Home Q&A Forum Who pays expenses in a joint venture?

Business

Joint Venture Partnership Agreement

Washington

Asked on Mar 21, 2023

Who pays expenses in a joint venture?

I am currently exploring the possibility of forming a joint venture with another company to pursue a business opportunity. However, I am unclear on how expenses related to the joint venture will be paid and whether each company is responsible for their own expenses or if they will be shared. Therefore, I would like to seek the advice of a lawyer to better understand the financial implications of a joint venture and ensure that my interests are protected.

Answers from 1 Lawyer

Answer

Business

Washington

Answered 1152 days ago

Jane C.

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It depends on the language in the joint venture agreement.

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