Getting The Deal Through logo
Getting The Deal Through

Introduction

Gavin Williams and James Farrell

Herbert Smith Freehills

Monday 10 December 2018


Genesis with company law

The term ‘joint venture’ is typically used today to refer to the pursuit of a common goal by two or more companies, whether simply by means of contractual arrangements or by creating a separate entity. However, all partnerships and companies with multiple distinct shareholders or members technically qualify as joint ventures, in the purest sense (namely, a collaboration between two or more legal or natural persons with the aim of conducting a shared business). Indeed, the early laws on partnerships and companies were established to regulate the allocation of responsibility and liability as businesses moved from being carried on by sole traders alone to multiple parties sharing risk and reward together.

To read more
sign up for access
or

login here login here.

In house counsel join for free. Individual practitioners and lawyers may register for a free trial. For information on firmwide subscriptions please contact us.




Follow Getting the Deal Through for the latest updates on law and regulation worldwide

Follow us on LinkedIn