Joint ventures represent a convenient way for businesses to come together, pooling expertise and resources to deliver a project, while sharing the risk. However, setting up a joint venture company needs consideration of many commercial issues and well drafted documentation which makes rights and duties clear is essential to safeguard all parties’ interests.
Lawyers from our commercial teams are experts in creating joint venture agreements. They fully understand the intricacies and know what is at stake at every stage of the discussion – ownership, structure and set up of the vehicle, funding, tax, employment and competition law issues, profit extraction, and other factors to address as completion approaches.