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:
We know legal matters can be stressful, but we’re always here to help.
No fee surprises. With monthly itemised billing and a range of fee options from fixed fees to deferred fee arrangements, we’ll help you keep costs down.
No chat bots or lengthy phone menus. Speak directly to a member of our team every time you contact us.
We’ll reply to any questions you have within 24 business hours so you’ll have the information you need to make the right decisions.
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