Joint venture agreements (JVAs) serve to give legal protection to two or more parties engaging in business activity for mutual benefit. JVAs differ from partnership agreements in that they often pertain to two entities rather than individuals entering into a partnership. However, there are many complexities to consider, and both may be an option. It’s strongly advised to seek legal advice early on to ensure your interests are protected.
Melbourne Joint Venture Lawyers
Hughes Legal are business law experts with a specialisation in partnerships and joint ventures. We help clients identify which legal agreements are best for them and then work to construct these and advise on their rights and responsibilities. In cases where there is no partnership agreement or JVA, the Partnership Act in Victoria states that each party shares responsibility equally – profits, losses, business management and more.
Through the joint venture or partnership agreement, we can solidify the terms of the arrangement between the parties, including how the partnership will operate, who will manage it, how profits will be divided, whether new partners can join, how existing partners can leave and how the parties will resolve disputes.
Contact Hughes Legal Business Lawyers
If you want savvy legal experts to help you protect your business and safeguard your new venture, the team at Hughes Legal are here. Our business lawyers act as consultants to understand the intricacies of your business and walk you through the best options applicable to your situation.
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