Joint Ventures

Joint ventures can take a number of legal forms depending upon the project involved. They range from basic proposals of financial investment to more strategic alliances, which bring together the expertise, assets and resources of independent parties, working towards a common goal.

At Druces we understand that legal technical knowledge, together with commercial acumen, is essential when dealing with these types of transactions. A careful balance needs to be struck between compromise and protection.

Our work in this arena includes not only the drafting and negotiation of core joint venture agreements and constitutional and structural documentation, but also extends to the related commercial advice and documentation required, for example, in relation to tax, intellectual property, real estate, employment, lending, security and service provision.

This “in-house” approach enables us to give efficient and clear legal advice, that takes into account the moveable parts, to help our clients to achieve their objectives and maximise the benefits arising from these ventures.

Recent work

• We dealt with the preparation of a complex joint venture / shareholder agreement. This contained complicated “commission” provisions (as the new company was the amalgamation of two competing businesses) and a put and call option in relation to one shareholders’ shares.

• We have advised a considerable number of companies on joint venture agreements between non-UK companies and UK businesses, as well as advising on a number of joint venture