Joint Ventures

A joint venture is created when two or more people or businesses agree to contribute goods, services or capital to one business entity. There are no specific laws in Canada that govern the creation and ongoing activity of joint ventures. Joint ventures are governed by the contract between those involved in the business entity.  Joint venture contracts should outline the terms of collaboration, the contributions of those involved, profit sharing and management structure and decision-making process. A lawyer can provide legal help with your joint venture.

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