Agreement on cooperation

The cooperation agreement is one of the most universal. It serves both entrepreneurial and various types of civil-law relations, involving joint activities for the sake of achieving common goals.

This type of contract differs from others in some features. In practice, there are often not bilateral, but unifying interests of many parties to a treaty that involve several participants simultaneously. As a rule, it is of a continuing nature, without a clear timeframe. A cooperation agreement, a sample of which can be used to compile its various types, depending on the characteristics of the overall activity, is a standard document.

Under the contract, the persons signing it are obligated to pool their contributions to joint activities and act without forming a legal entity in order to achieve profit within the framework of the law.

The contract of cooperation as parties implies commercial organizations or individual entrepreneurs, if its purpose is to extract profit. The number of parties is not limited quantitatively, it can reach even a few hundred.

The subject of the agreement is the joint implementation by its participants of certain activities, the objectives of which should not contradict the law. This form is rewarded, although there are rare exceptions.

An important condition for signing the document is the size and types of contributions of all participants, the procedure and the terms of their entry. Also, the mandatory part of the agreement is the points on the purpose and type of activity, conditions for reimbursement of expenses for the maintenance of common property.

It is possible to conclude a cooperation agreement for a certain period of time, and without specifying it. The moment of termination of its action can be related to the achievement of the goal (profit from the event, the end of construction, etc.)

Contributions of participants recognize everything that is brought into the common cause: money, property, knowledge, skills, skills, business reputation or connections. The contributions of individual participants are supposed to be equal, however, other conditions may be prescribed in the contract. Monetary assessment of deposits can be made at the request of the participants.

The property contributed by the contract is used in the common interests of all parties to the agreement and becomes common. However, the participant has the right to dispose of his share even without the consent of the others.

The agreement on cooperation presupposes the adoption of all decisions that concern the general affairs of the participants, by mutual consent, unless otherwise specified in the conditions. Everyone has the right to get acquainted with all the documentation on the conduct of business (accounts, contracts, etc.). This right can not be limited under any circumstances.

Joint activity, which is conducted for profit, provides for under the agreement its distribution among the parties in shares proportional to their contributions to the common cause, unless there are other written conditions and no additional agreements are concluded. It is impossible to remove from participation in the profits of any of the signatories.

If losses arise during the performance of an activity, then they must be covered in accordance with the procedure established by the contract. In the absence of this item in the document, each participant will carry them proportionally to the share of his contribution to the case.

If the contract is not related to entrepreneurship, then participants in the general obligations are liable with personal property to the proportionality of the deposits. If the document is related to business, then the responsibility for the obligations of the participants is borne in solidarity.

Refuse to participate in the agreement can be, if it was concluded without specifying terms, three months before the release. Also the contract can be terminated on the grounds of clause 1, article 1050 of the Civil Code.

A sample agreement on cooperation can be downloaded from the Internet and make all the additions to it, which may not be in the standard form, based on the particular circumstances.