There may be a time when your business wants to collaborate with another on a line of business or a particular venture.
When that happens, you should consider a Joint Venture – this can be a good model to work under if the businesses do not actually want to merge their entire businesses together.
Joint venture agreements are likely to contain:
- provisions to ensure an appropriate balance of power
- voting rights in the joint company
- mechanisms to resolve deadlock situations which can arise if there is a fundamental disagreement.
If this sounds the right approach for your collaboration, we can help.
Our commercial lawyers are well versed in Joint Venture arrangements and can advise you on all aspects – from establishing Joint Ventures to dealing with issues which arise during the collaboration and when the relationship comes to an end.