Joint Ventures Agreements in Business, Part 1 (Replay)

course

COURSE INFO

  • Presentation Date 3/18/2019
  • Next Class Time 12:00 PM CT
  • Duration 60 min.
  • Format Audio Webcast
  • Program Code 08142018
  • MCLE Credits 1 hour(s)


Course Price: $65.00
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COURSE DESCRIPTION

Businesses frequently pool their resources – capital, expertise, marketing, distribution – in joint ventures, leveraging their individual strengths by partnering with companies with complementary strengths.  Joint ventures come in many varieties, including contractual strategic alliances, entity-based ventures, and other hybrid forms. The key to JV success is carefully planning the immediate and future contributions of each party, apportioning management control and access to information, clearly defining property ownership, dispute resolution, and transfers of interests in the JV. This program will provide you with a practical guide to planning and drafting joint ventures, including financial and tax considerations, decision-making authority and transfers of interests in the JV, ownership of jointly developed property, and dispute resolution.

Day 1:

  • Joint ventures in business – planning and drafting considerations
  • Framework of considerations – formality, capital, tax issues, management control, exits
  • Types of joint ventures – contractual strategic alliances v. shared entities v. hybrids
  • Choice of entity – incorporated entities v. LPs and general partnerships v. LLCs
  • Decision-making, access to information, deadlocks and resolution

Day 2:

  • Contributions – capital, marketing and distribution, expertise, intangible assets
  • Economics – allocation of profits and losses, and distribution policies
  • Transfers of JV interests – rights of first offer/refusal, restrictions on transfers, dissolution
  • Ownership of jointly developed property – development of intellectual property and ownership of property

 

Speakers:

Peter J. Kinsella is a partner in the Denver office of Perkins Coie, LLP, where he has an extensive practice advising businesses of every size on technology and commercial transactions, and joint ventures.  Prior to joining his firm, he worked for ten years in various legal capacities with Qwest Communications International, Inc. and Honeywell, Inc.  Mr. Kinsella has extensive experience structuring and negotiating data sharing agreements, complex procurement agreements, product distribution agreements, OEM agreements, marketing and advertising agreements, corporate sponsorship agreements, and various types of patent, trademark and copyright licenses.  Mr. Kinsella received his B.S. from North Dakota State University and his J.D. from the University of Minnesota Law School.

Allen Sparkman is a partner in the Houston, Fort Worth, and Denver offices of Sparkman Foote, LLP.  He has practiced law for over forty years in the areas of estate, tax, business, insurance, asset protection, and charitable giving.  He has written and lectured extensively on choice-of-entity, charitable giving and estate planning topics.  He is the Colorado reporter for the books "State Limited Partnership Laws" and "State Limited Liability Company Laws," both published by Aspen Law & Business and co-author of “Using Limited Liability Companies, Partnerships, and Limited Partnerships in Colorado,” publishing by CLE in Colorado, Inc.  Mr. Sparkman received his A.B. with honors from Princeton University and his J.D. with high honors from the University of Texas School of Law.