It`s important to formalize your legal agreements, and a bespoke joint venture agreement will effectively outline the unique goals and management of your business, while the terms will determine who is responsible for what costs and how the profits will be distributed. Each organization also has different opportunities to prioritize and measure its effectiveness. These operational values are noticeable when farm managers “do a good job” such as a combination of produced quantities, standardization, flexible staff, quality standards met, adaptations produced, subsequent orders, etc. It is important to understand these differences in the organisations that make up the Joint Undertaking, in order to ensure viable agreements, the restoration of services and the implementation of appropriate measures and responses. At Lawbase, we understand that every business partnership is unique, so it`s important to avoid generic, often ambiguous and unenforceable models. If you want to protect your business agreements with a tailor-made custom partnership agreement, contact us today. Identify strategic logic and drivers. It is very likely that an organization and its JV partners have adopted two different approaches to the market in terms of their competitiveness. an undertaking may compete on the basis of economies of scale; another on the basis of an inexpensive offer, another on the basis of brand and marketing, another on the basis of distribution and service – and another on its product characteristics and design or a combination of them in different compositions. .