Chapter 8 describes some of the decisions that a public sector body needs to make in establishing the JV and its business, to help ensure that the structure fulfils the public sector body's objectives and offers a deliverable commercial solution. In particular it covers: • the Joint Venture agreement; • types of equity participation; • distribution policy; • potential deadlock and general dispute resolution procedures; • strategies and controls for the participants to exit the JV entity; and • commercial insurance. The issues set out below apply equally to companies and partnerships. |