Legal documents
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Depending on the structure, there may be several other legal documents required, and legal advisers will be able to help you determine what is needed.
Examples are: • contracts for purchase of business and assets – transferring assets into the joint venture by the parties; • contracts for the supply of goods or services. If any of the parties are to provide support to the joint venture through the provision of goods or services, then this should be documented; • distribution and marketing agreements – setting out the terms on which one or more parties to the joint venture provide distribution or marketing; • employment contracts or secondment agreements – employees from each party might need to be redeployed to the joint venture, or new staff may be required; • property consents or agreements – to allow the joint venture to occupy new premises or the premises of one of the parties; • guarantees – if lenders require the individual joint-venture partners to support the financial obligations of the joint venture.