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Glanvilles’ commercial team has wide experience in assisting entrepreneurs and all types of businesses with setting up joint ventures.
If you are considering entering into a joint business venture, our specialist joint venture solicitors can offer you straightforward, practical advice ensuring a solid legal foundation that will get your business off to the best possible start.
Our commercial team can negotiate and draft all the necessary agreements and ancillary documentation for businesses wishing to set up a joint venture in Chichester, Fareham, Havant and across the wider Hampshire and West Sussex areas.
Our joint venture legal advice covers:
We work with all sorts of businesses of varying sizes and structures on a local, national, and international basis, providing specialist expertise extending across a broad range of sectors including IT and property development joint ventures.
By combining our technical legal expertise with practical commercial know how we can provide exactly what is needed to help your joint business venture succeed.
Entering into a corporate joint venture can be an exciting yet complex process with significant risks attached to it. Our team at Glanvilles have all the necessary expertise and experience to advise you on your best options, helping you to formulate the right action plan to secure your business goals.
We are highly skilled at helping businesses to navigate the complex aspects of corporate and commercial law, avoiding pitfalls and mitigating risks whilst maximising the potential opportunities a joint venture can provide.
Taking a strategic approach and offering carefully crafted advice, we tailor our service to match your unique commercial vision.
Our expert team includes Partner Lance Terry, an experienced lawyer with a strong background dealing with corporate transactions, including joint ventures. Lance also provides a range of associated commercial law advice to help businesses make their commercial ventures a success, including contracts and intellectual property advice.
Our Corporate team also includes Scott Richardson, a skilled lawyer who specialises in all corporate and commercial law matters. If you are an entrepreneur, start-up, or early-stage business in or around Chichester, Scott is available to provide a free 30-minute consultation to discuss your legal requirements. Get in touch with Scott at [email protected].
Your experience with us is extremely important. You will have your own personal lawyer who will take responsibility for progressing your matter and making sure things move forwards as cost-effectively as possible.
When you use our commercial law service, we promise:
We can help determine whether a joint venture (JV) is the right course of action for you or whether you may benefit from other options better suited to your current business situation. These may include:
Business merger – merging your business may be more conducive to long term collaboration than a JV, which tend to be for short term solutions and limited in duration.
Strategic alliance – when two or more businesses cooperate to manufacture, design, develop and/or distribute goods or services. This type of arrangement tends to be more flexible than a JV and there may or may not be a formal contractual arrangement in place. This can allow each party to retain independence while working towards a common goal.
Setting up a joint venture is a complex and challenging process. We will help you determine your best options for structuring your joint venture and ensure you have considered the advantages and disadvantages, especially if you are making considerable changes to your existing business model.
Whatever you decide, we will ensure your joint venture has the best legal framework and safeguards in place with clear documentation and the necessary legal agreements about how things are going to work.
We will help you to determine how your joint venture will be set up, how it will be run, how profits will be shared, including what your liability will be if things go wrong.
Should any future disagreements arise, our highly experienced Dispute Resolution team will always be on hand to support and advise you on the best way to resolve matters.
Find out more about our commercial litigation expertise.
A joint venture is a co-operative business arrangement between two or more parties who agree to work together to achieve a common business goal.
They can be made up of individuals, groups of individuals, companies or corporations and can take the form of a wide range of collaborative business approaches with differing levels of integration over either fixed short-term or flexible long-term timescales.
Joint ventures often take the form of a limited company in which the joint venture parties are shareholders. They may also be purely contractual where the rights and obligations of the joint venture parties are simply determined by a contract.
Each business entity might contribute assets while sharing ownership, risk, returns and governance, dividing profits and expenses between them.
The types of Joint Ventures to consider include:
Joint ventures appeal to business owners for many reasons.
By teaming up, businesses can expand quickly and cost effectively, achieving mutual business goals that may be difficult to attain independently of each other.
By joining forces, companies can combine resources, expertise and skills whilst saving on costs and timescales. By working together, companies with differing areas of skill and expertise can develop new products or services or break into new markets, achieving greater market dominance with greater speed and efficiency.
If you are thinking of entering into a JV, you may spend some time and resources discussing the opportunity with other parties involved. Before you do this, it is advisable to have a formal Non-Disclosure Agreement (NDA) in place that sets out the parameters of your discussions and protects any sensitive or confidential information.
A joint venture is the formation of a new business entity. It can take various structures such as a corporation, a partnership, or a limited liability partnership, which will depend entirely upon the nature and aims of the parties involved.
In practice, a joint venture arrangement will set out such things as management responsibilities, representation on a board of directors and how shares will be allocated.
When changing from an existing business model into a more complex one, a clear strategy and set of aims becomes essential to avoid conflicts or potential partnership disputes arising in the future.
Entering into a joint venture can be a complex business arrangement. It is, therefore, vital to consider how it is going to work in practice.
If a joint venture is to be successful, it will need good working relationships, mutual understanding, excellent communication, clear documentation, and a firm commitment from all parties involved.
It is easy to see why a joint venture can present an attractive proposition to business owners and entrepreneurs looking to grow their businesses quickly, efficiently and cost effectively.
Major benefits of joint ventures can include:
Despite having many advantages, there are significant risks attached to joint business ventures including those than can arise out of liabilities, disputes, and conflicts between parties.
Joint venture risks can include:
We can provide specialist joint venture legal advice for businesses and entrepreneurs to help minimise and manage these risks.