Joint ventures for construction lawyers

Choosing the joint venture vehicle

Parties wishing to enter into a joint venture may:

1. •

   establish a separate limited company of which each party is a shareholder (a corporate joint venture)

2. •

   establish a legal entity other than a company (eg a limited liability partnership or European Economic Interest Grouping)

3. •

   establish a partnership or limited partnership

4. •

   set out all the details of their joint venture relationship in a contract (a contractual or commercial joint venture)

The choice of joint venture vehicle will depend on the individual circumstances of the parties. See Practice Note: Setting up a joint venture—choice of structure.

Preliminary considerations

Once the parties have decided to use a limited company for their joint