InterviewSolution
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What Assets Can Be Put Into Joint Ventures? |
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Answer» Any asset can be put into a Joint Venture e.g. employees, intellectual property, offices, customers and suppliers and their related contracts. Contributions can be by outright transfer, or by a lease or licence to the Joint Venture for a FIXED or indefinite term. Separate documents will be required for the transfer of each asset to the Joint Venture . The contributed ASSETS will need to be valued and agreed with the Joint Venture partner. You will need to agree if all contributions of assets can be made SIMULTANEOUSLY, if you need any regulatory approvals or consents third parties (including lessors, licensors and lenders) or how required for any transfer. If not, the AVAILABILITY of all or any particular asset(s) can be a condition precedent to the establishment of the Joint Venture. Any asset can be put into a Joint Venture e.g. employees, intellectual property, offices, customers and suppliers and their related contracts. Contributions can be by outright transfer, or by a lease or licence to the Joint Venture for a fixed or indefinite term. Separate documents will be required for the transfer of each asset to the Joint Venture . The contributed assets will need to be valued and agreed with the Joint Venture partner. You will need to agree if all contributions of assets can be made simultaneously, if you need any regulatory approvals or consents third parties (including lessors, licensors and lenders) or how required for any transfer. If not, the availability of all or any particular asset(s) can be a condition precedent to the establishment of the Joint Venture. |
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