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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.

1 Attorney answer

Answer

Business

Washington

Answered 449 days ago

Jane C.

ContractsCounsel verified

Business Lawyer
Licensed in Connecticut, District of Columbia, New York
Free Consultation

It depends on the language in the joint venture agreement.

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