrepreneurs and investors who want to team up on a project or ongoing venture — where one party provides the opportunity, site or licences and the other provides funding, equipment or expertise — without merging their businesses. Because the purpose and contributions are yours to describe, the same standard format works across industries.

Disclaimer: This template is provided for convenience and general information only and is not legal advice. Joint ventures in Nigeria can raise tax, regulatory, licensing and competition issues that depend on the industry and the venture, and a large or long-term venture may be better structured as an incorporated company. For high-value ventures or anything you are unsure about, have the final agreement reviewed by a qualified Nigerian lawyer before signing.

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What's included

- Professional formatting and layout

- Easy customization with guided questions

- Multiple export formats: pdf, docx

- General-purpose joint venture clauses for Nigeria (any industry)

- Instant download after generation

#profit sharing agreement Nigeria templates

Joint Venture Agreement Template (Nigeria)