What Issues Do I Need To Consider When Looking For A Joint Venture Pa

1.	What Issues Do I Need To Consider When Looking For A Joint Venture Partner?
Answer» Look for a JV partner with complementary strengths: eg a software product which you can distribute through the Joint VENTURE. TAKE time to understand fully what your partner’s purpose and objectives will be from the JV. You will need to be able to agree objectives that suit both of you. You will also need to reach agreement on a whole RANGE of other issues as well as the JV agreement. Consider at the outset what happens when the JV comes to an end. This can MAKE it difficult to collaborate with a competitor or with a BUSINESS that is likely to compete with you in the future.

What Issues Do I Need To Consider When Looking For A Joint Venture Partner?

Answer»

Look for a JV partner with complementary strengths: eg a software product which you can distribute through the Joint VENTURE.
TAKE time to understand fully what your partner’s purpose and objectives will be from the JV. You will need to be able to agree objectives that suit both of you.
You will also need to reach agreement on a whole RANGE of other issues as well as the JV agreement.
Consider at the outset what happens when the JV comes to an end. This can MAKE it difficult to collaborate with a competitor or with a BUSINESS that is likely to compete with you in the future.