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                                        JOINT VENTURE AGREEMENT

                                        A Joint Venture Agreement regulates the relationship between two or more businesses who wish to undertake a specific joint business activity or project together.

                                        There are many legal routes to the establishment of a joint venture. The more popular of these are:

                                        • Contractual Joint Venture – a contract which regulates the business relationship between the parties.
                                        • Company - forming a new company in which the joint venture partners are shareholders. The main terms of the agreement between the shareholders are set-out in a joint venture / shareholders agreement.
                                        • Partnership or Limited Liability Partnership – entering into a partnership or forming a limited liability partnership in which the joint venture partners are partners / members. The main terms of the agreement between the members would be contained in a partnership / LLP agreement.

                                        The optimal structure for a given joint venture will depend on the nature of the parties and their business relationship. We would be very happy to advise you in this regard.

                                        It is very important that the terms of a joint venture arrangement are set out clearly in an appropriate agreement. Specific provisions will need to be included to deal with, for example, operating and managing the joint venture, contributions of time and resources, meeting expenses and distributing profits.

                                        What does our package include?

                                        1

                                        Detailed Consultation - with one of our solicitors to provide advice and to take detailed instructions.

                                        2

                                        Drafting a Joint Venture Agreement - a comprehensive agreement tailored to the requirements of your joint venture.

                                        3

                                        Guidance - written in plain English.

                                        4

                                        Liaising with you and your accountants - as required.

                                        Joint Venture Agreement Package
                                        From £1500    ( £1,800.00 inc. VAT)
                                        Do you also need to form an company?   Our formation service is only
                                        £34 + VAT when ordered with a Joint Venture Agreement.

                                        What is a Shareholders Agreement

                                        Find out here

                                        What is an LLP Agreement

                                        Click here

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                                        © 2019 Legal Clarity Limited: Corporate & Commercial Legal Services - Company Formation - Company Secretarial Registered in England and Wales (number 6452925) and authorised and regulated by the Solicitors Regulation Authority (SRA number 573589). 1st Floor, Charles House, 148-149 Gt Charles Street, Birmingham, B3 3HT. Tel: 08456 800 727. VAT registration number 925709016.

                                                          
                                                          

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