Baltimore, Maryland resident John Reiff leverages decades of legal experience to inform his work as an attorney specializing in real estate. John Reiff also serves as a managing member of Land Research Associates in Baltimore, where he oversees real estate development projects and joint venture initiatives.
A joint venture business arrangement involves two or more parties that partner to complete a new project or business objective. Joint ventures, which can assume any legal business structure, allow the parties to retain their business identities while creating a separate entity. Once a joint venture is established through a contractual agreement, the parties contribute assets or resources in pursuit of a shared goal.
In addition to leveraging the combined resources of several companies, joint ventures provide cost savings through economies of scale. For example, two companies might partner to improve production process efficiency and achieve a lower per-unit development cost.
Joint ventures also allow companies to enter into strategic partnerships and access the unique expertise or skill-sets of another company. This allows a company to strengthen internal areas of weakness while sharing expertise in another area.
A joint venture business arrangement involves two or more parties that partner to complete a new project or business objective. Joint ventures, which can assume any legal business structure, allow the parties to retain their business identities while creating a separate entity. Once a joint venture is established through a contractual agreement, the parties contribute assets or resources in pursuit of a shared goal.
In addition to leveraging the combined resources of several companies, joint ventures provide cost savings through economies of scale. For example, two companies might partner to improve production process efficiency and achieve a lower per-unit development cost.
Joint ventures also allow companies to enter into strategic partnerships and access the unique expertise or skill-sets of another company. This allows a company to strengthen internal areas of weakness while sharing expertise in another area.
