Set the ground rules. Collaborate with confidence.
Like any business venture, a partnership carries an element of risk. With sound legal counsel, you manage the risk, build in contingency and know where you stand from the outset.
Partnerships and joint venture agreements are not “one-size-fits-all” documents. Each is as unique as the partnership it reflects. Our specialist lawyers will help you identify the best “type” for your circumstances and then work with you to craft a customised document that maximises your interests, commercially and personally.
Our team will highlight common issues in collaborative business agreements. For example, you should understand that partnerships and joint venture arrangements are not separate legal entities. All partners or joint venture parties (unless you’re engaging as a company or trust) are personally liable for all obligations and liabilities that arise.
You are wise to put in place a partnership or joint venture agreement at inception to protect your investment and clarify roles. You are not legally obligated to do so but it will determine the rights and liabilities of each party, especially if a dispute arises or you decide to dissolve the partnership or agreement.
At Coulter Roache, our legal team offers insightful advice on all partnership and joint venture matters including drafting, negotiating, reviewing such agreements and advice on taxation implications.