Joint Venture Agreements - The Nuts & Bolts in One Hour

Introduction

At some point in their lifecycle, businesses will often seek to pool their resources with others in their market, for the purposes of accomplishing a specific goal or task (such as a one-off project).

This sort of arrangement is known as a joint venture (JV), and it can be attractive to the participants from the point of view of leveraging resources, reducing costs, combining know-how and expertise, and entering foreign markets.

However, a JV requires a carefully drafted agreement so that each party understands its legal position (and legal rights). If you are involved in preparing these agreements, then this webinar is for you.

Presented by expert speaker Iain Sim, this session will offer pragmatic hints and tips and will equip you with the knowledge needed to provide better and more commercially aware advice to clients who are in the process of setting up a JV.

What You Will Learn

This webinar will cover the following:

• Key reasons that companies form JVs
• Pros and cons of JVs
• JVs v partnerships and consortiums
• How JVs are established (including typical contract structures and minority/majority shareholder bias)
• Review of the key requirements of the Companies Act 2006
• Competition law and JVs (the impact of high market shares and when a JV might be treated as a merger)
• Reserved matters and veto rights for minority shareholders
• Ancillary agreements that need to be considered, including licensing, IP (including when this should be owned by the JV or retained by an investor/shareholder), consultancy agreements, and service and employment agreements with director/shareholders
• Exit strategies (including good and bad leaver provisions, the right to sell shares, obligations to offer shares to existing shareholders and the valuation of shares)

This webinar was recorded on 25th January 2024