![]() This guide will cover exactly how joint venture agreements work and what steps you need to take to establish one. You share risks, expertise, and resources between two parties. Joint ventures are all about bringing two parties together to create one business entity. How would you rate this page? (question 1 of max 3) Bad Poor Good Very good Excellent Questions relating to this article? Please contact the Netherlands Chamber of Commerce, KVK Telephone number +31 (0) Service & Contact page Contact Ask other entrepreneurs for advice on Any further questions? Find more information on our contact page To top Logo About this website About us Contact Partners Accessibility Disclaimer Privacy and cookies Ondernemersplein (Dutch) you want to establish a business with a partner, then you’ll probably want to look into a joint venture agreement. Read more about working together and protecting intellectual property (in Dutch). Make clear agreements about who has the rights. You can also protect brand names, new techniques, or a design by registering their rights. Patent and intellectual propertyĪre you developing a new product in the joint venture? Then you can apply for a patent for it. Both organisations offer you advice for free. The advisers of the Netherlands Enterprise Agency (RVO) also have a large foreign network (in Dutch), including embassies. EEN is a professional network with 600 organisations in more than 60 countries. The Enterprise Europe Network (EEN) helps you, among other things, to make contacts abroad. Read more about establishing agreements for your joint venture (in Dutch) on KVK.nl. Registration is only required for legal forms. You do not have to register your joint venture agreement or cooperation agreement in the KVK Business Register or any business register abroad. You can sign a cooperation agreement or a joint venture agreement (JVA) for this. For example, agree about the duration of the joint venture and who can decide what. Agreements made can then be jeopardized.Īlways record your agreements well to avoid disagreements. Co-founders can get into financial trouble.The interests of one's own companies can cause problems (conflict of interest).For example, about the distribution of profit or work. You can trade and collaborate with partners abroad.You can participate in larger projects, such as a tender.Advantages and disadvantages of a joint venture Alone, you do not have enough money to invest in your plan, but together with another company, you do. Another reason for a joint venture may be that you see opportunities in the market. For example, due to a lack of money, knowledge, or company resources (such as machines). With a joint venture, you can take on projects that you cannot complete alone. A mussel grower and a fish wholesaler form a joint venture to mutually increase their range of products.The translation agency forms a temporary joint venture with an agency for interpreting services. In addition to translations, the government organisation also needs interpreters. A translation agency wants to participate in a tender from a government organisation.He enters a joint venture with a lighting engineer. A set builder often receives requests to also do the lighting for festivals and events.The joint venture itself is not a separate legal structure. For example, in a partnership, a general partnership (vof), a limited partnership (cv), or a private limited company (bv). Sometimes the parties choose to give the collaboration a legal structure. You record the agreements in an agreement. You can also opt for a permanent collaboration. For example, for the duration of a project. ![]() For example, by sharing knowledge, resources, and networks.Ī joint venture can be temporary. By working together in a joint venture, you can take on more, larger, or foreign assignments. The companies retain their independence, as well as their own products and services. A joint venture is an agreement between existing companies to work together.
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