Joint Venture Agreement
The formation of the JV and the ongoing legal rights and obligations between the parties. Much of this checklist relates to a limited liability company form of JV but many of the issues raised will be equally relevant to the corporate form* In addition there are tax and regulatory issues that will impact the structure and As this is a generic checklist it does not take into account any specific national or state requirements. To the extent that the JV is international local law may mandate additional considerations as will industry specific issues particularly in the context of regulatory concerns. Note also this checklist generally contemplates a two-party JV. Multi-party JV s are more complex particularly with regard to corporate governance supermajority requirements dilution and exit rights. PLANNING Scope/Purpose of the Joint Venture JV Identify scope/purpose of the JV consider implications of such scope in connection with - what activities does the JV.