Joint Ventures

We assist with the structuring of joint ventures and drafting of joint venture agreements.

Unlike a “corporation” or “partnership”, the term “joint venture” does not have a precise legal meaning. In general, a joint venture describes a specific undertaking between two or more parties, such as the joint operation of a business, development of a technology or ownership of real estate.

A joint venture can be a contractual relationship between parties or can be undertaken through a corporation or partnership. Regardless of the form of relationship, a joint venture agreement should be entered into between the parties which, among other things, deals with the followings matters:

  • The nature of the relationship between the co-venturers
  • A description of the business or project
  • The role and contributions of each co-venturer
  • Profit allocations and distributions
  • Governance and management
  • Accounting, bookkeeping and reporting requirements
  • Dispute resolution
  • Termination

At Burshtein Law, we can assist you with structuring of your joint venture and drafting of a joint venture agreement. We have experience working with joint ventures in the areas of real estate, manufacturing, education, technology and retail.

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