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