Joint Venture Agreements
Falls Church Business Lawyers
If you are looking to expand your business and enter into new and profitable markets, joint venture agreements can be an attractive option. A joint business venture is a special type of business relationship in which multiple parties enter into an agreement for a specified period of time towards the realization of a specific goal. Together, the right partnership can allow each business to reach goals which they could not do alone. The laws surrounding this type of partnership can be complex and if your company is considering partnering with another business, the Falls Church business lawyers at The Strong Law Firm work to protect your interests while seeing that your business stays compliant.
Entering into Joint Venture Agreements
Depending on the nature of the goal involved, a joint venture can be drawn up in a contract between existing businesses or executed through the creation of a separate corporate entity, such as a limited liability company (LLC). Regardless of through which route a venture is established, it is critically important that partners draft a contract which clarifies the nature of the business relationship.
This contract should include terms such as:
- A specified time frame for the partnership
- The overall goal of the business venture
- How much and by what means each party contributes
- Agreements for how profit and loss will be shared
- Terms for termination of the business venture
When a dispute arises and no formal contract is in place, it may be left to costly and time consuming litigation to resolve issues. At The Strong Law Firm, we understand that a delay or setback to your business has the potential to threaten your livelihood and for this reason we strive to find the best solution for each of our clients. Our lead attorney possesses an in-depth knowledge on business law and can advise you regarding the agreements and contracts which can be created to protect you in a joint business venture.
Trusted Legal Advocacy Protecting your Interests
At The Strong Law Firm, we understand that each business partnership will have unique goals and thus requires personalized attention. Our Falls Church business attorney has more than 35 years of experience protecting the interests of business in all industries and will work to provide the one-on-one attention that your business deserves. If you have questions regarding joint venture agreements or other business partnership, do not hesitate to contact our firm today.