Joint Venture Agreements
Our team of solicitors are experts in providing Joint Venture Agreements. Contact the team to discuss your requirements in detail.
- Milton Keynes 01908 660966
- Northampton 01604 828282
Our team of specialist lawyers are experienced in providing advice and assistance upon Joint Venture Agreements which are commonly required to govern the relationship between two or more parties within a specified project.
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It is essential that the terms of the Joint Venture Agreement consider your personal or business needs alongside the aim of the specific project. Additionally, there are various technical aspects relating to the financial and tax implications of the project which will need to be properly negotiated and documented so as to avoid a future dispute.
Frequently Asked Questions about Joint Venture Agreements
What is a joint venture agreement?
A joint venture agreement in property development is a deal between multiple parties to pool resurces to help fund the development of a piece of land.
What should be included in a joint venture agreement?
A joint venture agreement should set out details of all of the parties involved, the purpose of the agreement, duties and obligations of those involved, percentage ownership, how matters will be resolved, terms for dissolution of the agreement and the methods for dispute resolution.
Does a joint venture require a written agreement?
A joint venture agreement should be a written, binding contract which clearly defines the purpose of the agreement and how matters will be resolved. This will give all parties a greater level of protection and provide a framework for successful outcomes and dispute resolution
What is the minimum number of members required in a joint venture?
There must be a least two parties engaged in a joint venture for it to be legally classed as such.
Who is liable in a joint venture?
The terms of the contract should state which parties have responsibility and liability for what. In the case of a 50/50 joint venture, normally both parties would be equally liable.
Is a joint venture agreement a contract?
Yes, a joint venture agreement is a legally binding contract which stipulates the details of the parties involved, the percentage ownership split in the contract, the respinsibilities and liabilities, the resolution process and the dissolution process.
Contact the Franklins Business Services team
If you have any questions about joint venture agreements, please don’t hesitate to contact our team of experts who are on hand and ready to help you.
