Note that this is the time it takes to establish the standard joint venture agreement after payment. (2) Diversify Risk With a joint enterprise agreement, you share the risks of taking over an offer with a partner (s). You can cover part of the cost of inputs and you can limit the agreement to a given offer/contract/period. (1) Apply for more offers/connection contracts with another company will give you more capacity, know-how, resources, markets and technology that require certain offers. Note that this will include a standard joint venture agreement in accordance with the basic general requirements of tenders in South Africa. For all “custom clauses” or additional information that needs to be addressed, we will quote you in addition. Our in-house lawyer, Tsitsi Kinnear, has more than 6 years of experience with joint ventures. She also holds a law degree from the University of South Africa.