A joint venture (JV) is an alternative business arrangement in which two or
more parties agree to pool their resources for the purpose of accomplishing
a specific task. This may be a new project being entered into together or
some other joint business activity.
Under English law a joint venture has no specific meaning and the
commercial arrangement between the parties can take a number of different
forms depending on what the parties are trying to achieve. Sometimes a JV
will be formed by means of a contractual agreement between the parties
(where the parties prefer such a simply, relatively loose commercial
arrangement). Alternatively the parties might wish to have a more formal,
tighter structure, in which case they might decide to form a new JV company
with the parties being the shareholders.
This subfolder contains a form of contractual joint venture agreement, the
Contractual Joint Venture Agreement, and a Legal Vehicle Comparison Chart
(comparing four legal forms of JV) which may be useful for business
customers considering which way to structure a JV arrangement.
document templates - for setting up other forms of JV - can be found in the
Joint Ventures is part of the Business Documents folder. Just £35.00 + VAT
will provide you with 1 year's unlimited access to download all/any
documents from the Business Folder.