Establish clear goals, responsibilities, and profit splits from day one.
Outline Objectives
legal tl;dr identifies vague or conflicting project aims.
Define Profit & Cost Sharing
Avoid disputes over unexpected expenses or revenue distribution.
Plan a Clean Exit
Ensure all partners know how to dissolve or modify the JV if needed.
How It Works
Risks If You Skip a Review
Funding Confusion
No clarity on who invests how much or who covers overruns.
Difficult Exits
Partners may be trapped or confused about leaving the JV.