Joint Ventures (JVs) are a useful medium for businesses wishing to pursue activities where they do not have all of the required expertise, resources or funding for the project. Whether a company is looking to diversify risk and control, combine expertise, save money, enter a foreign market or gain access to new resources, a JV with another party may provide the mechanism to achieve their goals.
A ‘joint venture’ is not strictly a legal term and can encompass a broad range of relationships between parties whereby they pool certain resources and share the rewards. This note is intended to outline the main principles that any party entering into a JV will need to consider. Your legal advisors will assist you in structuring and documenting the JV to ensure commercial objectives can be achieved whilst meeting the legal, regulatory and tax requirements of the venture parties.
You can view the guide by clicking here or the image below.
This publication is a general summary of the law. It should not replace legal advice tailored to your specific circumstances.
© Farrer & Co LLP, August 2020