OWNERSHIP AGREEMENT

I. Parties

This Ownership Agreement ("Agreement") is made and entered into as of [Date] by and between [Your Company Name], hereinafter referred to as "Party A," and [Party B Name], hereinafter referred to as "Party B." Collectively, Party A and Party B may be referred to as the "Parties."

II. Purpose

The purpose of this Agreement is to outline the terms and conditions of ownership regarding [Specify Objective or Asset], which shall be hereinafter referred to as "Asset."

III. Ownership Structure

Ownership of the Asset shall be shared between the Parties as follows:

• Party A owns [Percentage]% of the Asset.

• Party B owns [Percentage]% of the Asset.

IV. Responsibilities and Obligations

The Parties agree to the following responsibilities and obligations concerning the Asset:

• Party A Responsibilities: [Description]

• Party B Responsibilities: [Description]

V. Decision-Making

All decisions regarding the Asset shall require [Specify Requirements, e.g., unanimous consent, majority vote, etc.] of the Parties.

VI. Transfer of Ownership

Neither Party may transfer their ownership interest in the Asset without the prior written consent of the other Party.

VII. Dispute Resolution

In the event of a dispute arising under this Agreement, the Parties agree to first attempt resolution through negotiation or mediation. If the dispute cannot be resolved, it shall be submitted to binding arbitration under the rules of [Arbitration Association].

VIII. Termination

This Agreement shall remain in effect until terminated by mutual written consent of the Parties or in the event of the dissolution of the Asset under the terms agreed upon by the Parties.

IX. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of [State Name], without reference to principles of conflict of laws.

X. Amendments

Any amendments to this Agreement must be in writing and signed by both Parties.

XI. Entire Agreement

This Agreement constitutes the entire understanding between the Parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements, discussions, representations, and understandings, written or oral.

XII. Signatures

IN WITNESS WHEREOF, the Parties have executed this Ownership Agreement as of the date first above written.

[Your Company Name]

[Company Representative's Name]

[Party B Name]