1. Everyone Should Sign a Non-Disclosure Agreement...
All parties involved will undoubtedly be sharing a lot of sensitive and "trade secret" information throughout the course of the partnership, and this is only good business practice in general.
Now, that said, it's very important that you don't "jump the gun" on this one. Make sure the partnership is already "rolling" before you suggest sign in a NDA. Reason being, nothing will kill a deal faster than a bunch of intimidating legal forms, agreements and stipulations - and attorneys.
So be cautious, yes, but also be "tactful".
2. Write up a Specific and DETAILED JV Agreement...
This is a very extensive topic, and is better left to the "pros". However, I will say that at the very least, your agreement should cover the following key points:
* How long will the partnership last? Indefinitely?
* What will invoke a termination?
* How and when will payment take place?
* What are the allowances in terms of PR in regards to your partnership?
* Who is responsible for what? (BE SPECIFIC, DETAILS DO MATTER!)
* How will you handle refunds, chargeback’s and losses?
* What will happen when the partnership ends?
Now, this is obviously NOT the "ultimate agreement checklist" by any means. You need professional advice to ensure the legitimacy and protective qualities of your JV agreement.
And of course, we always recommend that you consult a licensed attorney in regards to drafting a legal agreement of any kind.
Note: You can actually download JV agreement templates that you can use as a guide from JV-Web. Go to JV Agreements >>
3. Trust Your "Gut Feelings"...
If you feel like something's awry, confront your partner about it right away. Never mind if you offend them, it will be the least of your worries, and if they're trustworthy, they'll understand your concern anyway.
If you sense that something just isn't right - then you're probably right.For more useful tips & hints, please browse for more information at our website:-
http://www.reprintarticlesite.com
http://www.seo.reprintarticlesite.com