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www.charitylaw.ca
–However, the charity may be
outvoted by the other joint venture
participants and its resources used for purposes
outside the agreement
–The
agreement between the parties should include a provision that
allows the charity to discontinue devoting its resources to the
venture if its resources are to be used for non-agreed upon purposes
–Before entering into a joint venture
agreement, a registered charity
should ensure that it can and will carry out
and comply with the terms of the agreement in
order to avoid the arrangement being viewed
as a paper arrangement only
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