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Joint Ventures
A joint venture (in short a “JV”) generally refers to when two or more companies and/or individuals join forces to create a new company or acquire an existing company. Each of the joint venture partners contributes something to the joint venture – cash, property, know-how, local knowledge – and each joint venture partner has some portion of the equity and a right to some fraction of the profit. Joint ventures can be particularly appropriate between an international player with a product and a local partner providing local expertise. Critical in any joint venture is finding the right mix of partners and allocating rights and obligations among them.
V&Co can advise its JV clients from start to finish, including with the following:
- Initial feasibility study
- Investigation into possible investment incentives
- Identification and analysis of potential JV partners
- Confidentiality Agreements with potential partners
- Letter of Intent
- Mutual Due Diligence
- Allocation of rights and obligations
- Negotiation of Term Sheet
- Preparation and negotiation of deal documentation (e.g. statutes of JV entity, shareholders agreement, management agreements)
- Signing and related formalities
- Establishment of JV vehicle
- Operational matters related to the JV [Corporate Counsel]
- Enforcement of agreements and resolution of disputes with partners [Arbitration & Litigation]
- Winding-up or sale of JV [M&A]
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