JOINT VENTURES & STRATEGIC ALLIANCES
As businesses grow, their needs and pursuits expand. Whether pursuing a new business niche or undertaking a specific project with another business, our attorneys are ready to help you make the best decision for your business. At Underberg & Kessler, we have a team of attorneys experienced in joint ventures and strategic alliances. Our attorneys will guide you throughout the entire process starting with selecting the appropriate entity to pursue your goals which will be learned during a consultation and will complete and file the appropriate formation documents and draft organizational documents for your records. Contact our lawyers to learn which entity type if right for your business:
Joint Ventures
What is a joint venture?
A joint venture is a form of business typically created by two parties, but can involve more than two parties. The venture created is of shared governance, ownership, profits and risks. Reasons two or more parties pursue joint ventures include the gain of efficiencies of scale, sharing of risk of a large investment or new project, and to reach a new customer base.
A joint venture is operationally independent from it's founding owners. If the correct form of entity is chosen, founders do not have liability exposure, except for any initial capital that was invested during formation.
Strategic Alliances
What is a Strategic Alliance?
Strategic Alliances are much like joint ventures. Two or more parties create an agreement with objectives but each party remains separate and independent entities. Each party contributes to the alliance those resources to which each independent entity has access. The goal of a strategic alliance is typically to build the business of one entity using the resources of the other participating entity to achieve mutual benefit in business operations that each entity would not be able to realize independently.
Joint Ventures & Strategic Alliance Experience
Our Experience in Western, NY and Beyond
•Represented one of the owners of a joint venture established to purchase land and then develop and operate a hotel. Our legal work included the organization of a limited liability corporation (LLC) to serve as a joint venture entity and drafting and negotiating the operating agreement to reflect the joint venture members’ respective roles and responsibilities.
•Represented a joint venture established by a group of business and technical experts with the goal of obtaining and monetizing patented technology.
•Represented the management team of a real estate development and management company in purchasing a minority interest in that company’s real estate portfolio.
•Represented a company in a strategic alliance where an investor provided an injection of capital to the company and the investor obtained an exclusive right to manufacture the company’s products.
•Represented a company in a strategic alliance with a key supplier, where the supplier made a capital investment and concurrently obtained an exclusive right to provide certain parts for the company’s products.
OUR JOINT VENTURE & STRATEGIC ALLIANCE ATTORNEYS:
To learn more about our individual attorneys, please click on their picture to view their biography:
Justin P. Alexander
Rochester, NY
Helen A. Zamboni
Rochester, NY
James A. Coniglio
Geneseo, NY
Steven R. Gersz
Rochester, NY
Anna E. Lynch
Rochester, NY