People or companies may decide to combine their talents and resources in a joint venture, for the purpose of a specific, new business. Because the individual parties may be able to bring to the business their own specialised experience, a joint venture can be greater than the sum of its parts. We can assist you in the formation of a joint venture company and can draft a joint venture agreement for you.

Where two or more such parties come together for a business purpose, it is vital that the rights and obligations of each are known and understood at the outset. Specifically, if the joint venture is owned on a 50:50 basis, then there must be a clear mechanism for the resolution of a “deadlock” situation. All of this can be achieved in a properly-drafted joint venture agreement.

For more information about this please contact Graham Mott on gm@wdavies.com or David Main on dm@wdavies.com