What to keep in mind
Set out each contribution, management of the project, costs, ownership of results, risk-sharing, tax coordination and dispute resolution.
Undefined governance can make even a commercially promising collaboration unworkable.
Distinctions often confused
Contractual cooperation and establishing a jointly owned company have different legal consequences.
Frequently asked questions
Is a new company always necessary for a joint venture?
No, depending on the project's needs and governing law.
How should losses and additional financing be handled?
Through express provisions identifying each party's responsibilities and decision-making process.
Informational content. It is not a substitute for professional advice.