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Many businesses join together to achieve a common business goal which can range from increasing sales to gaining access to experts and specialist knowledge. A joint venture agreement is made between two or more parties. It is important to seek independent expert advice to ensure any agreement meets your specific needs, contact our joint venture experts on 0203 816 9303.
Our solicitors have experience of drawing up joint venture agreements in numerous industry sectors and as a result you can trust our corporate solicitors to draft a comprehensive agreement including all the necessary provisions that are required for each party’s aims and objectives to be fulfilled. Whatever your requirements, we will ensure the agreement is fair to both parties by recognising the contribution made by all parties and ensuring you understand the agreement and what it is expected to achieve.
Commercial solicitor Mark Williams talks about joint ventures, explaining what they are and why you might consider one. He also looks at the importance of having a joint venture agreement in place and what protection this will provide to both parties.
[youtube url="https://www.youtube.com/watch?v=eVrT9TaA8HY"]
Our corporate solicitors are able to advise on both contractual joint ventures, which just involve an agreement to co-operate (as opposed to a separate business being formed) as well as more formal incorporated joint ventures where a separate business is set up.
Joint venture agreements typically include details on: the structure of the joint venture, the objectives, the financial contributions you will each make, ownership of intellectual property created by the joint venture, management and control, the sharing of liabilities, profits and losses, the handling of disputes and an exit strategy. However, our agreements can also include items that are unique to your circumstances for example details on competition rules, royalties etc.
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As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.
