Joint Ventures

A joint venture is a good way of two businesses pooling resources and skills to develop the business. It is however, like any relationship, an arrangement that needs careful thought and an agreed strategy to make it successful.

Having informed discussions at an early stage in negotiation and ensuring that agreements are properly documented means that any issues can be resolved and the joint venture is likely to succeed. Common areas for discussion are:

  • What assets is each party bringing to the venture?
  • Is there a timetable for progression of the venture?
  • How many staff is each party committing to the joint venture?
  • How is the venture to be funded?
  • How are profits to be shared?
  • Is there an exit from the venture?

 We have a specialist team of lawyers that will support you through the process with practical and commercial advice.

 

For advice on joint ventures or any business matter, please contact one of our team today by calling 01905 723561 or email us at info@smesolicitors.co.uk.