Joint ventures enable two or more parties to share the same objective in carrying out a certain task (or tasks) without the need for participation in the M&A process. Typically, a joint venture will be formed to meet the objective of a short to medium term project and a joint venture agreement (JVA) is used to document that relationship.

A JVA can cover a range of different situations and can be used to clearly set out in writing the rights and responsibilities of the parties forming the joint venture. BWL can advise on which type of agreement would work best for you based on:- The parties' objectives in forming the joint venture - The parties' initial commitment to the venture in money, skills or other resources - The way in which the profits and losses of the venture are to be divided between the parties - The intended duration of the venture—the agreement should also provide for early termination in certain specified circumstances - The structure of the joint venture- for example, if the joint venture is incorporated and a limited company is formed, we can document the joint venture in the form of the shareholders' agreement and articles of associationThe team at BWL also has experience of working in conjunction with other advisors including accountants, tax advisors and planning consultants to ensure that the scope of the JVA is accurate and reflective of the legal and commercial framework under which joint ventures operate.Some of the different types of contractual joint venture agreements that we can advise on are:- Property development agreements - Construction/infrastructure joint ventures - Development management agreements - Collaboration agreements - Research and development agreements expertContact us today to find out how our legal team can help you with your joint venture project.