Our Commercial Law Solicitors can provide advice and guidance on Joint Venture Agreements. We can provide your business with a contract that is perfectly tailored to benefit the proposed joint enterprise.

When most people think of a Joint Venture Agreement they tend to think about big multinational businesses, however joint ventures are becoming an increasingly important way of doing business for small businesses as well.

Although no two Joint Venture Agreements are ever the same, the right legal and financial advice can help parties decide which type of Agreement best meets their requirements.

There are plenty of options to consider in relation to the joint venture structure. The terms of the agreement will vary dependent on the needs of the business. All terms of the arrangement will need to be negotiated and agreed between the parties. As part of this process, legal advice on the most advantageous options can mean the difference between a joint venture that works, and one that has problems.

The terms of any Agreement usually cover:

• The joint venture’s purpose
• The parties’ respective contributions, including finances and assets
• How profits, losses and liabilities will be shared
• How many disputes will be resolved

Each joint venture arrangement is different, so close attention has to be paid to:

• It’s viability
• A client’s exposure to risk
• Limitation of their liability

While clients are usually pleased to be sharing the burden of risk, some find the prospect, and the reality, of relinquishing control over the running of the project more difficult. The nature of joint venture arrangements demands that terms are well mapped out and thoroughly considered before they are agreed.

Whatever your size, structure or reason to set up a joint venture, we are focused on helping to deliver the growth you are looking to achieve. Our Commercial Law Solicitors have the knowledge and skills you need to protect your interests and get the most out of the arrangement.