Insightful legal opinions for Jersey companies
Joint ventures are a practical way for businesses to collaborate on shared commercial objectives. Whether the aim is to develop new products, expand into new markets, or pool resources for a specific project, a well-structured joint venture agreement is essential to define roles, responsibilities, and expectations from the outset.
At Parslows LLP, we advise on the legal structuring and documentation of joint venture arrangements involving Jersey entities. Our work includes drafting and negotiating joint venture agreements, advising on governance and ownership frameworks, and ensuring compliance with Jersey company and partnership law. We support clients through the formation, operation, and potential exit from joint ventures, providing legal clarity at each stage.
Joint ventures can take various forms: contractual collaborations, corporate joint ventures through Jersey companies, or partnerships. Each structure carries different legal and operational implications. We help clients assess the most suitable model based on their commercial goals, risk profile, and other such considerations. Where necessary, we also assist with related agreements, such as licensing arrangements and service contracts.
A joint venture agreement should clearly set out the scope of the venture, the contributions of each party, whether financial, intellectual property, personnel, or infrastructure, and the mechanisms for decision-making, profit sharing, and dispute resolution. It should also address confidentiality, competition restrictions, and exit provisions. Our team ensures these elements are tailored to the specific needs of the parties and the nature of the venture.
We are experienced in advising on joint ventures involving Jersey companies and other corporate entities. Our lawyers regularly work alongside UK and international counsel to support cross-border transactions and are familiar with the expectations of onshore firms and financial institutions.
Our advice is grounded in Jersey law and informed by commercial experience. We understand the pressures and practicalities of collaborative ventures and provide legal solutions that support sustainable partnerships. Whether the joint venture is short-term and project-specific or intended as a longer-term strategic alliance, we focus on delivering agreements that are workable and legally sound.
If you are considering entering into a joint venture or need advice on an existing arrangement, Parslows LLP is well placed to assist. Contact us for a confidential discussion about how we can support your business through effective legal structuring and documentation.
