Joint Venture Lawyers

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What is a Joint Venture?

A joint venture is a business relationship between two or more people or businesses (such as a corporation). This type of business relationship is formed when two or more people or businesses combine their efforts, ideas, or property for a single project or related series of transactions. A joint venture is usually formed by a contract between the agreeing parties. Joint ventures can range from a small activity to a huge, multi-million dollar project.

What Are the Characteristics of a Joint Venture?

A joint venture is similar to a partnership, but with a key difference. While a partnership concerns ongoing business in all regards, a joint venture only concerns a single project or a related series of transactions. Here are some other common characteristics of joint ventures:

What Are Some Examples of a Joint Venture?

Joint ventures are formed in all kinds of business realms. Examples include:

What Are the Duties of Joint Venturers?

Parties in a joint venture have duties to one another. Such duties include:

What Are the Rights of Joint Venturers?

Parties in a joint venture have certain rights. These rights include:

How Can an Attorney Help Me?

Often, a joint venture is a contractual relationship. If you are planning to engage in a joint venture, an experienced attorney can draft and negotiate the contract to your liking. If you are already in a joint venture, an attorney can review the contract and inform you of your legal rights and duties. An experienced attorney can also help you solve a dispute if a joint venture goes sour.

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Last Modified: 12-19-2013 12:09 PM PST

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