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Meaning of a Joint Venture

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Lawdit Solicitors - Expert Author

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6 December 2009

The meaning of a Joint Venture ( JV)

There is no meaning in English law for a JV. While their importance has become more important as business has evolved we cannot turn to one single definition and claim that this fits easily in the JV hole.This means that where two entities which to do business together the form and type of JV will differ and much will depend on the advantages and disadvantages of a particular operation. In particular whether the JV will tick all the technical, legal, accounting, and operational and commercial requirements of both parties.

The following are usual vehicles for the venture. 1) A limited liability company. 2) A partnership. 3) A Limited Liability partnership and finally a relationship based on a contract. What vehicle to choose will be dependant on the commercial objectives. We do suggest you meet the other parties prior to instructing Lawyers and work out a plan.

Michael Coyle is a Solicitor Advocate and can be contacted at michael.coyle@lawdit.co.uk.


About the Author

Lawdit Solicitors offer services and advice for litigation, commercial contracts, Intellectual Property and IT legal agreements. We are experts in commercial law with a heavy emphasis on Intellectual Property, Internet and e-commerce law. Lawdit is a member of the International Trademark Association, the Solicitors' Association of Higher Court Advocates and we are the appointed Solicitors to the largest webdesign association in the world, the United Kingdom Website Designers Association.



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Article Published/Sorted/Amended on Scopulus 2009-12-08 18:05:18 in Legal Articles

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