Joint Ventures

If you are planning on working on a project with another business, you need a comprehensive agreement in place to ensure that everyone knows exactly what is expected of them.

We regularly work with businesses to draft bespoke joint venture agreements setting out the details of complex deals. We take the time to understand the parties’ mutual goals and ensure that our clients rights and interests are protected.

The team will make sure that you understand the implications of entering into a joint venture agreement and whether or not it is in your best interests to do so.

It is important that your joint venture agreement is tailored to your requirements and that all eventualities are covered.

Common clauses 

• How disagreements will be resolved
• How much time the parties and their teams will give to the venture
• How profits and losses will be shared
• How the venture can be ended
• Management responsibilities of each party
• What assets each party will invest in the venture
• What control those involved will have and who will make key decisions
• What financial contributions will be made
• What work each party will carry out
• Whether the parties can sell or transfer their share in the venture
• Who will be responsible for liabilities
• Who will own any intellectual property created in the course of the venture
• Your objectives in entering into the agreement

Our team of specialist commercial lawyers will  ensure that all of the relevant clauses are covered and that you have the security you need to enter into the venture. We will make sure that a joint venture is the best solution for your project or whether another type of agreement would be more suitable, such as a partnership or limited liability company.

Our commercial expertise

Our Commercial Team has wide experience in dealing with organisations who are intending to enter into business with another entity. If you ask us to represent you, we will look at the deal as a whole and let you have our honest opinion. Where we spot potential difficulties or opportunities, we will let you know.

We are known for providing an excellent standard of service and you will always be able to pick up the phone and talk through any concerns or queries you have. We work proactively to ensure that transactions move forward without avoidable delay and if you are entering into a joint venture, we will do all we can to ensure the agreement process goes smoothly and efficiently.