Achieve the best out of your partnership with a join venture agreement that suits all parties.
Agreeable Exit Strategies
Access to greater resources
Joint ventures are commercial agreements between two or more participants, who agree to 'co-operate' to achieve their mutual business objectives. By joining resources and expertise of two or more companies, there are many advantages.
There's not actually a distinct legal form for a Joint Venture in the UK. There are some commonly used structures though which we can advise on, such as; Company limited by shares, Contractual venture, Limited liability partnership and General partnerships.
Companies typically start joint ventures for one of four reasons: access to new markets, gain scale efficiencies, shared risk of investments and access to skills and capabilites.
As with anything, there are risks to joint ventures. If your objectives are not aligned, their is significant risk of underperformance. Partners may not be equally matched in expertise which can often cause friction.
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