Joint risks and rewards
Patterson, L.
Joint risks and rewards - 2005 - Construction News (6906) 3 March 2005, 28(1) .
A growing number of contractors are entering into joint ventures where two or more parties come together to undertake a specific project or a series of projects. There are three important documents here, the Articles of Association, the shareholder's agreement and the ancillary agreement. There is always a need for clear roles, with provisions made for dealing with problems such as non-realisation of income or profit and agreements must also provide for remedies in the event that one of the parties in the agreement does not perform.
JOINT VENTURES
PROPERTY DEVELOPMENT
Contracts
Joint risks and rewards - 2005 - Construction News (6906) 3 March 2005, 28(1) .
A growing number of contractors are entering into joint ventures where two or more parties come together to undertake a specific project or a series of projects. There are three important documents here, the Articles of Association, the shareholder's agreement and the ancillary agreement. There is always a need for clear roles, with provisions made for dealing with problems such as non-realisation of income or profit and agreements must also provide for remedies in the event that one of the parties in the agreement does not perform.
JOINT VENTURES
PROPERTY DEVELOPMENT
Contracts