Joint Venture Agreements
Joint ventures are popular as methods to collaborate and expand one’s commercial potential. At London-based Adam Bernard solicitors, we can provide legal advice as well as draft a Joint Venture Agreement to aid you through this endeavour. A Joint Venture Agreement is a contract between two or more business entities that undertake an enterprise together.
Joint Venture Agreements typically include:
- The type of joint venture
- Venture details, such as its name, address, purpose, etc.
- Duration of the venture
- Members and their capital contributions
- Member duties and obligations
- Management, dissolution, and assignment of interest details
- Non-compete, confidentiality, and dispute resolution clauses
What we can do
There are many positives to endeavoring on a joint venture, including more financial and technical resources, greater expertise, and the ability to reach a wider market; however, there is still a serious risk of disputes. In such business relationships, disputes and disagreements can result in expensive legal fees and even risk the dissolution on your new commercial endeavour. Our experienced Commercial Contract Lawyers can aid in creating a solid foundation for this business relationship, through detailing obligations and processes via the creation of a well-written Joint Venture Agreement, to mitigate the risks of disputes and disagreements.
Need a Directors contract? See: Directors’ Service Agreements.
We can also review and advise on agreements you are being asked to sign, renegotiate new terms on existing agreements and contracts or draft entirely new contracts.
For more information, please get in touch with our expert Commercial Contract Lawyers on 0207 100 0505.