As a business owner, you may have heard of the term “joint venture agreement” – but do you know what it means? A joint venture agreement (JVA) is a legal agreement between two or more parties, often businesses, to work together on a specific project or collaboration. The purpose of a JVA is to outline the terms and conditions of the joint venture, including the responsibilities of each party, the financial contributions, and the expected outcome.

If you are considering entering into a joint venture agreement in Poland, it is important to ensure that the agreement is drafted carefully and thoroughly. Here are some key considerations to keep in mind when drafting a joint venture agreement in Poland:

1. Choose the right partner: Before entering into a joint venture agreement, it is important to carefully consider the partner you will be working with. You will want to choose a partner who shares your vision and values, and who has the skills and resources necessary to contribute to the project.

2. Define the scope of the project: It is important to define the scope of the joint venture project in detail. This should include a description of the project, the timeline for completion, and the expected outcome or deliverables.

3. Outline the financial contributions: The joint venture agreement should clearly outline the financial contributions of each party, including any initial investments and ongoing contributions. It is important to consider factors such as profit-sharing and how costs and expenses will be divided.

4. Address the issue of intellectual property: If the joint venture involves the creation of intellectual property, it is important to address how ownership and rights to the intellectual property will be divided between the parties.

5. Include dispute resolution provisions: In any business agreement, disputes may arise. It is important to include provisions for resolving disputes, such as mediation or arbitration, to avoid costly and time-consuming litigation.

In addition to these key considerations, it is important to ensure that your joint venture agreement complies with all relevant laws and regulations in Poland. This may include labor laws, tax laws, and other regulations specific to your industry or sector.

Overall, a joint venture agreement can be a valuable tool for businesses looking to work together on a specific project or collaboration. By carefully considering the key considerations and working with an experienced legal professional, you can ensure that your joint venture agreement is clear, comprehensive, and legally sound.