Hi All,
My potential JV partner went to a lawyer for independent legal council but unfortunately was advised the jv partnership agreement was not fair enough in his opinion for her to participate in. The JV agreement is pretty much the standard one Barry McGuire posted as a template with a few modifications, mostly to expand the number of money partner to be involved in the same venture, nothing outlandish.
I suspect this lawyer is not familiar with the concept of jv partnerships, splits of the responsibilities and risk for the RE expert and money partner so being conservative, advised her against participating in something he doesn`t understand. Nothing wrong with that...he is doing his job to the best of his knowledge, but unfortunately, there are gaps in his knowledge.
The long and short of this is my jv partner was not disuaded from working with me but would like me to recommend a Vancouver lawyer familiar with the kind of jv partnerships we engage in to obtain her indpendent advice from.
Does anyone in the Vancouver region know a lawyer that is familiar with RE joint ventures that I can recommend her to?
Thanks in advance for your help.
Tony Wong
My potential JV partner went to a lawyer for independent legal council but unfortunately was advised the jv partnership agreement was not fair enough in his opinion for her to participate in. The JV agreement is pretty much the standard one Barry McGuire posted as a template with a few modifications, mostly to expand the number of money partner to be involved in the same venture, nothing outlandish.
I suspect this lawyer is not familiar with the concept of jv partnerships, splits of the responsibilities and risk for the RE expert and money partner so being conservative, advised her against participating in something he doesn`t understand. Nothing wrong with that...he is doing his job to the best of his knowledge, but unfortunately, there are gaps in his knowledge.
The long and short of this is my jv partner was not disuaded from working with me but would like me to recommend a Vancouver lawyer familiar with the kind of jv partnerships we engage in to obtain her indpendent advice from.
Does anyone in the Vancouver region know a lawyer that is familiar with RE joint ventures that I can recommend her to?
Thanks in advance for your help.
Tony Wong