Entrepreneur and Business Startup Law Blog

Joint Venture Agreement Checklist

The key to operating a successful joint venture is to determine the duties, responsibilities and expectations of the founders, before starting operations. These and other important issues are best addressed in writing through a Joint Venture Agreement. 

•  Identify the Parties of the Joint Venture Project.       

•  Identify or Define the Purpose of the Joint Venture.

•  Determine the type of Joint Venture Entity (LLC, Corporation, etc.) 

•  Determine exit strategies.

• Determine what will happen in event of deadlock.

• Clearly describe each Party's level of commitment, duties, responsibilities and expectations.

Include other important issues specific to your circumstances. 

Ready to get the ball rolling and discuss your issues with a Boston Business Lawyer or Maine Business Lawyer ?  For a more information on Joint Ventures click here or schedule Free Telephone Consultation today.

*This is not an exclusive list, but instead a tool to facilitate discussions. These materials have been prepared by Grenier Law Offices, PC for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. Readers should not act upon this information without seeking direct legal counsel.