It’s vital that rights and responsibilities are clearly set out from the start, and that means selecting advisors with the experience to understand the risks and the rewards.
At Hamlins we deal with all types of joint ventures, whether involving a company, LLP or other structure, or simply a contractual arrangement between two or more parties, for example for developing property.
As always, we take time to understand the nature of the commercial relationship and the underlying principles, identifying clearly each party’s objectives and any potential issues. To save you time and money, we aim to reach agreement on all the key issues before we embark on drafting contracts.
We also try to explore what will happen if problems arise in the course of the venture, and put in place adequate mechanisms for exit, buy-out or termination if it proves impossible for parties to resolve their differences.