Joint Venture Disputes

A ‘Joint Venture’ is a business structure in which two or more businesses combine resources, knowledge and skills for a finite time, generally for a specified project. Joint venture agreements are commonly used in property development, mining, and other large scale projects.

Joint ventures are generally regulated by the establishing document which is usually a joint venture agreement. Additionally, joint ventures are regulated by common law and also legislation such as the Competition and Consumer Act.

Although there are many advantages in using a joint venture business structure there are also disadvantages. Due to the nature of joint ventures, common issues in which arise include:

  • trust issues;
  • business culture issues;
  • management issues;
  • conflicting objectives;
  • cooperation/ communication issues;
  • unequal contributions of investment, assets or expertise; and
  • unequal leadership/ direction and support.

Our joint venture dispute lawyers understand the risks and challenges of modern business transactions and we know that embarking on a new venture, or expanding an ongoing concern, takes courage and innovation.

For further information on Joint Ventures click on the link below. Alternatively, you can contact our joint venture dispute lawyers on the Gold Coast today on (07) 5592 1921. You may also email any enquiries to enquiries@ramsdenlaw.com.au

Business Queensland – Joint Ventures.

OUR OFFICE
Levels 5 (Main office) and 9 (Property group)
Corporate Centre One, 2 Corporate Court
Bundall , QLD, 4217 Australia
Phone: (07) 5592 1921
Email: enquiries@ramsdenlaw.com.au
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