“Joint venture Partnership are important not only to ensure that you avoid presumption of a partnership but also to ensure every party involved in the venture understands the venture’s goals, their rights and responsibilities to the venture.”
At Ashlar Investments, we use joint venture partnership to speed up the expansion of your business by gaining access to scarce skills or entry into new markets. Most client prefers to have a collaborative efforts in setting up a business rather than having it all to their selves.
Joint Venture is an unincorporated entity, without validity against third parties and has no legal personality and is not subject to any registration procedures in the commercial register.
A Memorandum of a joint venture may be proved by all evidential means including substantive and circumstantial evidence.
The objectives of the JV, the initial contributions of the partners, the day-to-day operations, and the right to the profits, and the responsibility for losses of the JV are all set out in this document.
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