This article posted on our partner site Mondaq.com talks about how joint venturers may be found jointly and severally liable to their counterparties. Joint venturers should proactively plan for the arrangement between them for managing the JV operations and allocating risk and liability.
\nThis comes to you as a part of Clausehound’s exciting new collaboration with Mondaq!
","frontmatter":{"title":"Blog Bite: Why is an operating agreement important for protecting the joint venturer's individual interests?","date":"March 12, 2014","description":"This article posted on our partner site Mondaq.com talks about how joint venturers may be found jointly and severally liable to their counterparties.","author":{"id":"alina@clausehound.com","first":"Alina","last":null,"bio":null,"image":null},"tags":["Liability","Nature of Relationship","Joint Venture Agreement","Mondaq","Learn","UK"]}}},"pageContext":{"slug":"/blog-bite-why-is-an-operating-agreement-important-for-protecting-the-joint-venturers-individual-interests/","previous":{"fields":{"slug":"/blog-bite-is-an-entire-agreement-clause-enforceable-against-an-unsophisticated-party/"},"frontmatter":{"title":"Blog Bite: Is an entire agreement clause enforceable against an unsophisticated party?","tags":["Entire Agreement","Mondaq","Learn","Canada (ON)"],"author":{"id":"alina@clausehound.com","first":"Alina","last":null}}},"next":{"fields":{"slug":"/blog-bite-who-oversees-andor-does-all-the-work-in-operating-a-joint-venture/"},"frontmatter":{"title":"Blog Bite: Who oversees and/or does all the work in operating a joint venture?","tags":["Nature of Relationship","Joint Venture Agreement","Mondaq","Learn","UK"],"author":{"id":"alina@clausehound.com","first":"Alina","last":null}}}}}}