Joint ventures tend to arise when two or more organisations seek to work together to pool resources for example to develop or exploit new products, intellectual property or markets.
There are different structures which a joint venture can take including contractual co-operation agreements or partnership arrangements involving only the participants or, perhaps more commonly, corporate transactions where a new entity is formed which is owned between the participants.
In this case the matters which need to be agreed between the participants include the constitution of the new entity and how it is to be owned and controlled and what they will each put into it. The key documents include the joint venture agreement and the articles of association of the joint venture company. Usually the joint venture company is a limited company but it is also possible that the participants could incorporate a limited liability partnership.
In addition to important tax and accounting considerations, there are a number of legal and practical considerations which will be relevant to the choice of form for the joint venture.
Our corporate lawyers have considerable experience in advising on a wide range of joint ventures.
If you are considering setting up or entering into a joint venture agreement and would like to receive legal help or advice, please contact one of our corporate lawyers on 08081668827.
For further information you may also be interested in:
- Joint venture and collaboration agreements
Disclaimer:
Information on this website is provided for general information purposes only. It is not intended to constitute and should not be relied upon as legal advice. There are a number of factors and circumstances which may be relevant to legal advice. The law may also have changed before we are able to update the information on this website. If legal advice is required, please contact us on 08081668827.
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