Australian Joint Venture Agreement Drafting

Identify the participants, project, duration and whether a company or contractual arrangement is intended. Provide any existing constitution or shareholders agreement. The draft can organise the selected structure, while legal and tax review can assess whether it creates the intended obligations and requires additional documents.

List cash, assets, IP, personnel and services each participant will contribute, including ownership, valuation and timing. Explain how interests and cost or revenue sharing are calculated. Review the instructions against supporting records so the draft does not treat access to an asset as a transfer of ownership.

Describe budgets, approval thresholds, additional funding calls and the intended response to a participant's default. Identify management roles, reserved matters and an escalation or exit process for deadlock. Check that the voting and funding mechanisms remain workable if the participants disagree or cannot contribute further.

Distinguish existing IP from new project work and specify who may use each after an exit or closure. Include licences, commercialisation rights, records and confidential information. Review those arrangements with transfer and wind-up terms, particularly where participants are competitors or third-party materials are involved.