Co-Ownership Agreement Template: A General Guide
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Quick Facts — Co-Ownership Agreement Template Lawyers
- Avg cost to draft a Co-ownership Agreement: $640.00
- Avg cost to review a Co-ownership Agreement: $510.00
- Lawyers available: 162 contracts lawyers
- Clients helped: 275 recent co-ownership agreement template projects
- Avg lawyer rating: 4.96 (32 reviews)
Find Co-ownership Agreement Templates by Type
Templates created by lawyers on the ContractsCounsel platform
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Used for co-owning an intellectual property asset(s) with other parties. Purchase comes in Word format with fillable fields to be customized for your purposes and will include instructions for completion.
Form includes the below sections:
- Property
- Term
- Management
- Operating Capital and Expenses
- Rights of First Refusal as Condition Precedent to Sale to Third Party
- Right of Partition
- Relationship
- No Waiver
- Language of the Agreement
- Severability
- Modifications
- Notices
- Force Majeure
- Successors
- Governing Law
- Mediation and Arbitration
- Entire Agreement
- Binding Effect
100% Lawyer Drafted
100% Lawyer Drafted
100% Lawyer Drafted
100% Lawyer Drafted
Used for co-owning an investment with other parties. Purchase comes in Word format with fillable fields to be customized for your purposes and will include instructions for completion.
Form includes the below sections:
- The Investment
- Future Issuances of Securities
- Right of First Offer
- Right to Participate
- Right to Convert
- Transfer of Business Opportunities
- Public Update Meetings
- Legal Counsel
- Indemnification; Limitation of Liability
- Governing Laws
- Notices
- Force Majeure
- Successors
- Governing Law
- Mediation and Arbitration
- Entire Agreement
- Binding Effect
100% Lawyer Drafted
100% Lawyer Drafted
Used for co-owning an asset or property with other parties. Purchase comes in Word format with fillable fields to be customized for your purposes and will include instructions for completion.
Form includes the below sections:
- Term
- Management
- Operating Capital and Expenses
- Rights of First Refusal as Condition Precedent to Sale to Third Party
- Right of Partition
- Relationship
- No Waiver
- Language of the Agreement
- Severability
- Modifications
- Notices
- Force Majeure
- Successors
- Governing Law
- Mediation and Arbitration
- Entire Agreement
- Binding Effect
100% Lawyer Drafted
100% Lawyer Drafted
Used for co-owning a real estate property with other parties. Purchase comes in Word format with fillable fields to be customized for your purposes and will include instructions for completion.
Form includes the below sections:
- Nature of Relationship Between Co-Tenants
- Management
- Income and Expenses
- Obligations
- Sale or Encumbrance of Property
- Possession
- Treatment of Improvements
- Transfer or Encumbrance
- Partition
- Bankruptcy Option
- Bankruptcy Option
- General Provisions
100% Lawyer Drafted
100% Lawyer Drafted
What is a Co-Ownership Agreement Template?
A co-ownership agreement template is a pre-formatted legal document that outlines the terms and conditions for jointly owning an asset(s) between two or more parties. These agreements address terms like ownership percentages, management responsibilities, operating capital and expenses, and right of first refusal if the asset was to be sold by a party of the agreement.
Given these are contract templates, this means a lawyer has drafted the agreement and left important fields to be filled in when the co-ownership agreements needs to be used. These fields include:
- Date of the agreement
- Names and addresses of the co-owners
- Percentage of ownership
- Description of the specific property being jointly owned
- Term of the agreement
- Manager of the jointly owned property
- Governing law and jurisdiction
What Are the Different Types of Co-Ownership Agreement Templates?
There are four main types of sponsorship agreement templates for sale in the ContractsCounsel template marketplace. These include:
- General Co-Ownership Agreement
- Real Estate Co-Ownership Agreement
- Investment Co-Ownership Agreement
- Intellectual Property Co-Ownership Agreement
General Co-Ownership Agreement Template
A general co-ownership agreement is a pre-formatted legal contract that sets the terms and conditions for two or more parties owning an asset jointly. This template will address the names of the owners, ownership percentage, management responsibilities, and first right of refusal.
General means it can be used across many different asset types, so it has been drafted in a more flexible way to apply to a wider range of assets.
Real Estate Co-Ownership Agreement Template
A real estate co-ownership agreement is a pre-formatted legal agreement that joint owners of a real estate property use to govern their relationship. This agreement defines the rights, responsibilities, and obligations of each party as it relates to the ownership, management, and eventual sale of the property.
This template is drafted specifically for the joint ownership of real estate
Investment Co-Ownership Agreement Template
An investment co-ownership agreement is a pre-formatted legal contract between the joint owners of an investment that governs the terms and conditions of their jointly owning the investment. The contract will address the names of the parties, ownership percentage, roles, and responsibilities, and how to handle the investment over time.
This template is specifically drafted for jointly owned investments.
Intellectual Property Co-Ownership Agreement Template
An intellectual property co-ownership agreement is a legal contract that governs the rights of the parties that jointly owners’ intellectual property – like trademarks, copyrights, patents, and trade secrets. The agreement lays out the terms and conditions that govern the parties’ relationships and outlines how the IP is managed and what happens when it sells.
This template is specifically drafted for jointly owning IP.
What Are the Most Important Terms Included in a Co-Ownership Agreement?
Depending on the type of co-ownership arrangement, terms can slightly vary. However, below are some common and important terms you will find in these templates:
- Owner Names. The agreement will clearly outline the legal names and addresses of the parties involved in owning the asset.
- Ownership Percentage. The agreement will make clear the ownership percentage of each party. Example, 50%, 25%, 5%, etc.
- Clear Description of Property. The agreement will clearly state the description (i.e., address, company name, etc.) of the property so there is no question what property is jointly owned.
- Management Responsibilities. The agreement will assign and address how the property or asset will be managed, and what roles the owners have in that. Note, property may be managed by a third party.
- Operating Capital and Expenses. The agreement will address any operating capital accounts and how expenses are handled between the owners.
- Right of First Refusal. If the asset is ever sold, it is common to see a right of first refusal being granted to the co-owners, which gives them the right to buy out another co-owner before selling the property to a third party.
How To Fill Out a Co-Ownership Agreement Template
Here is a step-by-step guide to fill out a co-ownership agreement template for sale on ContractsCounsel.
Step 1: Date of Agreement
The first step is to fill in the effective date of the agreement, which is the date the agreement starts. You will find a field in the template which looks like this: [DATE].
Step 2: Co-Owner Names and Addresses
The next step is to fill out the co-owners’ legal names and addresses, which are the fields [NAME OF CO-OWNER] and [COMPLETE ADDRESS].
Step 3: Ownership Percentage
The next step is to fill out the ownership percentage for the co-owners, which you will see a field named [PERCENTAGE].
Step 4: Description of Asset or Property
The next step is to fill in the description of the asset or property, and it is good to use a unique identify like an address or business name. This field will look like [DESCRIBE THE SPECIFICS OF THE PROPERTY].
Step 5: Management
The next step is to specify who will be managing the property or asset. Note, this could be a co-owner or a third-party company. This field says [SPECIFY PERSON/COMPANY] and is in the Management section.
Step 6: Governing Law
The next step is to fill in the governing law field of the agreement, which is the state laws that will govern the agreement. This is indicated in the template with a [STATE] field.
Step 7: Signatures
The final step is to populate the signatures section and have the co-owner’s sign.
See Real Co-ownership Agreement Projects
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- Tennessee
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Florida Draft Tenant in Common Agreement for Florida Property Co-Ownership Drafting
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ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
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Meet some of our Co-Ownership Agreement Template Lawyers
Joshua B.
Josh Bernstein has been serving real estate and corporate transactional clients since 2002. His experience is varied, and he enjoys working on and puzzling out novel and complex corporate and real estate matters. Josh’s experience includes, among other things, the following: representation of public companies in connection with SEC reporting and compliance work (proxies, 10-K’s; 10-Q’s; 8-K’s, etc.); representation of public and private company securities issuances (including private placements, and other similar offerings); assistance in structuring and drafting joint ventures, both for investors and operating partners, and including both real estate and corporate ventures; handling public and private company mergers and acquisitions; and asset sales and dispositions; assisting clients, big and small, with real estate acquisitions, sales and financings; managing large-scale and multi-state real estate portfolio acquisitions, dispositions and financings; complex condominium creation, structuring and governance work, including: commercial condominiums, use of condominiums as a land planning tool, wholesale condominium property acquisitions and dispositions, and rehabilitating failed or faulty condominium legal structures to make ready for sale; development of restrictive covenants and owners’ association documents for master-planned communities; compliance with federal statutes governing real estate sale and development (including, without limitation, the Interstate Land Sales Full Disclosure Act, the Housing for Older Persons Act, and the Americans with Disabilities Act); representation of real estate lenders, for both improved and unimproved property, and including numerous construction financings secured by real estate; assistance with commercial leasing; from both the landlord and tenant side, and including condominium leasing; training residential home and condominium sales staff for compliance with applicable local and federal law; and workouts of all kinds. When he’s not busy lawyering, Josh may be found watching 80’s commercials, flying a single-engine plane, playing poker, or trying to be a good dad.
"Josh has been extremely helpful sorting through issues with a tenant."
Scott S.
I specialize in business law and contracts, with an emphasis on commercial transactions and negotiations, document drafting and review, employment, business formation, e-commerce, technology, healthcare, privacy, commercial real estate, data security and compliance. Specifically, I've drafted, reviewed and/or negotiated thousands of MSA's, NDA's, TOS', SAAS, sales, service, managed services, referral, reseller, royalty, finder’s fee, employment, contractor, consulting, advertising, marketing, manufacturing, distribution, management, artist, author, agency, photography, rental, lease, vendor, partnership, website, platform, application, privacy, non-compete, non-circumvent, confidentiality, IP ownership and licensing agreements so I'm very familiar with these types of documents. Practicing law since 2006, I worked in-house before starting my own solo practitioner law firm in 2011. I've worked with individuals and start-ups, Fortune 500 companies, and every type of entity in between, always providing quality legal work that fits the exact needs of the person and/or business. I’m a graduate of the Benjamin Cardozo Law School and also have an English degree from Penn.
"Very helpful and appreciated being able to go over the contract revisions and clarification questions I had, thank you!"
Stephen R.
Steve Reich is licensed to practice in both New York and Massachusetts and is based in Boston. He assists with environmental litigation and other complex litigation and heads the firm's intellectual property practice, including copyright and trademark registration and protection. Other practice areas include commercial contract drafting and civil litigation.
"Fast, professional, and articulate—I would work with Stephen again."
Amy B.
Amy Bales focuses on the areas of corporate law, real estate, intellectual property (including trademarks, service marks and copyrights) and entertainment law. She is admitted to the Florida Bar.
"Amy B. was a pleasure to work with. She made a successful effort to understand my company's needs while also educating me on the relevant laws. She took the time to make valuable suggestions along the way which will help in the future. I will definitely use her for on a continuing basis for related projects."
Darryl S.
Darryl S.
I offer flat/fixed fees rather than hourly work to help lower your legal costs and align our interests. I specialize in contract law and focus on making sure your contract is clear, protects your interests and meets your needs. You can expect fast, straightforward communication from me, making sure you understand every step. With my experience, you'll get a detailed review of your contract at a fair, fixed price, without any surprises. I have over 30 years of business and legal experience that I bring to your project. I graduated from The University of Texas School of Law with High Honors in 1993 and practiced at Texas' largest law firm. I have founded companies and so understand how to be helpful as both a lawyer and business owner.
"Co-ownership agreement that was exactly what I needed. Thanks for being so quick to respond and deliver!"
November 7, 2023
Nailah F.
Experienced Commercial & Contracts Counsel.
November 16, 2023
Robert W.
I am an experienced Intellectual Property attorney registered with the USPTO and have managed my solo practice for over a decade. As part of my practice, I handle trademark and patent concerns for my clients. I’ve performed extensive prior art searches, drafted patent applications, and prosecuted patents across a broad range of technologies. I've helped my clients secure protection for both standard character and special form marks across a a variety of classes from candles to dog collars. I believe, as an IP attorney, that I can facilitate the development of new technologies by protecting your rights from infringement or helping you enter the market by establishing those rights from the ground up. More importantly, I believe it should be an open and affordable process that’s accessible to anyone pushing the bounds of innovation.
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Browse Lawyers NowLawyer Reviews for Co-Ownership Agreement Template Projects
Draft Tenant in Common Agreement for Florida Property Co-Ownership
"N/A"
ContractsCounsel User
Joint Ownership Agreement for Couple
"Faryal did a wonderful job producing a joint tenant agreement for us. She was helpful in helping us navigate the nuances, and produced the final output in a timely manner."
ContractsCounsel User
Co-ownership of home after divorce
"Like me, you were probably wondering how your bid was so much cheaper than the others. Yes, he uses AI as a tool but he also has the expertise to address specific points and interpretations. He was very punctual, patient, and professional. The first draft of the co-ownership agreement produced was immediately accepted (my AI-generated ones were not!)."
ContractsCounsel User
Review Co-Ownership Agreement
"Libby did a great job - would highly recommend!"
ContractsCounsel User
We are purchasing a parcel of land in NH as unmarried partners and are seeking an attorney to draft a co-ownership agreement. We have terms worked out.
"Fast, thorough and very fair price. Fantastic work."
ContractsCounsel User
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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ContractsCounsel User
Co-ownership Agreement Drafting
Location: Texas
Turnaround: Less than a week
Service: Drafting
Doc Type: Co-ownership Agreement
Number of Bids: 9
Bid Range: $400 - $1,345
ContractsCounsel User