What due diligence should be undertaken when forming a joint venture?

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What are the legal liabilities associated with a joint venture?
Are there any restrictions on the use of a joint venture’s assets?
What are the advantages of joint ventures over other business structures?
Are there any restrictions on the wages a joint venture can pay its employees?
Are there any restrictions on the types of customers a joint venture can target?
Are there any restrictions on the sale of assets or shares in a joint venture?
What are the legal ramifications of a breach of contract in a joint venture?
Are there any limitations on what a joint venture can do?
What type of business entities can enter into a joint venture?
Who are the decision makers in a joint venture?

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