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• CONTRACTUAL JOINT VENTURE AGREEMENT PROFESSIONAL

In this article, we provide an overview of each of the 3 most common joint venture structures.

CONTRACTUAL JOINT VENTURE AGREEMENT PROFESSIONAL

Therefore, it is important to be clear as to the reasons for the transaction, identify potential risks and contact your professional advisers at an early stage. Equally, clear and well thought-out joint venture agreements can help make a joint venture run smoothly from start to finish. It is important to bear in mind that significant legal or practical changes to a joint venture or requests for the same, after it has commenced, can unsettle and lead to distrust between the parties and even result in the collapse of a transaction. The choice of structure depends on the circumstances and bargaining power of the respective parties.ĭuring each phase of the joint venture, it is important for the parties to keep focussed on their key reasons for entering into the joint venture and to continually re-assess the merits of and opportunities for the joint venture in terms of the proposed deal that has been struck. However, the 3 most common structures used are a corporate joint venture, a joint venture partnership and a contractual joint venture. The parties wishing to enter into a joint venture have a number of choices of structure available to them. :: :: TUPE and Transfers of UndertakingsĬompanies and individuals often seek to expand or develop new products or services nationally or internationally through a joint venture with one or more other parties, enabling all parties to use their respective resources, assets, knowledge and skills to develop an existing or create a new business.:: :: Reorganisations and restructuring.:: :: Share Options, Agreements & Schemes.:: :: Business & Asset Purchases & Sales.:: :: Joint ventures & joint venture agreements.:: :: Setting up, managing and closing different types of partnership.:: :: Partnerships, Limited Partnerships & LLPs.:: :: Company Memorandum of Association.:: :: Private Companies Limited by Guarantee.:: :: Private Companies Limited by Shares.:: :: Franchising and Franchise Agreements.