This is part of a series of guides in which we examine areas of
law that frequently arise in practice. Further guides will be
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Understanding joint ventures
Joint ventures are common legal structures used when two or more
parties look to cooperate and combine their skills, resources and
capital towards a common goal.
Despite what might seem a simple and straightforward
arrangement, no two joint ventures are ever the same. Each come
with their own set of dynamics between the venture partners,
requirements for the joint venture vehicle and business,
peculiarities of the parties (and their respective histories or
group structures), as well as many other facts and circumstances.
Suffice to say, getting a joint venture agreement fit for purpose
can often take more time and thinking from the two commercial teams
than it does in the drafting. Should one move to the drafting
