Joint ventures have become a way in the current market to invest in and develop property without one party taking all of the risk and/or putting in all of the funds. This has become particularly attractive as bank finance has become harder and harder to achieve, particularly for speculative projects.
Our team can assist you in advising on the form and structure that the joint venture might take; be that via the creation of an entity and a governing agreement (i.e. shareholders agreement or partnership deed or similar) or be that via a contractual arrangement.
We can help you in formulating the objectives of the joint venture, the controls that you as the client need to achieve vis à vis the other parties and how the joint venture and underlying property will be managed, where decisions are made, and what control each party needs to retain.
We can also assist on default provisions and the ultimate exit strategy, as well as incentive arrangements for managers, including overage and/or enhanced profit-sharing arrangements.
For further information contact our commercial real estate team on 01206 835316 or email [email protected].
For more than four decades, Fisher Jones Greenwood has provided expert legal advice to individuals and businesses throughout Essex, Suffolk, and London. Our dedicated team of solicitors is committed to delivering practical solutions for your legal matters. Contact us on 08455 435 700 or via our online enquiry form to schedule a consultation.
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