Joint Venture Agreement Lawyer Toronto

Committed to Closing Every Deal

Joint Venture Agreement Lawyer in Toronto

A joint venture agreement is a written agreement setting out the rules by which a venture will be governed. It is important to highlight matters such as the nature of the commercial activity in which the joint venture will engage; the contribution of each co-venturer; each co-venturer’s share in the profits and losses; the duration of the joint venture; the management arrangements; and the dissolution of the joint venture. Most importantly, a well drafted agreement will diminish if not eliminate conflict between the parties to the agreement.

Joint Venture and Partnership

A joint venture agreement may seem similar to a partnership, but they are different types of business organization. Some of the differences include:

  • In terms of liability, partners in a partnership are jointly liable for all debts of the partnership, whereas participants in a joint venture are only responsible for issues related directly to the project.
  • Joint ventures are typically short-term partnerships between two or more individuals, groups, organizations or companies.
  • Unlike partnerships which is a legal entity (where partners can essentially act on behalf of each other when conducting the business), a joint venture is merely an agreement between parties and pool resources. Participants are legally bound and therefore cannot act on behalf of each other.

Protecting YOUR Interests in
A Real Estate Transaction!

How Can We Help?

We at MB Law will work with you to understand you needs, negotiate, draft and sign a joint venture agreement. A joint venture agreement is flexible and can accommodate the needs of the individuals. Hence, it is important not to use a standard agreement without taking into consideration the specific needs of the business. We can help you understand important legal provisions that should to be included in the joint venture agreement to better suit your business. Our advice may minimize the potential for future conflicts.

Google Reviews

glen McCarthy

extra care and attention beyond the call of duty and very happy with their professional attitude. No problems,Only Solutions. Finally met someone who cares and is honestly genuine to the core

Lilly Nikitina

Maria and her knowledgeable and hardworking staff provided us with excellent service in our property closing. They are easy to reach, answered all questions we had timely and professionally. I would certainly recommend MBLAW to my friends and family. And I will work with them again if I need Real Estate lawyer's help.

Grigore Toma

It was such a great pleasure to work with MBLAW and Mariya in particular. I am a non-resident of Canada and Mariya took her time to explain the process of selling the property and tax implications after closing. She referred me to a great accountant who was able to get the certificate in record time. Mariya went above and beyond her call as my lawyer to help me. The buyer has some post-closing issues but Mariya was able to handle the situation with minimal cost to me. Very dedicated and professional. Would recommend 100%! Thank you, Mariya! You and your company are the best!

Malvina MR

We have closed our real estate transaction with Mariya. Mariya is very professional and competent legal practitioner who is always ready to answer questions and help. Her final report was impeccable! I highly recommend her firm and real estate services to anyone!

Yulia Pesin

I would highly recommend this firm to anyone seeking a real estate lawyer. Mariya is very knowledgeable, personable and is easy to reach. She goes above and beyond to answer all client questions and inquiries and ensures that clients' transactions go through smoothly and without a hitch. Her staff is also helpful, friendly and very responsive. Overall a great firm!

Сontact us

Address:
5050 Dufferin St. Suite 216, North York, ON M3H 5T5
Telephone:
+1 (416) 513 9418
Fax:
+1 (416) 513 9340