Joint Ventures

Joint Ventures for Your Boca Raton Business

Joining forces with another company can sometimes be a good business decision. This is especially true when two companies have compatible goals and interests that can be best served by a merger, an acquisition or the formation of a joint venture. In the state of Florida, joint ventures work much like partnerships and convey certain responsibilities and rights to both parties to these agreements. Working with an experienced and qualified Boca Raton joint ventures lawyer is the best way to manage these business arrangements in our area.

Putting It in Writing

If the joint business venture is not expected to last more than a year, Florida law does not explicitly require that these agreements be made in writing. Most legal experts recommend formal joint venture contracts in all cases, however, to prevent any misunderstandings about the expected contributions, activities and profit-sharing arrangements implicit in these partnerships. By consulting with a Boca Raton joint ventures lawyer, you can be certain that all aspects of your arrangement are spelled out in your contract to help you avoid unpleasant situations that could arise later in your arrangement.

Features of Joint Venture Arrangements

Joint ventures are designed to optimize profitability for both companies or investors. To that end, contracts for these arrangements usually include the following provisions:

• The amount to be invested by each individual or company
• The scope of the cooperation between the parties
• The type of business to be conducted and the organizational structure of the joint venture
• The way in which profits or losses will be allocated
• Arrangements for the end of the joint venture, including any provisions related to early termination by one or both parties

For most purposes, joint ventures can be treated as partnerships. Your Boca Raton joint ventures lawyer can provide you with the most accurate information about the legal implications of your agreement and the contractual obligations involved in these arrangements.

Hiring a Qualified Boca Raton Joint Ventures Lawyer

Your company needs knowledgeable and qualified legal representation to navigate the complexities of joint ventures in Boca Raton. At the Boca Raton business law firm of Berkowitz and Associates, we can provide you with expert legal support and guidance on all types of business contracts. To learn more about our comprehensive lineup of business services, call us today at 561-982-7800 to set up an initial consultation. We look forward to the opportunity to work with you and your company.