There is no limit as to how many parties can be a part of a JV. Generally, the agreement exists between any party who is willing to participate. Some projects need multiple people or organisations, with varying roles and levels of participation.
Depending on the nature of the work involved, the agreement must state;
A properly formed document will allow all parties to understand exactly what their obligations are during and after the project, as well as the rewards for participation.
Putting your JV arrangement in writing into a Joint Venture Agreement is a good idea. It allows you to work together much more easily because everyone will be certain of their duty to the other parties and unexpected problems or misunderstandings can be reducedFind Out More By Clicking Here