Signed Electronically Joint Venture Agreement Made Easy

Sign joint venture agreement

a joint venture is a commercial arrangement between two independents economic entities and the joint venture is essentially those two parties coming together to achieve a common goal so it might be solar product it might be Tucson a service that's why you would have a joint venture to achieve perhaps something that one of the parties could not achieve on their own all a joint venture agreement will include the term and scope of the agreements so the term obviously determining the length of time by which the joint venture is going to exist the scope of the project will obviously determine the services or the products that are going to be produced by the joint venture it could have the financial contributions so one party might be contributing more financially to the joint venture than the other there could be confidentiality obligations as well particularly if one party is bringing a loss of trade secrets to the joint venture so a number of different things that you would incorporate into a joint venture agreements the potential pitfalls of not having a joint venture agreements in place first and foremost will be the uncertainty the parties might enter into conversations about the joint venture agreements and those two parties might interpret the conversations differently so by having a joint venture agreements in place you're taking away that uncertainty you've got a document that the parties can refer to if you don't have the joint venture agreements and you have that uncertainty it can lead to a dispute between the parties and potentially litigation which obviously incurs legal costs for the parties which are entirely avoidable and it can also damage the reputation of one or both parties if they've agreed to deliver a particular project and as a result of a dispute that project gets delayed [Music] business owners put an awful lot of time and effort into making sure their business grows providing them with legal advice which either protects their interests or enables them to grow is something that you know we've been doing for years it's the even since a joint venture agreement is essential if you're entering into a JV with another party the documents itself is going to protect your interests it's going to give you something in writing to fall back upon so a fundamental document that needs to be drafted if you're considering entering into a joint venture with another party you