Any Joint Venture (JV) has the potential to end up in a dispute. Our expert Joint Venture Solicitors can reduce the risk of a Joint Venture dispute through the drafting of a specialist Joint Venture Agreement. If you are in a Joint Venture dispute our Solicitors are experts in helping to resolve disputes.
Joint Ventures, and associated disputes, come in many forms. Our specialist team have substantial experience in achieving resolution through Alternate Dispute Resolution (ADR) or if required, litigation.
A Joint Venture is a business undertaking by two or more parties who have a common business goal. Ideally, there will be a carefully drafted Joint Venture Agreement precisely setting out the terms of the Joint Venture.
The Joint Venture Agreement is designed to minimise the risks of a joint venture dispute and to govern how any joint venture dispute should be resolved.
Is there a Joint Venture?
Not all Joint Ventures are encapsulated in a formal written Joint Venture Agreement. Joint Ventures can take place between individuals, sole traders, partnerships (of all descriptions) and companies (of all sizes).
If you are not sure if your working business arrangement is a Joint Venture, it is best to take expert legal advice.
Joint Venture Agreements
If you have a Joint Venture Agreement, our Dispute Resolution Solicitors will start by looking at the terms of your Joint Venture Agreement or contract. You may think that you are in the wrong or in the right but it is worth having the Joint Venture Agreement carefully reviewed by a specialist Commercial Solicitor who will advise you on your options and the potential outcomes.
Why are Joint Venture Disputes Common?
Any business project is bound to have its highs and lows but when you are working with a Joint Venture business partner or partners there are often tensions. These can spiral into disputes and litigation without early Joint Venture legal advice.
Our Business Law and Dispute Resolution Solicitors have substantial expertise in resolving Joint Venture disputes over:
- Allegations of non-compliance with the Joint Venture Agreement. For example, failing to fund the Joint Venture in accordance with the Agreement or allegations that one party has breached the non-disclosure clause or not complied with a separate Non-disclosure Agreement.
- Arguments over use of one party’s IP to progress the Joint Venture or ownership of IP created by the Joint Venture.
- Change occurring that was not contemplated in the original verbal or written Joint Venture Agreement. For example, a requirement for additional funding or one party to the Agreement needing to use their skills and expertise more than the other parties to the Agreement.
- Profit sharing or loss allocation following the success or failure of the Joint Venture Agreement.
The Joint Venture Agreement may specify how any dispute should be resolved. For example, specifying if mediation or arbitration should be undertaken. Alternative Dispute Resolution (ADR) gives Joint Venture partners the ability to reach a compromise without lengthy litigation.
Our expert and pragmatic JV Dispute Resolution Solicitors can help you resolve a dispute through ADR methods, or we can provide representation in Court litigation.
The nature of the litigation will depend on the structure of the Joint Venture and the reasons behind the dispute. We will provide you with commercially driven and cost-effective advice to help you reach an informed decision on whether it is best to litigate or resolve the JV dispute using ADR.
Where possible we will offer a fixed fee, so you will know what the costs are from the start. For more complex or uncertain projects, we will provide you with an estimate of the likely fees involved and keep you updated throughout the matter.
How to get in contact
Our offices are based in Basingstoke and we assist clients across the country.
We aim to keep legal jargon to a minimum and guide you through the process in a manner that is easy to understand.
Our highly-skilled solicitors offer tailored, strategic solutions to even the most complex matters, ensuring you receive the guidance and support you need.
We will be by your side throughout every stage of the process and will provide you with regular updates and advice along the way.
We communicate thoroughly with you from the outset to ensure that we fully understand your individual needs. This allows us to accurately quote for your matter leaving you without any unexpected surprises and fees further down the line.
We provide our clients with a concise and transparent breakdown of costs from the outset of the matter and throughout any subsequent stages. This enables you to build faith and trust in us early on to form a lasting relationship.
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