![]() Most joint ventures companies are incorporated as private companies limited by shares. Joint venture partnership-establishing a new partnership, orĬontractual or commercial joint venture-setting out all the details of the joint venture relationship in a contract Remember, partnerships are a more tight-knit form of business relationship, but they’re not as binding as a merger. The choice of structure depends on the circumstances of the parties.Ĭorporate joint venture-establishing a separate limited company of which each party is a shareholder Parties wishing to enter into a joint venture have a number of choices of structure available to them. ![]() It describes many different types of situations that range from structural arrangements that create or change the economic control of a legal entity, such as joint venture companies or partnerships, to non-structural arrangements such as contractual joint projects and informal (undocumented) collaborations. A joint venture can be formed for one specific project, period or a continuing business relationship. ![]() It is essentially a commercial arrangement between two or more parties who agree to pool their resources for the purpose of accomplishing an intended project (or other business activity). The main difference between partnership and joint venture is that partnership is not limited to a particular venture, whereas joint venture is limited to a particular venture. ![]() Setting up a joint venture-choice of structure Choosing the joint venture vehicleĪ joint venture is not recognised under English law as a distinct legal concept. ![]()
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