Operating the Joint Venture

Summary

This practice note discusses the use of additional ancillary agreements by the joint venture partners in operating the joint venture. The determination as to whether additional ancillary agreements are necessary is fact-specific, and may be based on various legal and regulatory requirements and factors such as industry, locations of operations and sales, purpose and operations of the joint venture, operations of the joint venture partners, and services provided to the joint venture by joint venture partners or other service providers.