Protecting Your New Business Venture With A JV Agreement
Joint venture agreement lawyers help you determine, negotiate and draft the terms of this important document. The joint venture agreement lawyers at Kahane Law Office in Calgary, Alberta will work with you establish the legal working relationships needed for a successful joint venture. We are able to explain, negotiate, draft, and educate with respect to all legal aspects of a JV agreement. The joint venture agreement lawyers at Kahane Law Office in Calgary, Alberta can help you off to a good start with your joint venture. Protect your investment today 403-225-8810.
What is a Joint Venture?
A joint venture is generally business in nature. A joint venture where two or more individuals or companies (or any combination of individuals and companies) get together to for a business undertaking. A joint venture is not a legal entity on its own. The joint venture cannot own assets or companies on its own.
What is a Joint Venture Agreement?
A joint venture agreement is a document that two or more parties enter into when they start a joint venture. The joint venture agreement sets out many components of the joint venture including:
- The parties
- Each parties responsibilities and roles
- Division of profits
- Responsibility for costs
- Joint venture management and decision making
- Winding down the joint venture
The Role of Joint Venture Agreement Lawyers
The joint venture agreement lawyers at Kahane Law Office will work with you to understand, negotiate, draft and sign a binding joint venture agreement. This document is essential to establishing the roles and responsibilities of each party to a joint venture. While individuals often approach our law firm and ask for a “one page” or “simple” joint venture agreement, this is often not possible. Rarely do our clients ask us to remove the recommended terms of the joint venture agreements once they understand their importance. We will work with your accountant to deal with joint venture tax issues.
Problems with Standard Form Joint Venture Agreements
Every business relationship is unique. The idea that every business venture will fit into a standard joint venture agreement or structure is problematic. Our joint venture lawyers will work with you to establish your ventures unique needs and circumstances. With the rise of the availability of internet based documents, there is also the issue with jurisdictional issues. Since the laws are different in each country (and Province), and a lack of legal screening of online documents, these joint venture agreements can cause more issues than people anticipate.
Finding Joint Venture Agreement Lawyers in Calgary
To schedule an appointment with one of our joint venture agreement lawyers, please contact our experienced team at Kahane Law Office. CONNECT NOW. We can be reached toll-free at 1-877-225-8817 (or 403-225-8810 locally in Calgary, Alberta), or email us directly here.