JV Property Development Solicitors

It can often prove very attractive to partner up with business associates, friends or family in order to split the cost of a project.

Whilst it is highly unlikely that any issues will arise whilst the parties are working together to achieve the same goal, it is quite often the case that major strains on a working relationship start to arise from the moment that the parties cannot reach a consensus on any particular issue. It is recommended therefore to document a business partnership of this nature by way of a Joint Venture Agreement.

Our commercial property solicitors can assist with the preparation of a Joint Venture Agreement which will ensure that you and your partners will have a means by which to co-operate to achieve your objectives.

A Joint Venture Agreement is particularly useful in the circumstances in which one party is to contribute the lion’s share of the technical work required in a matter whilst the other party is to provide the majority of the finances. Such an arrangement often arises where one business partner specialises in construction whilst the other is to provide a significant initial investment.

There is no standard document that can apply to all circumstances when it comes to Joint Ventures and it is necessary therefore to seek the appropriate legal advice in order that a bespoke agreement can be prepared.

Our team have the necessary expertise to assist with the preparation and negotiating of a Joint Venture Agreement to ensure that your position and interests are adequately protected.

For further information or to speak to a member of our team please call 01928 735333 or click here for a call back.