Joint Ventures, Partnerships or Shareholder Agreements
Claric Legal Services
What are Joint Ventures, Partnerships or Shareholder Agreements?
Normally two or more parties wishing to carry out a joint commercial enterprise. The structure may vary from setting up a joint venture company or limited liability partnership through to a less formal structure where the joint venture is simply created via the contract (the latter being much the same as a collaboration agreement).
Why are they important?
It is important that the joint venture is defined/described and the parties’ roles set out clearly. Joint ventures can often be complicated so it is important that the partners’/shareholders’ rights and obligations are documented.
How Claric can help
Claric recently advised on a joint venture between several parties which involved:
1. Incorporating a joint venture company (newco);
2. Sale of a business to the newco;
3. Licensing of IP to newco;
4. Investment and loans from joint venture partners to newco.
In addition to advising on the structure, Claric drafted all the legal documents required to protect the relevant parties.
Get in touch
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If you’re looking for easy access and affordable legal advice along with clear and understandable legal documents, contact Richard Jenkins on
024 7698 0613 or info@clariclegal.co.uk for further assistance.
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