JOINT VENTURE AGREEMENT
[Joint Venture Agreement for Two Parties
Owning Property as Tenants in Common]
THIS AGREEMENT is made as of this __________ day of _______________________, 20___ ,by and between ("X") and ("Y").
RECITALS
X and Y (sometimes hereinafter referred to collectively as the "Partners" and individually as the "Partner") own the real property described in Appendix A hereto (the "Property") as tenants in common and desire to form a joint venture under the general partnership laws of the State of Washington (the "Joint Venture") for the limited purpose of managing, leasing, and developing the Property and in such other businesses as the Partners may agree upon in writing.