NOTES FROM THE EDITOR

NOTES FROM THE EDITOR

In the first article, Construction Joint Ventures-Essential Terms, Representation Issues, and Potential Claims, authors John I. Spangler and Deborah Cazan note that, "[b]y forming a joint venture, contractors pool their expertise, resources, and financial wherewithal to jointly perform the proj...

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Bibliographic Details
Published in:The Construction Lawyer Vol. 42; no. 2; pp. 3 - 13
Main Author: Catoe, Lauren
Format: Trade Publication Article
Language:English
Published: Chicago American Bar Association 01-10-2022
Subjects:
Bonded joints
Construction industry
Contractors
Disputes
Joint ventures
Labor shortages
Limited partnerships
Private equity
Online Access:Get full text
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Summary:In the first article, Construction Joint Ventures-Essential Terms, Representation Issues, and Potential Claims, authors John I. Spangler and Deborah Cazan note that, "[b]y forming a joint venture, contractors pool their expertise, resources, and financial wherewithal to jointly perform the project and share the resulting benefits and risks." When a joint venture relationship is being considered by a client, there are certain business-related concepts the client and their lawyer should ensure are properly addressed in the joint venture agreement between the client and their venture partner(s), such as: the scope of the joint venture; ownership interests and the sharing or profits and losses; capital contributions; management of the joint venture; staffing the joint venture; insurance and bonding; costs chargeable to the joint venture by the joint venture partners; financial controls; defaults; and dispute resolution. [...]not least, this issue includes a lovely In Memoriam for past Forum chair and recipient of the Forum's Cornerstone Award for Lifetime Achievement, Hugh Reynolds Jr.
ISSN:0272-0116