This article posted on our partner site discusses implied fiduciary duties into joint venture agreements, specifically the duties to act in good faith and to not misuse venture revenues. The author uses the first U.K. Court of Appeal decision that confirmed this legal principle to note that cautious drafters should clarify the scope of duties owed in the joint venture agreement itself in order to ensure that they will be enforced by courts.

This comes to you as a part of Clausehound’s exciting new collaboration with Mondaq!


–  –  –

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk. is a legal tool geared towards entrepreneurs, early-stage businesses and small businesses alike to help draft legal documents to make businesses more productive. Clausehound offers a $10 per month DIY Legal Library which hosts tens of thousands of legal clauses, contracts, articles, lawyer commentaries and instructional videos. Find where you see this logo.