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The combining of two or more organisations to form joint ventures can be a creative, profitable, and effective way of achieving a commercial objective where it would be difficult for one of the organisations to attempt to do so on its own.
While the combining of resources on a joint venture may in many circumstances be beneficial, it is absolutely necessary for all parties to consider the differing and mutual agendas of the participants to the venture. We work with our clients to consider and address the following:
- Structure of the joint venture
- Goals (is it being set up to execute a single project or will it have middle and long-term aims)
- Funding
- Operation and decision making
- Division of income
- Division of assets and liabilities
- Conflict resolution processes
- Termination process
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