If you are looking to collaborate with another corporate entity in a project, it is a good idea to have a joint venture agreement in place to set out the position between you and underpin each party’s obligations.

A joint venture agreement is a commercial agreement in which two or more parties agree to collaborate on a particular project, with the agreement also establishing the terms, obligations and undertakings of each party, as well as the distribution of any rewards from the venture.

Joint ventures are often a good option to companies looking to enter new sectors, share risks and combine their knowledge, expertise and resources. Before undertaking any work in collaboration with another company, it is good practice to put a joint venture agreement in place so that your interests are protected.

If you are thinking about entering into a joint venture agreement, it is important to think strategically about what should be included. This depends on the nature and intended length of your collaboration, your aims for the project and what provisions you would like to be able to exit the venture.

Our Corporate team has the expertise needed to structure, draft, negotiate and advise on your joint venture agreement.