What are the key factors to consider when drafting a joint venture agreement to avoid disputes?
Joint ventures are a popular way to collaborate with other businesses and pursue new opportunities. However, they can also lead to disputes if the parties do not agree on the terms, expectations, and responsibilities of the partnership. To avoid costly and time-consuming conflicts, you need to draft a joint venture agreement that covers the key factors that can affect the success and harmony of your joint venture. In this article, we will discuss six of these factors and how to address them in your agreement.