Joint Venture Agreement Checklist and Partnership Agreement Checklist
An Agreement between the Partnerships is Essential for Success and to Avoid Disputes.
What are your expections as to money, time and effort for yourself and other participants?
What are other participant’s expectations as to money, time and effort from your?
What are other participant’s expectations as to money, time and effort from themselves?
What happens if participants can no longer do what they promised? Control, Profits, Shares?
Do participant’s heirs have right to take over participant’s shares and control?
Do participants have the right to sell or transfer their ownership to someone else?
These and other important issues should be set out in a clear, concise Joint Venture Agreement or Partnership Agreement.
Joint Venture Agreement Checklist
“Get the ball rolling!” Gather your professionals and Transform Your Business Vision into Reality.
GET CLEAR AND GET IT IN WRITING, BEFORE MAKING THE COMMITMENT OF TIME, MONEY AND EFFORT.
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A well-drafted Joint Venture Agreement or Partnership Agreement is essential to successful partnership.
Each participant should understand their rights, obligations and the expectations of all participants.
When tension and stress levels rise, participants often forget what they promised at the beginning.
Joint Venture agreements substantially reduce the risk disputes that can bring down a business.
A Joint Venture Agreement Checklist will guide you through the important issues including:
Purpose – getting clear your purpose and make sure its a common purpose for all participants and that purposes of participants do not conflict.
Control – who has right to control, and do heirs have control if something happens to participant?
duties and responsibilities and expectations, as TIME (CLOCK AND CALENDAR), MONEY, EFFORT, ETC.
Right to compete? To work elsewhere?
Exit plans and strategies.
What happens if participant can no longer work for business? Profits? Losses? Shares?
And other important issues
Click here to schedule a consultion to discuss your Joint Venture Agreement or Partnership Agreement with Small Business Lawyer, Michelle Grenier.
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