A joint venture (JV) is a business entity created by two or more parties pooling their resources and expertise to achieve a particular goal. This is generally characterized by shared ownership, shared returns and risks, and shared governance. The reasons behind forming a joint venture include business expansion, development of new products or moving into new markets, particularly emerging markets; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.
Combining two or more entity in one business is often followed by risks. One or more parties may breach the agreement or default. If such cases happens, the business operation will be affected. Our team has been experienced handling cases that arise in Joint Ventures. We provide full legal service to protect our client in their Joint Ventures, starting from making agreement until advocating any case during running the business.