i Table of contents 248

Joint Ventures 2025

Definitive global law guides offering comparative analysis from top-ranked lawyers

INTRODUCTION		5
Contributed by Maurizio Marullo, Giorgio Vagnoni, Claudia Marongiu and Pasquale Ambrosio Cepparulo, LAWP Studio Legale e Tributario		5
GERMANY		9
Law and Practice		9
Contributed by LPA		9
Trends and Developments		29
Contributed by LPA		29
ITALY		33
Law and Practice		33
Contributed by LAWP Studio Legale e Tributario		33
JAPAN		51
Law and Practice		51
Contributed by Mori Hamada		51
Trends and Developments		64
Contributed by Anderson Mori & Tomotsune		64
KUWAIT		70
Law and Practice		70
Contributed by Meysan		70
LUXEMBOURG		86
Law and Practice		86
Contributed by GSK Stockmann SA		86
Trends and Developments		102
Contributed by GSK Stockmann SA		102
MEXICO		108
Law and Practice		108
Contributed by Aziz & Kaye Business Law		108
SOUTH KOREA		123
Law and Practice		123
Contributed by Lee & Ko		123
SWEDEN		141
Law and Practice		141
Contributed by CMS Wistrand		141
Trends and Developments		156
Contributed by CMS Wistrand		156
SWITZERLAND		161
Law and Practice		161
Contributed by MLL Legal		161
TAIWAN		179
Law and Practice		179
Contributed by Lee and Li Attorneys-at-Law		179
Trends and Developments		191
Contributed by Lee and Li Attorneys-at-Law		191
THAILAND		197
Law and Practice		197
Contributed by MSC International Law Office		197
Trends and Developments		210
Contributed by MSC International Law Office		210
USA		215
Law and Practice		215
Contributed by Holland & Knight LLP		215
Trends and Developments		231
Contributed by Holland & Knight LLP		231
UZBEKISTAN		237
Law and Practice		237
Contributed by GRATA International law firm		237
1. Market Conditions		11
1.1 Geopolitical and Economic Factors		11
1.2 Industry Trends and Emerging Technologies		11
2. JV Structure and Strategy		12
2.1 Typical JV Structures		12
2.2 Strategic Drivers for JV Structuring		12
3. JV Regulation		13
3.1 Legal Framework and Regulatory Bodies		13
3.2 Anti-Money Laundering Compliance		13
3.3 Sanctions, National Security and Foreign Investment Controls		13
3.4 Competition Law and Antitrust		14
3.5 Listed Companies and Market Disclosure Rules		15
3.6 Transparency and Ownership Disclosure		15
4. Legal Developments		16
4.1 Notable Recent Decisions or Statutory Developments		16
5. Negotiating the Terms		16
5.1 Preliminary Negotiation Instruments and Practices		16
5.2 Disclosure Obligations		17
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		18
5.4 Legal Formation and Capital Requirements		18
6. Core Terms of a JV Agreement		19
6.1 Drafting and Structure of the Agreement		19
6.2 Governance and Decision-Making		19
6.3 Funding		20
6.4 Deadlocks		20
6.5 Other Documentation		21
6.6 Rights and Obligations of JV Partners		21
6.7 Minority Protection and Control Rights		22
6.8 Applicable Law and Dispute Resolution in International JVs		22
7. The JV Board		23
7.1 Board Structure		23
7.2 Duties and Functions of JV Boards and Directors		24
7.3 Conflicts of Interest		24
8. IP and ESG		25
8.1 Ownership and Use of IP		25
8.2 Licensing v Assignment of IP Rights		25
8.3 ESG Considerations in JVs		26
9. Exit Strategies and Termination		26
9.1 Termination of a JV		26
9.2 Asset Redistribution and Transfers		27
9.3 Exit Strategy		28
1. Market Conditions		35
1.1 Geopolitical and Economic Factors		35
1.2 Industry Trends and Emerging Technologies		35
2. JV Structure and Strategy		36
2.1 Typical JV Structures		36
2.2 Strategic Drivers for JV Structuring		36
3. JV Regulation		37
3.1 Legal Framework and Regulatory Bodies		37
3.2 Anti-Money Laundering Compliance		38
3.3 Sanctions, National Security and Foreign Investment Controls		38
3.4 Competition Law and Antitrust		39
3.5 Listed Companies and Market Disclosure Rules		39
3.6 Transparency and Ownership Disclosure		39
4. Legal Developments		40
4.1 Notable Recent Decisions or Statutory Developments		40
5. Negotiating the Terms		40
5.1 Preliminary Negotiation Instruments and Practices		40
5.2 Disclosure Obligations		41
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		41
5.4 Legal Formation and Capital Requirements		41
6. Core Terms of a JV Agreement		42
6.1 Drafting and Structure of the Agreement		42
6.2 Governance and Decision-Making		43
6.3 Funding		43
6.4 Deadlocks		44
6.5 Other Documentation		44
6.6 Rights and Obligations of JV Partners		44
6.7 Minority Protection and Control Rights		45
6.8 Applicable Law and Dispute Resolution in International JVs		45
7. The JV Board		46
7.1 Board Structure		46
7.2 Duties and Functions of JV Boards and Directors		46
7.3 Conflicts of Interest		47
8. IP and ESG		47
8.1 Ownership and Use of IP		47
8.2 Licensing v Assignment of IP Rights		48
8.3 ESG Considerations in JVs		48
9. Exit Strategies and Termination		49
9.1 Termination of a JV		49
9.2 Asset Redistribution and Transfers		49
9.3 Exit Strategy		50
1. Market Conditions		53
1.1 Geopolitical and Economic Factors		53
1.2 Industry Trends and Emerging Technologies		53
2. JV Structure and Strategy		53
2.1 Typical JV Structures		53
2.2 Strategic Drivers for JV Structuring		53
3. JV Regulation		54
3.1 Legal Framework and Regulatory Bodies		54
3.2 Anti-Money Laundering Compliance		54
3.3 Sanctions, National Security and Foreign Investment Controls		54
3.4 Competition Law and Antitrust		55
3.5 Listed Companies and Market Disclosure Rules		55
3.6 Transparency and Ownership Disclosure		55
4. Legal Developments		55
4.1 Notable Recent Decisions or Statutory Developments		55
5. Negotiating the Terms		56
5.1 Preliminary Negotiation Instruments and Practices		56
5.2 Disclosure Obligations		56
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		56
5.4 Legal Formation and Capital Requirements		57
6. Core Terms of a JV Agreement		57
6.1 Drafting and Structure of the Agreement		57
6.2 Governance and Decision-Making		58
6.3 Funding		58
6.4 Deadlocks		59
6.5 Other Documentation		59
6.6 Rights and Obligations of JV Partners		59
6.7 Minority Protection and Control Rights		60
6.8 Applicable Law and Dispute Resolution in International JVs		60
7. The JV Board		61
7.1 Board Structure		61
7.2 Duties and Functions of JV Boards and Directors		61
7.3 Conflicts of Interest		61
8. IP and ESG		61
8.1 Ownership and Use of IP		61
8.2 Licensing v Assignment of IP Rights		62
8.3 ESG Considerations in JVs		62
9. Exit Strategies and Termination		63
9.1 Termination of a JV		63
9.2 Asset Redistribution and Transfers		63
9.3 Exit Strategy		63
1. Market Conditions		72
1.1 Geopolitical and Economic Factors		72
1.2 Industry Trends and Emerging Technologies		72
2. JV Structure and Strategy		72
2.1 Typical JV Structures		72
2.2 Strategic Drivers for JV Structuring		73
3. JV Regulation		74
3.1 Legal Framework and Regulatory Bodies		74
3.2 Anti-Money Laundering Compliance		75
3.3 Sanctions, National Security and Foreign Investment Controls		75
3.4 Competition Law and Antitrust		76
3.5 Listed Companies and Market Disclosure Rules		76
3.6 Transparency and Ownership Disclosure		76
4. Legal Developments		76
4.1 Notable Recent Decisions or Statutory Developments		76
5. Negotiating the Terms		77
5.1 Preliminary Negotiation Instruments and Practices		77
5.2 Disclosure Obligations		77
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		77
5.4 Legal Formation and Capital Requirements		78
6. Core Terms of a JV Agreement		78
6.1 Drafting and Structure of the Agreement		78
6.2 Governance and Decision-Making		79
6.3 Funding		80
6.4 Deadlocks		80
6.5 Other Documentation		81
6.6 Rights and Obligations of JV Partners		81
6.7 Minority Protection and Control Rights		81
6.8 Applicable Law and Dispute Resolution in International JVs		82
7. The JV Board		82
7.1 Board Structure		82
7.2 Duties and Functions of JV Boards and Directors		83
7.3 Conflicts of Interest		83
8. IP and ESG		84
8.1 Ownership and Use of IP		84
8.2 Licensing v Assignment of IP Rights		84
8.3 ESG Considerations in JVs		84
9. Exit Strategies and Termination		84
9.1 Termination of a JV		84
9.2 Asset Redistribution and Transfers		85
9.3 Exit Strategy		85
1. Market Conditions		88
1.1 Geopolitical and Economic Factors		88
1.2 Industry Trends and Emerging Technologies		88
2. JV Structure and Strategy		88
2.1 Typical JV Structures		88
2.2 Strategic Drivers for JV Structuring		89
3. JV Regulation		90
3.1 Legal Framework and Regulatory Bodies		90
3.2 Anti-Money Laundering Compliance		90
3.3 Sanctions, National Security and Foreign Investment Controls		91
3.4 Competition Law and Antitrust		91
3.5 Listed Companies and Market Disclosure Rules		92
3.6 Transparency and Ownership Disclosure		92
4. Legal Developments		92
4.1 Notable Recent Decisions or Statutory Developments		92
5. Negotiating the Terms		92
5.1 Preliminary Negotiation Instruments and Practices		92
5.2 Disclosure Obligations		93
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		93
5.4 Legal Formation and Capital Requirements		93
6. Core Terms of a JV Agreement		94
6.1 Drafting and Structure of the Agreement		94
6.2 Governance and Decision-Making		94
6.3 Funding		95
6.4 Deadlocks		95
6.5 Other Documentation		95
6.6 Rights and Obligations of JV Partners		95
6.7 Minority Protection and Control Rights		96
6.8 Applicable Law and Dispute Resolution in International JVs		96
7. The JV Board		97
7.1 Board Structure		97
7.2 Duties and Functions of JV Boards and Directors		97
7.3 Conflicts of Interest		97
8. IP and ESG		98
8.1 Ownership and Use of IP		98
8.2 Licensing v Assignment of IP Rights		98
8.3 ESG Considerations in JVs		98
9. Exit Strategies and Termination		100
9.1 Termination of a JV		100
9.2 Asset Redistribution and Transfers		101
9.3 Exit Strategy		101
1. Market Conditions		110
1.1 Geopolitical and Economic Factors		110
1.2 Industry Trends and Emerging Technologies		110
2. JV Structure and Strategy		111
2.1 Typical JV Structures		111
2.2 Strategic Drivers for JV Structuring		111
3. JV Regulation		112
3.1 Legal Framework and Regulatory Bodies		112
3.2 Anti-Money Laundering Compliance		112
3.3 Sanctions, National Security and Foreign Investment Controls		113
3.4 Competition Law and Antitrust		113
3.5 Listed Companies and Market Disclosure Rules		114
3.6 Transparency and Ownership Disclosure		114
4. Legal Developments		114
4.1 Notable Recent Decisions or Statutory Developments		114
5. Negotiating the Terms		115
5.1 Preliminary Negotiation Instruments and Practices		115
5.2 Disclosure Obligations		115
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		116
5.4 Legal Formation and Capital Requirements		116
6. Core Terms of a JV Agreement		116
6.1 Drafting and Structure of the Agreement		116
6.2 Governance and Decision-Making		117
6.3 Funding		117
6.4 Deadlocks		118
6.5 Other Documentation		118
6.6 Rights and Obligations of JV Partners		118
6.7 Minority Protection and Control Rights		119
6.8 Applicable Law and Dispute Resolution in International JVs		119
7. The JV Board		120
7.1 Board Structure		120
7.2 Duties and Functions of JV Boards and Directors		120
7.3 Conflicts of Interest		121
8. IP and ESG		121
8.1 Ownership and Use of IP		121
8.2 Licensing v Assignment of IP Rights		121
8.3 ESG Considerations in JVs		121
9. Exit Strategies and Termination		122
9.1 Termination of a JV		122
9.2 Asset Redistribution and Transfers		122
9.3 Exit Strategy		122
1. Market Conditions		125
1.1 Geopolitical and Economic Factors		125
1.2 Industry Trends and Emerging Technologies		125
2. JV Structure and Strategy		125
2.1 Typical JV Structures		125
2.2 Strategic Drivers for JV Structuring		126
3. JV Regulation		126
3.1 Legal Framework and Regulatory Bodies		126
3.2 Anti-Money Laundering Compliance		126
3.3 Sanctions, National Security and Foreign Investment Controls		127
3.4 Competition Law and Antitrust		128
3.5 Listed Companies and Market Disclosure Rules		129
3.6 Transparency and Ownership Disclosure		129
4. Legal Developments		129
4.1 Notable Recent Decisions or Statutory Developments		129
5. Negotiating the Terms		130
5.1 Preliminary Negotiation Instruments and Practices		130
5.2 Disclosure Obligations		130
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		131
5.4 Legal Formation and Capital Requirements		131
6. Core Terms of a JV Agreement		132
6.1 Drafting and Structure of the Agreement		132
6.2 Governance and Decision-Making		132
6.3 Funding		133
6.4 Deadlocks		133
6.5 Other Documentation		134
6.6 Rights and Obligations of JV Partners		134
6.7 Minority Protection and Control Rights		135
6.8 Applicable Law and Dispute Resolution in International JVs		135
7. The JV Board		136
7.1 Board Structure		136
7.2 Duties and Functions of JV Boards and Directors		136
7.3 Conflicts of Interest		136
8. IP and ESG		137
8.1 Ownership and Use of IP		137
8.2 Licensing v Assignment of IP Rights		138
8.3 ESG Considerations in JVs		138
9. Exit Strategies and Termination		139
9.1 Termination of a JV		139
9.2 Asset Redistribution and Transfers		139
9.3 Exit Strategy		139
1. Market Conditions		143
1.1 Geopolitical and Economic Factors		143
1.2 Industry Trends and Emerging Technologies		143
2. JV Structure and Strategy		143
2.1 Typical JV Structures		143
2.2 Strategic Drivers for JV Structuring		145
3. JV Regulation		146
3.1 Legal Framework and Regulatory Bodies		146
3.2 Anti-Money Laundering Compliance		146
3.3 Sanctions, National Security and Foreign Investment Controls		146
3.4 Competition Law and Antitrust		146
3.5 Listed Companies and Market Disclosure Rules		147
3.6 Transparency and Ownership Disclosure		147
4. Legal Developments		148
4.1 Notable Recent Decisions or Statutory Developments		148
5. Negotiating the Terms		148
5.1 Preliminary Negotiation Instruments and Practices		148
5.2 Disclosure Obligations		148
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		148
5.4 Legal Formation and Capital Requirements		149
6. Core Terms of a JV Agreement		149
6.1 Drafting and Structure of the Agreement		149
6.2 Governance and Decision-Making		149
6.3 Funding		149
6.4 Deadlocks		150
6.5 Other Documentation		150
6.6 Rights and Obligations of JV Partners		150
6.7 Minority Protection and Control Rights		151
6.8 Applicable Law and Dispute Resolution in International JVs		151
7. The JV Board		151
7.1 Board Structure		151
7.2 Duties and Functions of JV Boards and Directors		152
7.3 Conflicts of Interest		152
8. IP and ESG		153
8.1 Ownership and Use of IP		153
8.2 Licensing v Assignment of IP Rights		153
8.3 ESG Considerations in JVs		153
9. Exit Strategies and Termination		154
9.1 Termination of a JV		154
9.2 Asset Redistribution and Transfers		154
9.3 Exit Strategy		154
1. Market Conditions		163
1.1 Geopolitical and Economic Factors		163
1.2 Industry Trends and Emerging Technologies		163
2. JV Structure and Strategy		163
2.1 Typical JV Structures		163
2.2 Strategic Drivers for JV Structuring		165
3. JV Regulation		165
3.1 Legal Framework and Regulatory Bodies		165
3.2 Anti-Money Laundering Compliance		166
3.3 Sanctions, National Security and Foreign Investment Controls		166
3.4 Competition Law and Antitrust		167
3.5 Listed Companies and Market Disclosure Rules		167
3.6 Transparency and Ownership Disclosure		167
4. Legal Developments		168
4.1 Notable Recent Decisions or Statutory Developments		168
5. Negotiating the Terms		168
5.1 Preliminary Negotiation Instruments and Practices		168
5.2 Disclosure Obligations		168
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		169
5.4 Legal Formation and Capital Requirements		169
6. Core Terms of a JV Agreement		170
6.1 Drafting and Structure of the Agreement		170
6.2 Governance and Decision-Making		170
6.3 Funding		171
6.4 Deadlocks		172
6.5 Other Documentation		172
6.6 Rights and Obligations of JV Partners		173
6.7 Minority Protection and Control Rights		173
6.8 Applicable Law and Dispute Resolution in International JVs		174
7. The JV Board		174
7.1 Board Structure		174
7.2 Duties and Functions of JV Boards and Directors		175
7.3 Conflicts of Interest		175
8. IP and ESG		176
8.1 Ownership and Use of IP		176
8.2 Licensing v Assignment of IP Rights		176
8.3 ESG Considerations in JVs		177
9. Exit Strategies and Termination		177
9.1 Termination of a JV		177
9.2 Asset Redistribution and Transfers		178
9.3 Exit Strategy		178
1. Market Conditions		181
1.1 Geopolitical and Economic Factors		181
1.2 Industry Trends and Emerging Technologies		181
2. JV Structure and Strategy		181
2.1 Typical JV Structures		181
2.2 Strategic Drivers for JV Structuring		182
3. JV Regulation		182
3.1 Legal Framework and Regulatory Bodies		182
3.2 Anti-Money Laundering Compliance		182
3.3 Sanctions, National Security and Foreign Investment Controls		182
3.4 Competition Law and Antitrust		183
3.5 Listed Companies and Market Disclosure Rules		184
3.6 Transparency and Ownership Disclosure		184
4. Legal Developments		184
4.1 Notable Recent Decisions or Statutory Developments		184
5. Negotiating the Terms		185
5.1 Preliminary Negotiation Instruments and Practices		185
5.2 Disclosure Obligations		185
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		185
5.4 Legal Formation and Capital Requirements		185
6. Core Terms of a JV Agreement		186
6.1 Drafting and Structure of the Agreement		186
6.2 Governance and Decision-Making		186
6.3 Funding		186
6.4 Deadlocks		186
6.5 Other Documentation		186
6.6 Rights and Obligations of JV Partners		186
6.7 Minority Protection and Control Rights		187
6.8 Applicable Law and Dispute Resolution in International JVs		187
7. The JV Board		188
7.1 Board Structure		188
7.2 Duties and Functions of JV Boards and Directors		188
7.3 Conflicts of Interest		189
8. IP and ESG		189
8.1 Ownership and Use of IP		189
8.2 Licensing v Assignment of IP Rights		189
8.3 ESG Considerations in JVs		189
9. Exit Strategies and Termination		189
9.1 Termination of a JV		189
9.2 Asset Redistribution and Transfers		190
9.3 Exit Strategy		190
1. Market Conditions		199
1.1 Geopolitical and Economic Factors		199
1.2 Industry Trends and Emerging Technologies		199
2. JV Structure and Strategy		200
2.1 Typical JV Structures		200
2.2 Strategic Drivers for JV Structuring		200
3. JV Regulation		201
3.1 Legal Framework and Regulatory Bodies		201
3.2 Anti-Money Laundering Compliance		201
3.3 Sanctions, National Security and Foreign Investment Controls		201
3.4 Competition Law and Antitrust		201
3.5 Listed Companies and Market Disclosure Rules		201
3.6 Transparency and Ownership Disclosure		202
4. Legal Developments		202
4.1 Notable Recent Decisions or Statutory Developments		202
5. Negotiating the Terms		202
5.1 Preliminary Negotiation Instruments and Practices		202
5.2 Disclosure Obligations		202
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		203
5.4 Legal Formation and Capital Requirements		203
6. Core Terms of a JV Agreement		203
6.1 Drafting and Structure of the Agreement		203
6.2 Governance and Decision-Making		204
6.3 Funding		204
6.4 Deadlocks		204
6.5 Other Documentation		204
6.6 Rights and Obligations of JV Partners		204
6.7 Minority Protection and Control Rights		205
6.8 Applicable Law and Dispute Resolution in International JVs		205
7. The JV Board		206
7.1 Board Structure		206
7.2 Duties and Functions of JV Boards and Directors		206
7.3 Conflicts of Interest		206
8. IP and ESG		207
8.1 Ownership and Use of IP		207
8.2 Licensing v Assignment of IP Rights		207
8.3 ESG Considerations in JVs		208
9. Exit Strategies and Termination		209
9.1 Termination of a JV		209
9.2 Asset Redistribution and Transfers		209
9.3 Exit Strategy		209
1. Market Conditions		217
1.1 Geopolitical and Economic Factors		217
1.2 Industry Trends and Emerging Technologies		217
2. JV Structure and Strategy		217
2.1 Typical JV Structures		217
2.2 Strategic Drivers for JV Structuring		219
3. JV Regulation		219
3.1 Legal Framework and Regulatory Bodies		219
3.2 Anti-Money Laundering Compliance		220
3.3 Sanctions, National Security and Foreign Investment Controls		221
3.4 Competition Law and Antitrust		221
3.5 Listed Companies and Market Disclosure Rules		221
3.6 Transparency and Ownership Disclosure		221
4. Legal Developments		222
4.1 Notable Recent Decisions or Statutory Developments		222
5. Negotiating the Terms		222
5.1 Preliminary Negotiation Instruments and Practices		222
5.2 Disclosure Obligations		223
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		223
5.4 Legal Formation and Capital Requirements		223
6. Core Terms of a JV Agreement		223
6.1 Drafting and Structure of the Agreement		223
6.2 Governance and Decision-Making		224
6.3 Funding		225
6.4 Deadlocks		225
6.5 Other Documentation		226
6.6 Rights and Obligations of JV Partners		226
6.7 Minority Protection and Control Rights		226
6.8 Applicable Law and Dispute Resolution in International JVs		226
7. The JV Board		227
7.1 Board Structure		227
7.2 Duties and Functions of JV Boards and Directors		227
7.3 Conflicts of Interest		228
8. IP and ESG		228
8.1 Ownership and Use of IP		228
8.2 Licensing v Assignment of IP Rights		228
8.3 ESG Considerations in JVs		229
9. Exit Strategies and Termination		229
9.1 Termination of a JV		229
9.2 Asset Redistribution and Transfers		230
9.3 Exit Strategy		230
1. Market Conditions		239
1.1 Geopolitical and Economic Factors		239
1.2 Industry Trends and Emerging Technologies		239
2. JV Structure and Strategy		239
2.1 Typical JV Structures		239
2.2 Strategic Drivers for JV Structuring		239
3. JV Regulation		240
3.1 Legal Framework and Regulatory Bodies		240
3.2 Anti-Money Laundering Compliance		240
3.3 Sanctions, National Security and Foreign Investment Controls		240
3.4 Competition Law and Antitrust		241
3.5 Listed Companies and Market Disclosure Rules		241
3.6 Transparency and Ownership Disclosure		241
4. Legal Developments		242
4.1 Notable Recent Decisions or Statutory Developments		242
5. Negotiating the Terms		242
5.1 Preliminary Negotiation Instruments and Practices		242
5.2 Disclosure Obligations		242
5.3 Conditions Precedent, Material Adverse Change and Force Majeure		242
5.4 Legal Formation and Capital Requirements		243
6. Core Terms of a JV Agreement		243
6.1 Drafting and Structure of the Agreement		243
6.2 Governance and Decision-Making		243
6.3 Funding		244
6.4 Deadlocks		245
6.5 Other Documentation		245
6.6 Rights and Obligations of JV Partners		245
6.7 Minority Protection and Control Rights		245
6.8 Applicable Law and Dispute Resolution in International JVs		245
7. The JV Board		246
7.1 Board Structure		246
7.2 Duties and Functions of JV Boards and Directors		246
7.3 Conflicts of Interest		247
8. IP and ESG		247
8.1 Ownership and Use of IP		247
8.2 Licensing v Assignment of IP Rights		247
8.3 ESG Considerations in JVs		247
9. Exit Strategies and Termination		248
9.1 Termination of a JV		248
9.2 Asset Redistribution and Transfers		248
9.3 Exit Strategy		248

Powered by