Joint Venture: A Good Idea, Or Too Much Trouble?

Law360, New York (April 5, 2010, 3:27 PM EDT) -- When parties wish to work together in a common undertaking, they may decide to form a joint venture. A joint venture is commonly governed by a written agreement that describes the type of venture, the purpose, and the rights and obligations of the parties. However, there are many different issues to keep in mind before deciding if and how to go forward with a joint venture. These issues include:

Structure of the Venture

A joint venture can be a totally contractual relationship or can involve the...
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