Expect the unexpected - Address potential conflict at the front end when forming your joint venture | Brouse McDowell | Ohio Law Firm
Menu
Insights

Expect the unexpected - Address potential conflict at the front end when forming your joint venture

on September 1, 2015

As writen in the September 2015 Smart Business News Magazine 
By Elizabeth G. Yeargin, Attorney, Corporate & Securities practice group, Brouse McDowell, LPA

Opportunity abounds when the initial plans to form a joint venture are being drafted. You see numerous opportunities that the new partnership will be a boon to everyone involved.

It is during this time of great camaraderie that you should take a few moments to spell out in clear legal terms what actions would be taken if the joint venture doesn't go according to plan, says Elizabeth G. Yeargin, a Partner at Brouse McDowell.

"You want language in your agreement that will encourage you to keep working together rather than give up if you have difficulties," she says. "Some companies take the chance that things will work out and obviously, you hope that it does. But if it doesn't, you end up fighting it out, often in court. That's not the goal."

Click here to read the rest of the article.

Share Article Via

 
We use cookies on our website. To learn more about how we use cookies and how to change your cookies settings if you do not want cookies on your computer, please see our updated Privacy Statement. By continuing to use this site you consent to our use of cookies in accordance with our Privacy Statement.