Key Considerations For A Joint Venture Agreement

A joint venture agreement (JVA) is an agreement between two or more parties setting out the terms in connection with the management of, and their relationship in relation to, a certain project (the JV).

Such a JV is often structured by way of, a newly formed company which has been or is to be incorporated to act as the entity carrying out/operating the project on a day-to-day basis (JVC), with the parties taking an interest (usual by way of equity, i.e. shares) in that JVC.

A joint venture agreement can be a very detailed or relatively simple document, depending on the intent of the parties, however we have identified below some key considerations to be aware of from the outset ahead of documenting a JV: