Joint ventures are business agreements where parties make the agreement to develop, for a certain amount of time, a new business or asset by contributing money or resources.
Our corporate law solicitors can help you get through the initial negotiations that will help you to set up your new joint venture by explaining all of the issues that need to be thought of and showing you how to go about it all.
Often a joint venture company will be set up to ring-fence liabilities and allow the parties to share profit on an agreed basis. A joint venture agreement essentially makes clear who is doing what, confirming the boundaries and roles of the relationship with a view to avoiding disputes and maximising profits.
At KBL we know that there may be too much legal or technical jargon that can make joint ventures a little daunting, but that is why KBL’s commercial law solicitors will work together with you to make sure you get the best outcome for your business whilst being sensitive to the overall strategy or goal.