Joint venture agreements

Principal documents

The principal documents required for a corporate joint venture are:

1. •

   the joint venture agreement (JVA), and

2. •

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

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

For information on the key matters to be considered when drafting and/or reviewing a deadlock joint venture and a majority/minority joint venture, see Practice Notes: A guide to drafting a deadlock (50:50) corporate joint venture agreement and A guide to drafting a majority/minority corporate joint venture agreement, respectively.

Purpose of the joint venture agreement

The purpose of the JVA is to establish the rights and obligations of the parties in relation to the joint venture, to ensure that the company and its business is established in accordance with the parties' objectives and to set out procedures for dealing with any difficulties which may arise.

Key matters covered in the JVA are:

1. •

   the business of the joint venture

2. •

   the composition of the board and management arrangements

3. •

   share capital