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Joint Ventures - Structures, Documentation and Terms
Joint ventures are often essential in real estate transactions. At the same time, they are notoriously complex and risk prone. Lack of knowledge is the biggest risk of all.
This series is designed to meet the needs of property developers; dealers and investors; lenders and financiers; representatives of public and private companies; investment bankers; pension funds; insurance companies; land owning public bodies and corporates; local authorities; solicitors; surveyors; estate agents; accountants; tax advisors; statutory undertakers and finance brokers.
Led by James Wilkinson (Partner, Global Corporate Group) and his team at Reed Smith, this course examines joint ventures, the important role they play in real estate, the many forms they take and the documentation required to give them effect.
It includes: why joint venture; the possible structures; apportioning risk and reward; common pitfalls; what happens in the case of deadlock; early exits and the immediate and longer-term challenges brought about by the current economic climate.
The series:
- No important area will be overlooked – all interpretation will be practical and relevant to real sites using illustrative examples
- Four sessions of 75 minutes each, including answers to questions from participants on the challenges they are facing and on the opportunities being created
Pricing and how to register
Fees for the 4-part course: £299 + VAT. Click here to register.
Sessions:
For a full breakdown of each session please click here.
Session 1
- What is a joint venture and why are joint ventures necessary?
- Joint venture structures – partnerships; limited liability partnerships; limited liability companies; complex tax aspects
Session 2
- Preliminaries – including heads of terms; confidentiality agreements; due diligence
- Documentation Part I – including development, property management and asset management agreements
Session 3
- Documentation Part II – including shareholders’ and partnership agreements; Articles of Association; business plans
Session 4
- Common pitfalls – including what happens if more funding is required; introducing new JV partners to the arrangement; share transfers
- Exit/deadlock – including the risks of going and the risk of not going; remedies and resolutions in deadlock; sale of assets; distribution of assets