Joint Venture Agreements
Joint ventures allow two companies to share resources (management capital, customers, experiences, IP etc) in order to achieve a shared business goal.
Joint ventures mitigate risk of a new venture for both parties. We can advise on the commercial and financial terms of a joint venture agreement, we can also provide input to the drafting of joint venture agreements – helping create a basis of working together that is fair and reasonable.
Joint ventures can involve complicated revenue/profit sharing agreements. In some cases one of the joint ventures partners relies upon the other to maintain financial records and distribute the profits accordingly. We have experience of reviewing the accounting behind such agreements.