Many businesses benefit from joining forces to achieve a common business goal. A joint venture agreement is usually drawn up when two or more businesses agree to combine efforts.
Any agreement needs to be carefully considered to protect all parties involved. Our specialist and qualified team can advise on contractual joint ventures which involve an agreement to co-operate, as well as formal incorporated joint ventures where a separate limited company is set up.
These agreements cover such aspects as:
- Financial contributions
- Time contributions
- Ownership of assets
- Ownership of intellectual property
- Sharing of liabilities
- Sharing of profit and losses
- Exit strategy