Joint ventures are alliances which combine the skills, resources and efforts of a group of people or entities for the purpose of achieving a common commercial objective. A joint venture arrangement can be a useful method of sharing risk, combining skills and technology or entering new markets without the need for a full scale merger or binding the parties’ entire undertakings.
Joint ventures are complex and legal advice is imperative to ensure that all legal and commercial issues are addressed. Specialist advice at the structuring and planning stage will help you choose the best method for pursuing the joint venture and identify the key issues which will require careful consideration and negotiation.
At Morecrofts, our specialist commercial solicitors have hands on practical experience of all issues which may arise when considering a joint venture or strategic alliance. We can advise on the alternative structures which the joint venture may take and can attend to all formation and incorporation requirements. The key documentation in any joint venture will be the main agreement governing the parties’ relationship, whether this is through a shareholders’ agreement, a partnership agreement or co-operation agreement.
An early consideration of the key issues is required for any joint venture including profit realisation, exit strategies and deadlock resolution.
We understand how worrying legal costs can be so we have a range of payment options available to suit your budget and needs. For many of our services we offer fixed fee packages alongside our traditional fee system and we will help you decide which option is right for you.
For a confidential discussion with one of our specialist lawyers, please call our free phone number 0800 949 9123 or email us via the contact form here.