Get legal help for your joint venture dissolution
Starting a joint venture? Get a Joint Venture Dissolution Agreement
If you’ve started a joint venture, all parties should be clear on how the venture will end or terminate. A Joint Venture Dissolution Agreement sets out the terms by which parties will cease the venture. It should cover details around how the dissolution will occur, what will happen with intellectual property, obligations, assets and liabilities.
Joint Venture Dissolution Agreement
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A joint venture is when two businesses work together and join efforts to achieve the same goal, whether this be a product or application. It’s common for parties to start a joint venture when they all have something unique and valuable to contribute to the end product.
However, it’s important to have a Joint Venture Agreement to set out the terms of this relationship, so that all parties are clear on their roles and responsibilities.
If you’re starting a joint venture, you’ll need to have a Joint Venture Dissolution Agreement as it clearly sets out the terms for the termination of the arrangement. So, the agreement should specify how the venture will end, how profits will be distributed, who owns what intellectual property and how liability will work among the parties.
Technically, a joint venture is not a separate legal entity with limited liability. If you want to limit your liability, you can do so but ensuring you are under a company structure as liability would then remain with the company, and would not extend to key personnel such as directors.
Our package starts from $1900 + GST and includes drafting a Joint Venture Dissolution Agreement, phone consultations with a Sprintlaw lawyer who can advise you on the legal issues that apply to you and a complimentary amendment to the final draft we provide you.
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