K8 Co-operative College

Below is a joint venture agreement between Sunstyle and a group of training companies comprising a co-operative college in Waltloo, Pretoria. This agreement took two years of work and collaboartive effort top create.


K8 Joint Venture
Memorandum of Agreement

Between

Afrenaus Skills Development cc
Herein referred to as Afrenaus

And

Sunstyle
Herein referred to as Sunstyle

And
Khutaza

And


Herein referred to as


The Identification of Joint Venture opportunities

1. Whereas the founding parties to this contract are tenants at 316 Kuit Street, Waltloo
2. Whereas each party to this contract offers human development services.
3. Whereas all the parties see the benefits that would accrue to their interests should the parties share resources.
4. It is agreed that the parties will form a joint venture called K8 Services.
5. It is further agreed that this joint venture shall be constituted as a Company limited by guarantee as provided for under Section 21 of the Companies Act (Number 6 of 1973 as amended).
6. The objects of K8 will include the provision of :
· Administration services
· Financial services
· Organizational Development services
· Labour Recruitment services
· Management and Strategic Consulting
· Training and Development services
· Marketing services
·



7. The parties to this agreement agree to collaborate in good faith to promote the objects of K8
8. At all times both parties agree to promote the following values in their relationship:
· Confidentiality and non-circumvention
· Anti-discriminatory practice and non-judgemental attitude
· Individual rights
· Recognition of differences
· Effective communication
9. Any substantive decisions or changes to this agreement must be made by duly delegated representatives of both parties and signed by the Managing Directors of both companies after being properly passed by their board of directors.
10. Termination of this agreement must be made in writing byany party giving at least one calendar month’s notice.
11. Should a dispute arise then both parties agree to first seek to resolve the dispute between themselves. Should this fail, then both parties agree to invite a mediator to assist in resolving the dispute. Should mediation fail then the parties agree to subject themselves to arbitration.





Signed at ______________________ this ________day of August 2005



_____________________ ______________________
For A2B Witness



_____________________ ______________________
For Sunstyle Training Witness