There may be times why joining forces with a business partner or even a competitor may be highly beneficial. It may give access to different markets or open up opportunities to expand whilst sharing the risks. As with any successful team, sometimes the whole is far greater than the sum of the constituent parts and transformation whether through the sharing of knowledge and resources or otherwise may possible.
There are different ways to structure joint ventures. At times, the creation of a new company or limited liability partnership is appropriate. At other times merely a detailed contract is sufficient. The best way to proceed may depend on a number of factors quite apart from the underlying law immediately relevant to the subject matter of the JV. Thus, issues of tax and intellectual property are often very important. We have a broad range of experience of advising in relation to joint ventures and in structuring the shape of the arrangements and drafting the details of the agreements.