Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Contractual joint venture definition

What does Contractual joint venture mean? A contractual joint venture is a collaboration between two or more parties documented only by contract (for example a joint venture agreement or collaboration agreement), without forming a company, LLP or other vehicle and without other structural changes. The term is descriptive rather than defined by statute or case law, and is used across transactional practice in England & Wales, Scotland, Northern Ireland and Ireland. Key features include agreement on scope and deliverables, contributions and funding, governance and decision‑making, risk and liability allocation, revenue/profit sharing, intellectual property, confidentiality, term, exit and dispute resolution. It is commonly used for...

UK contractual joint ventures: drafting guide to structure, roles, duration, assets, profit allocation, avoiding partnership, data protection, competition law, deadlock, termination, enforcement, subsidiary agreements and tax

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Practice notes

Contractual joint venture agreements

This Practice Note outlines the principal commercial considerations and available choices to weigh up when preparing or assessing a contractual joint venture agreement. It addresses the preparation of a contractual joint venture where the parties to the venture conclude a contractual arrangement that records the terms governing their co-operation and collaboration. It does not deal with corporate joint ventures. The participants to the joint venture should evaluate the type of joint venture arrangement and the structure that is most appropriate to meet the participants’ objectives. For related guidance, see Practice Notes: Setting up a joint venture—choice of structure and Drafting for particular types of contractual joint venture...

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Web page updated on 21/05/2026

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