Five joint venture checks before capital moves
Commercial checks Victorian operators use before funding a shared project or market entry.
Capital locks in assumptions. Before money leaves the account, confirm who controls day-to-day spend, who can pause the project, and how losses are absorbed if timelines slip.
Check contribution parity in cash and in kind. A partner supplying land or licences may expect voting weight equal to a cash investor; that expectation needs an explicit answer, not a polite nod.
Map decision gates: hiring, supplier contracts, marketing spend, and exit. Ambiguous gates produce quiet resentment long before formal dispute.
Ask counsel to review the commercial memo after partners agree on substance. Sequence matters. Negotiation support and a short alignment review often save months of circular redlines later.