If you are thinking of entering into a joint venture (JV), it’s important to be mindful of carrying out due diligence on your proposed partner. What do you really know about them? How much money are you each putting in? What are you expecting each party to do? Are you sharing secret information or licensing rights?
Think about your risk and liability and get advice on the structure and how it will work. If you don’t have a clear written contract setting out the parties’ obligations, you may run into trouble and end up in a dispute.
The Furley Page Corporate and Commercial team is used to advising on complex structuring and will work with you to analyse what you expect from the joint venture and what happens when the joint venture is terminated.
We are experienced in analysing what parties want to achieve and:
Joint ventures are an incredibly complex legal area and all too often clients proceed without proper documents and get stung by a costly dispute later down the line. Don’t be one of them - we can scope out what you need and agree a capped fee if it’s of assistance.