What is a joint venture agreement?
- 21st May 2021
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Collaborating in business can be both rewarding and challenging. Whatever the structure of your business, it’s important to understand the options available to you when entering a strategic partnership.
Starting a joint venture
A Joint Venture (JV) is an arrangement whereby two or more separate parties collaborate to run a business in order to achieve a specific commercial goal. JVs come in many different forms and are entered into for many different strategic reasons, for example to combine financial resources or to share knowledge. JVs can be set up as separate corporate entities or as a contractual arrangement between parties.
Protect your interests with a clear and concise written agreement
When establishing a joint venture, it’s important that the parties involved clearly define the scope of the agreement and outline the responsibilities and rights of each respective party. Many joint ventures fail without a well-planned strategy. Without the proper protections, the legal disputes that can follow can be stressful, time consuming and damaging for your business.
Loosemores is a boutique law firm with in-depth knowledge and expertise. Our Corporate and Commercial department regularly advises on a range of corporate transactions such as sales and acquisitions, management buyouts, debt and equity investments, and joint ventures.
If you need advice from our team of legal experts, please email firstname.lastname@example.org or call us on 02920 224433. Please contact Senior Partner, Mark Loosemore, or fellow Corporate Partner, Siôn Tudur to find out more.