Spencer Fane attorney Mary Bacon recently published an article in Construction Executive highlighting the intricacies of partnerships and joint ventures. She discussed details on legal issues that can arise if agreements are not properly considered.
Titled, “Let’s Work Together, Partner,” Mary outlines the differences between a partnership and a joint venture and how that affects liability.
“‘Partnering’ or forming a joint venture with another entity could lead to incredible success. It could also end in disaster,” Mary explained in the article. “Before partnering or forming a joint venture with another person or entity, make sure to consider the relationship in the context of the reasons initially decided not to create a partnership for an existing business entity.”
To read the full article, please click here.