A Joint Venture Agreement defines roles and obligations, ultimately protecting you and your business.
Starting a joint venture is an exciting time for entrepreneurs, but it’s important not to forget about the potential risks involved. We design joint venture agreements that balance opportunity with risk, providing clear guidelines that foster successful partnerships while safeguarding the business.
FAQs
A joint venture is when two or more parties go into business together, sharing responsibilities, skills and capital.
A Joint Venture Agreement is a legally binding contract between the parties involved. Having this formal agreement in place defines each parties’ rights and obligations, covering aspects such as:
You can find Joint Venture Agreement templates online, and if you decide to go down this route, you should do so with caution.
An online template can be considered cost-efficient, but it is unlikely to contain terms relevant to your circumstances, making it redundant if you end up in a dispute. It may also not be up-to-date with industry standards.
Consulting with a commercial solicitor to draft or review your agreement will prevent potential issues down the line and ensure you’re protected in all eventualities.
If you decide to use a template and then ask a solicitor to check it, they may still end up having to rewrite it.
The key stages involved in drafting a Joint Venture Agreement include:
Depending on your matter, a typical review of a Joint Venture Agreement will involve:
If you need a Joint Venture Agreement drafted or reviewed by a solicitor, we can help. Just give us a call on 0203 007 5500.
Each Joint Venture Agreement is different as they are tailored to suit the specific circumstances of your business.
Other factors may also affect the completion time, e.g. how long it takes to negotiate between parties.
Your solicitor will give you a time estimate upon further discussions of your matter.
In the case of a Joint Venture Agreement draft or review, the cost depends on the length of the document and the extent of negotiations. Once you have outlined your needs with our solicitors, we can provide a timeframe and fee estimate. To request a callback from our commercial solicitors, please call us on 0203 007 5500.
Call, email or provide us with a few details of your matter, and we’ll help you arrange an initial consultation. You’ll get:
No fee surprises. Ever. Our solicitors in London and Brighton will inform you from the outset how much your case will cost and we will do everything in our power to keep costs down and within your original fee estimate.
You are our priority and law is our speciality. Our award-winning solicitors in London and Brighton ensure you know exactly where you stand from a legal perspective so you can make a well-informed decision.
With fortnightly updates on your case, you’ll never be left in the dark. Our solicitors in London and Brighton ensure you know exactly how your case is progressing and are with you every step of the way.
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