Making JV’s Successful
detailed examination of a particular partner
want to avoid an unhappy ending KEY CONSIDERATIONS
do a limited project first, if possible
don’t let your experts get hired away by larger partner
legal protection is not enough - there has to be a genuine spirit of co-operation for the better good
keep the mission/goals/objectives small and well defined
have clear performance measures which are agreed upon
- ie. by this date we will have this done ......
limit the time frame - sunset date
have a “prenuptial” agreement outlining what to do in a breakup