A joint venture is a great way to join together with another supplier or industry specialist to achieve a new objective, without the hassle of merging, de-merging or acquiring the company for their expertise.
A joint venture is a business arrangement in which both parties agree to work together to accomplish a specific project, for example, the building of large infrastructure.
Before diving headfirst into this new and exciting opportunity, there are practicalities that need to be considered. The first step is considering how the joint venture might look. Will it be a new company in which you are all shareholders, or will it be a purely contractual relationship?
Once you have established how the venture might look, you need to begin outlining the responsibilities and rights of each respective party, as well as thinking about who might provide any initial funding that is required.
Hybrid know how to get it right for you and your business. The success of our clients is our success, which is why we work to get it perfect for you.
We know exactly what you are thinking.
- That is going to be costly
- Solicitors don’t understand our business
- It is too complicated
- I do not have time for complex lengthy paperwork
- Formalising it will be a waste of time
Let the experts help
Hybrid understand business and are as passionate about your goals as you are.
- Fixed fees
- Down to earth advisors
- A team who cares
- Years of expert knowledge at the dial of a phone
- Simplified approach making the whole process easy to understand
Our approach to your Joint Venture.
With understanding, care, and passion, we will help you achieve your success.
Understanding your business
Many traditional law firms forget this, but it’s the most important step. We need to understand your company, your goals and your plans when it comes to setting up a joint venture, we will consider the potential impacts and strive to mitigate your risk, but we can only do this when we understand you.
Joint ventures require you to work closely with another business, and in doing so you expose yourself to some of their potential risks. In order to protect you and to draft an agreement which achieves this, and your goals, we will look closely into the other business to identify any areas we need to pay particular attention too.
A joint venture agreement takes time, and care. It has to reflect both parties’ positions, lay down clear unambiguous obligations and rights, and demonstrate how conflicts within the venture will be dealt with. The reality is a badly drafted agreement could expose you to risk and cost, and as such we are meticulous about the detail.
Once you are happy with the agreement it is time for you and your new partners to sign, we can assist you in completing the transaction, so you do not need to worry about attending the offices.
It may be the case that over the years you have questions about the agreement, or you need it amending or just to better understand its provisions. In the event of a dispute, or the desire to expand the agreement, we can be on hand with advice and expertise.
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