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Business Law

Protect Yourself with a Joint Venture Agreement

two businessmen having discussion in office“You’ve got the brains…I’ve got the connections and money…Let’s make lots of money!”  That’s the spirit of a joint venture–two or more entrepreneurs pooling their expertise and capital to profit from a business opportunity.  And if everyone has agreed to split the profits equally, what else is there to do except get to work?  Just one thing─draft a written joint venture agreement (JVA) with the help of a business lawyer.

An extremely large number of joint ventures end in a legal battle usually because the parties didn’t take the time to anticipate potential problems at the beginning and to account for such issues in a written JVA.

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