Joint Ventures and Collaborations
A joint venture is a business relationship between two or more people or companies. This type of business relationship is formed when two or more people or businesses combine their efforts, ideas, or property for a single project or related series of transactions. A joint venture is usually formed by joint-venture between the parties. Common characteristics of joint ventures include:
- Profits and expenses - Unless otherwise agreed to, joint venturers share profits and losses equally
- Duration - Unless otherwise specified, a joint venture terminates upon the completion of the project or series of transactions
- Termination - Unlike a partnership, a joint venture does not terminate upon the death or incapacitation of one joint venturer. Additionally, a joint venturer does have the power to terminate the relationship at any time once the project or transaction is complete.
We have experience in assisting companies, investors and entrepreneurs on structuring, drafting and negotiating their joint venture agreements, including setting out the precise duties and responsibilities of each pf the parties and drafting of the deadlock provisions.
Cost: From S$4,000
Scope of work
- Preparation of the joint-venture agreement / collaboration agreement
- Attend up to three (3) physical meetings (add-on)
- Negotiate essential terms for clients
- Review and advise on comments from opposing counsel
- Propose drafting amendments
- Advise on issues relating to the joint-venture / collaboration
- Email and phone advice