Issues to be considered include:
- The structure of the joint venture.
- What the joint venture's objectives are.
- How it will be managed.
- How it will be financed, and what will happen if further funding is needed in the future.
- What assets, including intellectual property, you will each contribute.
- Who will work for the new venture.
- What information will be reported to you.
- How profits will be shared.
- Who will own any intellectual property created by the joint venture.
- How any disputes between the joint venture partners will be handled.
- What exit routes will be available if you want to realise your investment in the joint venture.
All the key issues need to be covered by appropriate agreements (see 10).
