The joint venture agreement


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Corporate expert
Practice notes

The joint venture agreement


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Corporate expert

Practice notes
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Principal documents

The principal documents required for a corporate joint venture are:

  1. •

    the articles of association (articles) of the joint venture company (JVC), and

  2. •

    the joint venture agreement (JVA) (sometimes called a ‘shareholders’ agreement’—a shareholders' agreement takes effect in English common law as a commercial contract and is not subject to any special legal rules. The term 'shareholders' agreement' can be used to refer to an informal (even implied) agreement between only some of the shareholders in a company as well as to a highly complex agreement governing, for example, the creation of a JVC).

For a discussion about what is typically covered in the JVA and also in the articles of the JVC, see Practice Note: Documenting the corporate joint venture.

Purpose of the joint venture agreement

A JVA is a contract that is entered into between typically all of the shareholders of a JVC (and often the JVC itself) which seeks to set out the terms on which the affairs of the JVC will be managed and the rights, remedies and obligations of each

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Jurisdiction(s):
United Kingdom
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Key definition:
Corporate joint venture definition
What does Corporate joint venture mean?

A commercial arrangement between two or more parties who agree to pool their resources for the purpose of accomplishing an intended project (or other business activity) which takes the form of a separate limited liability company where each party is a shareholder.

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