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Jurisdiction(s):
United Kingdom
United Kingdom
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...
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UK tax treatment of contractual joint ventures: corporation tax, VAT, establishment, operation and termination, and avoiding partnership status
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Practice notes
This Practice Note reviews the UK tax considerations relevant to the establishment, operation and cessation of contractual joint ventures, and explores how the participants might differentiate such an arrangement from a partnership. For the purposes of this Practice Note, it is assumed that the joint venture parties are UK tax resident corporate entities and that the joint venture’s business is conducted in the UK (for information on ventures with a non-UK element, see Practice Note: Tax implications of international joint ventures)...
What is a contractual joint venture?
A joint venture is a commercial arrangement undertaken by two or more independent parties. There are no specific statutory rules, including tax provisions, that apply solely to joint ventures, and the term itself has no precise legal definition. A joint venture can be structured in various ways. It may operate through a separate joint venture vehicle, most commonly a limited liability company or a partnership. Alternatively, and in its most basic form, it can be an arrangement where the participants do not create a separate legal entity but instead collaborate solely under a contractual arrangement. The relationship between the joint venture parties in such a contractual...
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Web page updated on 22/05/2026
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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...
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