Joint Venture
Faced with stiff global competition, many enterprises choose to consolidate their market position by forging strategic alliances. The strategic union of two or more organizations to carry out a specific business project is known as a joint venture, or joint adventure. Under this arrangement, both parties retain their own identity and legal structure. They simply pool their efforts and certain resources to accomplish a specific project. This so-called "strategic" union allows them to achieve more than they could hope to do on their own.
Our law firm can assist clients in the planning, negotiation, and implementation of a joint venture arrangement. Lecours, Hébert works with clients to determine a tax structure and management controls and to resolve questions related to intellectual property, profit sharing, dispute resolution, and termination strategies. Lecours, Hébert has the experience necessary to help our clients map out and conclude a successful joint venture agreement.