Effective Trial Teams: Opportunity With Joint Venture & Associating Counsel

Kevin BiniazanJanuary 21, 2022

Associating Counsel is a valuable asset to joint ventures. It is also beneficial for clients to have an outside perspective on the project, which can help avoid misunderstandings and mistakes. Associating counsel can be very efficient and convenient, but it is important to remember that they cannot act for another client while the joint venture is being formed and rolling out. That means that you need to have a separate attorney for your company.

The Virginia State Bar has specific rules about associating counsel and joint ventures. These rules encourage appropriate relationships between lawyers and law firms. There are also certain requirements that must be met in order for the venture to be valid. Nonetheless, associating counsel and joint ventures can be a great asset to the clients. In addition to being a valuable resource, these relationships can also help clients in a time of need.

In addition to legal services, an attorney can also translate joint venture agreements for new and existing businesses. If you have a contract with another company, you need an attorney who can help ensure that it is legally binding and fair. You can find a business attorney who has experience in joint ventures by posting your project requirements on a marketplace like ContractCounsel. There, you’ll get multiple proposals from different lawyers.

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