Mentor protege joint venture agreement pdf

Reasons for contemplating entering into a jvfrom a. The other joint venturer can be another small business, or the partner can be the sdvosbs mentor under the new small business mentorprotege program or the 8a mentorprotege program. A joint venture agreement is a contract between two or more individuals or businesses who would like to undertake a new discrete project, start a new service, or do some other type of specific work together in order to make a profit. This document is a guide to assist in developing a comprehensive joint venture agreement. Nothing in sba 8a mentor protege program joint venture regulations requires that a mentor protege agreement remain effective throughout the competition and up to time of the award.

Maximizing joint venture opportunities with sba 8a and. Sba 8a mentor protege program joint venture rules cfr. Jv agreements for 8a contracts still require approval from district office regardless of which. Overview of government mentor protege programs lockheed martin. The mentor protege agreement is just the first step, however. Agreements jva created pursuant to an approved mentorprotege agreement whether approved. Background joint ventures small business administration. Cve will not require that the mentor as a small business under its.

For example, the joint venture can compete for a small business setaside contract, if you are small for the contract and regardless of your mentors size. In comparison, joint venturing is when two companies in the small business setaside context, usually one large and one small form a third, joint venture or jv entity. The joint venture agreement must itemize all major equipment, facilities and other resources to be furnished by each party. Please note that sba does not approve joint venture. Prescribes content for joint venture agreements under. Unlike the rule for 8a joint ventures, which requires sba approval of a written joint venture agreement prior to the award of an 8a contract, joint venture agreements between mentors and proteges for non8a joint ventures under the new rule will not require sba approval prior to the award.

First full revision to sbas 8a program in more than a decade. The teaming agreement is customarily submitted as part of the bidproposal itself. A joint venture agreement is more limited than a partnership agreement, in that the parties are only working together for one specific activity. A small business perspective and lessons learned yerkes. Each joint venture agreement must contain provisions stating that the small business owns at least 51 percent of the joint venture entity. Joint ventures and mentor proteges new regulations applied. Top 10 things to consider before partnering on a government contract march 5, 2020 adam k.

Joint venture agreement small business administration. The following is a guide to assist in developing a comprehensive joint venture agreement in compliance with the requirements of title of the code of federal regulations, sections124. The agency received proposals from nine firms, including dextera and advanciaahtna. Please note that sba does not approve joint venture agreements jva created pursuant to an approved mentorprotege agreement whether approved. Sba mentor protege joint venture rules cfr 124 5 full template. For example, the joint venture can compete for a small business setaside contract, if you are small for the contract and regardless of your mentor s size. Your small business can learn from an experienced government contractor through the mentor protege program. To further protect small businesses, the sba only allows the mentor to compete for setaside contracts through a joint venture with its protege. Joint ventures require very careful drafting to ensure that the parties expectations are met and that appropriate provision are drafted to take into account key issues such as the scope of the joint venture, capital. The joint venture must establish a special bank account.

A joint venture between a protege firm that qualifies as an sdvo sbc and its sbaapproved mentor see sections 125. Summarize the sba regulationsrules related to the formation of joint ventures 2. Mentorprotege program joint venture agreement guide. The joint venture may compete for federal contracts and subcontracts based on your size and status. Advantages and risks of forming a jv versus standard teaming arrangements and the due diligence required 3.

Download it in the available pdf file format from this site. A prime contractor may earn up to five additional percentage points of participation credit toward mbewbe goals on a contract by entering into a mentoring agreement with an mbe or wbe firm on that contract. The joint venture agreement must specify the responsibilities of the parties with respect to contract negotiation, source of labor and contract performance. Small businesses and other joint venture participants have to spend time vetting and deciding who is the best partner to engage in a joint venture agreement often, companies wait until an rfp is publicized, then quickly find a jv partner hazardous many joint venture agreements do not adequately explain the roles and responsibilities. This document is a template for a joint venture agreement between two businesses. The joint venture could qualify for award of a hubzone contract, if you. The mentoring program must be approved by the chief procurement officer. Model joint venture agreement template pdf format free download.