Hi all
I have a group of friends I am considering doing a JV with.
I will supply the funds, they will provide other resources.
Before my verbal committment, I will ask of them some due diligence.
In addition, I want to be sure I'm legally covered, as they say they will guarantee the return of my capital investment, although I don't know how this can be enforced if they have no assets of their own.
Does anyone know where I may be able to find a sample of a joint venture agreement for our situation, which covers all the "what if scenarios"?
Should I look into a "unincorporated JV"?
Or, will a unit trust do?
The investment is only a small one, so I don't want to spend 10% on solicitors fees before we even get started, but I believe that I'm the one responsible for guaranteeing my return, as much as they are.
I have a group of friends I am considering doing a JV with.
I will supply the funds, they will provide other resources.
Before my verbal committment, I will ask of them some due diligence.
In addition, I want to be sure I'm legally covered, as they say they will guarantee the return of my capital investment, although I don't know how this can be enforced if they have no assets of their own.
Does anyone know where I may be able to find a sample of a joint venture agreement for our situation, which covers all the "what if scenarios"?
Should I look into a "unincorporated JV"?
Or, will a unit trust do?
The investment is only a small one, so I don't want to spend 10% on solicitors fees before we even get started, but I believe that I'm the one responsible for guaranteeing my return, as much as they are.