Joint Ventures

A joint venture agreement may be appropriate if you and another party are planning to set up a company for a particular project or each contribute their own business’ skills and services during a project.

You need to consider what each party is contributing in terms of money, assets and time commitment; the liability of both parties and each party’s share in the profit.

In our experience, problems arise in business when partners/shareholders fall out or parties do not adhere to their obligations under whatever contractual arrangement is in place.
 

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