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1. THE RECITALS

Joint Venture Negotiation, Stage 3The recitals are full of "whereas's," "wherefores," and "therefores." They say

  • who the parties to the negotiation are.
  • what names each party uses to identify themselves.
  • what the following document represents (usually, an agreement to do business under the terms outlined).
  • a statement that tells the reader to witness that the parties have agreed to the provisions outlined.