Joint Venture Agreement

A joint venture agreement (also called a “JV agreement” or “JV contract”) is typically a contract between two parties entering into business together. This may include partners, competitors who are collaborating, or strategically aligned companies temporarily working together on a business enterprise.

There are four primary characteristics of a joint venture which include:

  • Concerns a single project or a related series of transactions
  • Profits and expenses: Typically joint venturers share both the profits and losses
  • Termination: A joint venture does not terminate upon the death or incapacitation of one joint venturer.
  • Duration: A joint venture terminates upon the completion of the project

Business attorneys help the parties with the following steps in creating a joint venture agreement:

  • Analyze and advise on the joint venture circumstances
  • Draft a joint venture agreement
  • Find qualified joint venture partners
  • Prepare accounting and governance for a joint venture agreement
  • Represent in joint venture litigation and appeals
  • Overcome hurdles stemming from affiliation and the Ostensible Subcontractor Rule
  • Resolve legal disputes among partners
  • Prepare SBA 8(a) matters involving affiliation

Business attorneys are available to represent clients needing a joint venture agreement in various industries including:

  • Accounting
  • Banking and Finance
  • Construction
  • Communications
  • Education
  • Energy
  • Food and Beverage
  • Health Care & Medical
  • Nonprofits
  • Real Estate
  • Transportation