Joint Ventures
A joint venture is where two or more companies decide that they want to work together on a particular project.
The venture is solely in relation to the specific project, and once the project is completed the companies are likely to go their separate ways. Joint venture arrangements are often used in relation to the development of a product or of land.
A joint venture can be structured by the incorporation of a new Company for the Joint Venture, where the companies looking to work together are the shareholders in the new company. The new company will be incorporated for the sole purpose of working on the joint venture, and will enable all companies to share in the profits of the joint venture. If the joint venture is for a specific short term project then the company can be wound up when the project is completed.
The advantage of setting up a separate new company is that it keeps the project completely separate from the other business of the two or more companies.
Quick links
Sign up
Enter your email address for legal updates on Corporate and Commercial law.
Related services
What are the most common ways to structure an international joint venture involving your jurisdiction?
England – Alex Canham (AC) In the UK, one of the main questions I ask when looking at international joint ventures (JVs) is what is the purpose? Is it a management JV designed to share information, or an output JV designed to deliver a product or service based on skill sets the parties want to bring together? That will dictate the type and structure of JV that the parties end up using.
Corporate Team
Latest news & insights
UK Competition Regulator stops Microsoft’s cloud gaming acquisition
Microsoft comes to everyone’s mind when we think of computer software. and has an estimated market share of 60-70% in global cloud gaming services.
Impact of Rising Costs on Leisure and Hospitality Sector
The issues of rising costs of raw materials, energy and wages are presenting great challenges to the businesses in Leisure & Hospitality sector.
Influencer Marketing: New CAP Guidance
With 4.26 billion yearly users globally, it is undeniable that social media plays a significant and important role in both our personal and professional lives.
Email: info@herrington-carmichael.com
Farnborough
Brennan House, Farnborough Aerospace Centre Business Park, Farnborough, GU14 6XR
Reading (Appointment only)
The Abbey, Abbey Gardens, Abbey Street, Reading RG1 3BA
Ascot (Appointment only)
102, Berkshire House, 39-51 High Street, Ascot, Berkshire SL5 7HY
London (Appointment only)
60 St Martins Lane, Covent Garden, London WC2N 4JS
Privacy Policy | Legal Notices, T&Cs, Complaints Resolution | Cookies | Client Feedback | Diversity Data
Our Services
Corporate Lawyers
Commercial Lawyers
Commercial Property Lawyers
Conveyancing Solicitors
Dispute Resolution Lawyers
Divorce & Family Lawyers
Employment Lawyers
Immigration Law Services
Private Wealth & Inheritance Lawyers
Startups & New Business Lawyers
Please be aware that we have no plans to change our bank details. If you receive any indication that any of our bank details have changed please contact us before sending us any funds. We take no responsibility for monies you transfer into the wrong bank account.
© 2023 Herrington Carmichael LLP. Registered in England and Wales company number OC322293.
Herrington Carmichael LLP is authorised and regulated by the Solicitors Regulation Authority with registration number 446245.