At Talbots Law, we believe in collaboration. Our Corporate & Commercial team know how exciting a joint venture can be, and with the right legal assistance, everything should fall perfectly into place.
Working with another company can be a way of growing or diversifying your own business. A joint venture is like any commercial relationship, and having the appropriate legal agreements in place ensures both sides are clear on their role and responsibilities. Our Corporate & Commercial Team have years of experience of providing legal advice in relation to joint ventures and are on hand to advise you through the process.
Both parties involved in a joint venture need to be clear on:
- What the undertaking relates to;
- Why it is being formed;
- How long it will exist;
- The management of the venture.
Profit sharing, management structures, intellectual property rights and investment matters will require some thought too. We will take you through all of these aspects of setting up a joint venture and explain it in clear, simple language.
Our Corporate Commercial Team
Why choose Talbots Law for joint ventures?
At Talbots Law, we have advised on joint ventures across many different sectors from construction and engineering to financial services. Our Corporate & Commercial Team will listen and tailor solutions to your requirements. Joint ventures are set up for many reasons; we will take the time to understand yours and create a structure that helps you achieve your commercial ambitions.
Joint ventures can be complex, but we believe in keeping everything as straightforward as possible. We know how important it is to understand a situation, quickly and effectively. Our Corporate & Commercial Team will explain the terms of the documentation to you clearly, so you can evaluate the risks of the venture and make informed decisions.
Joint ventures can be arranged in different ways, therefore both parties need to agree on the best solution for their project. We will help you reach that agreement, and draft a joint venture agreement to reflect the aims of the venture, and the obligations of the participants.
Joint Ventures FAQ
What should I look for in a joint venture partner?
The ideal joint venture partner is someone whose strengths complement yours. For example, if you have a new product to launch, co-venturers with contacts and experience in sales, distribution and customer services may be the perfect partners.
What due diligence will need to be completed?
Due diligence on the other company entering the joint venture will include checking that they are able to enter such an agreement and that they own the assets that will be forming part of the venture. We will ensure that the individual partners’ obligations and participation are clearly set out.
Before entering into any form of joint venture agreement, talk to a member of our Corporate & Commercial Team. To find out how they can help you prepare, understand and implement a joint venture agreement, please call our office today on 0800 118 1500.
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