www.charitylaw.ca
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–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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