What happens to joint venture assets when a joint venture is dissolved?

When a joint venture is dissolved, all of the assets that the joint venturers brought to the venture, as well as the assets that it had bought or acquired, must be divided between the joint venturers. This includes any investments, property, shares, etc. that the joint venture acquired. The court will usually take into account the contributions that each joint venturer made to the venture and distribute the assets accordingly. Before a joint venture is dissolved, each joint venturer should make sure that all of the assets are properly recorded and accounted for. This will make it easier to divide the assets in the event of dissolution. When the joint venture is dissolved, the court will decide who will get what assets, taking into account the contributions each joint venturer made. The court may also decide to divide the assets in-kind, meaning that each of the joint venturers will receive the actual assets, or it may decide to divide them in cash, meaning that each of the joint venturers will receive money instead of actual assets. Finally, the court can also award damages to the joint venturers if it finds that one of them has breached their fiduciary duty to the joint venture. This means that if one of the joint venturers acted in a way that was unfair or detrimental to the joint venture, the court can award the other joint venturer damages to make up for any losses.

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What happens to joint venture assets when a joint venture is dissolved?

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