A joint venture describes a commercial arrangement between two or more individuals or businesses. If the resources needed to grow a specific aspect of your business are out of reach, a joint venture between two independent commercial enterprises may well offer the right solution. Whether those resources are specialist expertise, specific assets, connections, or finance, a project-specific joining of two commercial enterprises can often create a viable project. Our commercial solicitors offer crucial expertise in this area of law.
But where there might be potential, there may also be risk. Statute rarely intervenes to resolve disputes in commercial ventures, underlining the need for the parties themselves to decide on specific arrangements at the outset.
Our team of joint venture law specialists will advise on how to avoid complications by considering such areas as:
What is the best corporate structure and management team to operate the joint venture?
Who should contribute what assets?
How much staffing does the project require?
In what proportions should profits be split and when should they be taken?
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