Partnership & Joint Venture Agreements
While seemingly similar, partnerships and joint ventures are decidedly different in how they are treated by the law. Generally, a partnership consists of two or more individuals engaged in a continuing business as opposed to a joint venture agreement, which is limited to a single transaction or project. In addition to separate contracting requirements, partnerships and joint ventures require different procedures for dissolution or winding up the business or project. As such, a well-written partnership or joint venture agreement is essential for the cost-effective management of the business, and it can save the parties significant legal expenses when the partnership or venture has run its course.
If you are considering entering a partnership or beginning a joint venture, contact our professionals at Pasha Law PC, and find out how.
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