Legal Issues in Corporate Partnerships and Joint Ventures

Shivi Bhatnagar

doi:10.55544/ijrah.4.1.17

Authors

Shivi Bhatnagar Advocate, Supreme Court, Delhi, INDIA.

DOI:

https://doi.org/10.55544/ijrah.4.1.17

Keywords:

Legal issues, Corporate partnerships, Joint ventures

Abstract

This research paper aims to comprehensively explore the multifaceted legal issues associated with corporate partnerships and joint ventures. As businesses increasingly turn to collaboration strategies to achieve mutual growth and competitive advantages, understanding the legal intricacies becomes paramount. This paper delves into the legal frameworks governing corporate partnerships and joint ventures, highlighting potential pitfalls and offering insights into best practices for effective risk management. By analyzing relevant legal precedents, the paper aims to provide a thorough understanding of the legal challenges that arise in these collaborative endeavors and proposes strategies for mitigating risks.

Downloads

Download data is not yet available.

Metrics

Metrics Loading ...

References

Aaron, Jarden & Rashid, Tayyab & Roache, Annalise & Lomas, Tim. (2021). Ethical guidelines for positive psychology practice (English: Version 2). International Journal of Wellbeing. 11. 10.5502/ijw.v11i3.1819.

Abdallah, Mohammad & Salah, Mousa. (2023). Artificial Intelligence and Intellectual Properties: Legal and Ethical Considerations. International Journal of Intelligent Systems and Applications in Engineering. 12. 368-376.

Aggarwal VA, Siggelkow N, Singh H (2011) Governing collaborative activity: interdependence and the impact of coordination and exploration. Strateg. Manag. J. 32(7):705–730.

Ahmed, R. (2017). Risk Mitigation Strategies in Innovative Projects. InTech. doi: 10.5772/intechopen.69004

Alaloul, Wesam & Hasaniyah, Mohammed & Tayeh, Bassam. (2019). A comprehensive review of disputes prevention and resolution in construction projects. MATEC Web of Conferences. 270. 05012. 10.1051/matecconf/201927005012.

Arjoon, Surendra. (2005). Corporate Governance: An Ethical Perspective. Journal of Business Ethics. 61. 343-352. 10.1007/s10551-005-7888-5.

Ausaf, Ahmad & Khan, Noor. (2023). Exploring diversity, equity, and inclusion (dei) in the context of human resource management. Anveshak-International Journal of Management. 53.

Baykal, Elif. (2019). Transparency in Financial Communication. 10.4018/978-1-5225-9265-5.ch006.

Beamish, Paul & Lupton, Nathaniel. (2009). Managing Joint Ventures. Academy of Management Perspectives, The. 23. 75. 10.5465/AMP.2009.39985542.

Bhagyamma G and Ramesh (2023) Exploring Key Contractual Clauses for Joint Ventures under Indian Commercial Laws. International Journal of Law Management & Humanities, (2023), Vol. 6 Iss 2; 2993

Bingöl, Dursun & Begeç, Suat. (2020). Managing International Alliances: Joint Ventures: A Case Study. Open Journal of Social Sciences. 08. 538-552. 10.4236/jss.2020.84039.

Bogers, M., Chesbrough, H., Heaton, S., & Teece, D. J. (2019). Strategic Management of Open Innovation: A Dynamic Capabilities Perspective. California Management Review, 62(1), 77-94. https://doi.org/10.1177/0008125619885150

Bowen, Shannon. (2009). Ethical responsibility and guidelines for managing issues of risk and risk communication. Handbook of risk and crisis communication. 343-363.

Burnett, Jennifer & Lisk, Timothy. (2019). The Future of Employee Engagement: Real-Time Monitoring and Digital Tools for Engaging a Workforce. International Studies of Management & Organization. 49. 108-119. 10.1080/00208825.2019.1565097.

Can Saglam, Yeşim & Çankaya, Sibel & Sezen, Bulent. (2020). Proactive risk mitigation strategies and supply chain risk management performance: an empirical analysis for manufacturing firms in Turkey. Journal of Manufacturing Technology Management. ahead-of-print. 10.1108/JMTM-08-2019-0299.

Channon, Derek & Sammut-Bonnici, Tanya. (2015). Joint Ventures. 10.1002/9781118785317.weom120048.

Choudry, Mohsin & Latif, Aishah & Hamilton, Leslie & Leigh, Bertie. (2016). Documenting the process of patient decision making: a review of the development of the law on consent. Future hospital journal. 3. 109-113. 10.7861/futurehosp.3-2-109.

Corvello, Vincenzo & Cimino, Antonio & Felicetti, Alberto. (2023). Building Start-Up Acceleration Capability: A Dynamic Capability Framework for Collaboration with Start-Ups. Journal of Open Innovation: Technology, Market, and Complexity. 9. 100104. 10.1016/j.joitmc.2023.100104.

Costa, Eric & Soares, António & Pinho de Sousa, Jorge. (2017). Institutional networks for supporting the internationalisation of SMEs: the case of industrial business associations. Journal of Business & Industrial Marketing. 32. 1182-1202. 10.1108/JBIM-03-2017-0067.

Deigh, Linda & Dawes Farquhar, Jillian & Palazzo, Maria & Siano, Alfonso. (2016). Corporate social responsibility: engaging the community. Qualitative Market Research: An International Journal. 19. 225-240. 10.1108/QMR-02-2016-0010.

Downey, Stephanie & van der Werff, Lisa & Thomas, Kecia & Plaut, Victoria. (2015). The role of diversity practices and inclusion in promoting trust and employee engagement. Journal of Applied Social Psychology. 45. 35-44. 10.1111/jasp.12273.

Edgar, Boo & Abouzeedan, Adli & Hedner, Thomas & Maack, Karl & Lundqvist, Mats. (2013). Using scenario planning in regional development context: the challenges and opportunities. World Journal of Science, Technology and Sustainable Development. 10. 103-122. 10.1108/20425941311323118.

Emami A, Welsh DHB, Davari A, Rezazadeh A(2022). Examining the relationship between strategic alliances and the performance of small entrepreneurial firms in telecommunications. Int Entrep Manag J. 2022;18(2):637–62. doi: 10.1007/s11365-021-00781-3. Epub 2022 Jan 14. PMCID: PMC8758215.

Fon, Elvis & Yongabi, Kenneth & N'jai, Alhaji & Alawuba, Oly & Wirnkor, Verla & Ezenwa, C & Uwaezuoke, J & Nwadike, C. (2023). Bridging Academic Borders: Unleashing the Power of Transborder Scientific Collaboration for Africa Development. Research and Reviews on Healthcare: Open Access Journal. 8. 993-999. 10.32474/RRHOAJ.2023.08.000294.

Fulena, Viraj & Chittoo, Hemant. (2023). International Commercial Litigation and Arbitration Research Essay. International Journal of Social Science and Human Research. 06. 10.47191/ijsshr/v6-i2-70.

Groton, James & Haapio, Helena. (2007). From Reaction to Proactive Action: Dispute Prevention Processes in Business Agreements.

Gulati, Ranjay & Sytch, Maxim & Mehrotra, Parth. (2008). Breaking Up is Never Easy: Planning for Exit in a Strategic Alliance. California Management Review. 50. 10.2307/41166460.

Gulati, Ranjay & Wohlgezogen, Franz & Zhelyazkov, Pavel. (2012). The Two Facets of Collaboration: Cooperation and Coordination in Strategic Alliances. The Academy of Management Annals. 6. 1-53. 10.1080/19416520.2012.691646.

Hagedoorn, J. (2003). Sharing Intellectual Property Rights—An Exploratory Study of Joint Patenting amongst Companies. Industrial and Corporate Change, 12(5), 1035-1050.

Hashmi, Mustafa & Governatori, Guido & Lam, Ho-Pun & Wynn, Moe. (2018). Are We Done with Business Process Compliance: State-of-the-Art and Challenges Ahead. Knowledge and Information Systems. 57. 10.1007/s10115-017-1142-1.

Havighurst, C. C. (1988). Applying Antitrust Law to Collaboration in the Production of Information: The Case of Medical Technology Assessment. Law and Contemporary Problems, 51(2), 341–379. https://doi.org/10.2307/1191734

Havighurst, Clark C., and Peter M. Brody. (1994) “Accrediting and the Sherman Act.” Law and Contemporary Problems, vol. 57, no. 4, 1994, pp. 199–242. JSTOR, https://doi.org/10.2307/1192063. .

Hietanen-Kunwald, P., & Haapio, H. (2021). Effective dispute prevention and resolution through proactive contract design. Journal of Strategic Contracting and Negotiation, 5(1-2), 3-23. https://doi.org/10.1177/20555636211016878

Hoicka, Christina & Coutinho, Aline & Zhao, Yuxu & Conroy, Jessica. (2022). Philanthropic organisations advancing equity, diversity and inclusion in the net-zero carbon economy in Canada. 10.13140/RG.2.2.28861.74721.

Ioan, M., & Bent, D. (2012). Risk Management in Collaborative Systems. InTech. doi: 10.5772/50844

Itam, Urmila & Bagali, M.M.. (2018). Diversity and Inclusion Management: A Focus on Employee Engagement. 10.4018/978-1-5225-4933-8.ch009.

Johnson, Michael & Chichirau, George. (2020). Diversity, Equity, and Inclusion in Operations Research and Analytics: A Research Agenda for Scholarship, Practice, and Service. 10.1287/educ.2020.0214.

Kabangire, Julius & Korir, Prof. (2023). Innovation and Creativity in Hospitality Management. Journal of Hospitality and Tourism. 3. 20-41. 10.47672/jht.1666.

Kamkankaew, Pongsiri & Meesubthong, Chatcharawan & Sawang, Kotchaporn. (2023). Decoding, Connecting and Converting Cultural Understanding and Consumer Behavior: The Imperative of Applying Anthropology in Marketing Management. International Journal of Sociologies and Anthropologies Science Reviews. 3. 10.60027/ijsasr.2023.3341.

Kim, Bokyung. (2017). Transparent Communication Efforts inspire confident, even greater, employee performance.

Kinderis, Remigijus & Jucevicius, Giedrius. (2013). STRATEGIC ALLIANCES – THEIR DEFINITION AND FORMATION. Latgale National Economy Research. 1. 106. 10.17770/lner2013vol1.5.1155.

Krewski, Daniel & Sh, Patrick & Larkin, Patricia & Westphal, Margit & Tyshenko, Michael G. & Leiss, William & Dusseault, Maurice & Jerrett, Michael & Coyle, Doug. (2022). Principles of risk decision-making. Journal of Toxicology and Environmental Health, Part B. 25. 1-29. 10.1080/10937404.2022.2107591.

Künzel, Matthias & Kraus, Tom & Straub, Sebastian. (2020). Collaborative Engineering - Characteristics and Challenges of Cross-Company Partnerships in the Integrated Engineering of Products and Supporting Services.

Kyove J, Streltsova K, Odibo U, Cirella GT(2021). Globalization Impact on Multinational Enterprises. World. 2021; 2(2):216-230. https://doi.org/10.3390/world2020014

Leering, Michele. (2017). Enhancing the legal profession’s capacity for innovation: The promise of reflective practice and action research for increasing access to justice. Windsor Yearbook of Access to Justice. 34. 189. 10.22329/wyaj.v34i1.5012.

Mariani, L., Trivellato, B., Martini, M. (2022) Achieving Sustainable Development Goals Through Collaborative Innovation: Evidence from Four European Initiatives. J Bus Ethics 180, 1075–1095 (2022). https://doi.org/10.1007/s10551-022-05193-z

Marx, Matt & Fleming, Lee. (2012). Non-compete Agreements: Barriers to Entry … and Exit?. Innovation Policy and the Economy. 12. 39-64. 10.1086/663155. Kim, Bokyung. (2017). Transparent Communication Efforts inspire confident, even greater, employee performance.

Meyer, K.E., Li, J., Brouthers, K.D. (2023). International business in the digital age: Global strategies in a world of national institutions. J Int Bus Stud 54, 577–598 https://doi.org/10.1057/s41267-023-00618-x

Mishra, Anjay & Aithal, Sreeramana. (2023). Building Ethical capital through Human Resources. 2581-6012. 10.5281/zenodo.7519862.

Naimoli, J.F., Perry, H.B., Townsend, J.W. (2015) Strategic partnering to improve community health worker programming and performance: features of a community-health system integrated approach. Hum Resour Health 13, 46. https://doi.org/10.1186/s12960-015-0041-3

Neal, S. & Cole, J. & Linington, Peter & Milosevic, Zoran & Gibson, Simon & Kulkarni, Sandeep. (2003). Identifying requirements for Business Contract Language: a Monitoring Perspective. Proceedings - IEEE International Enterprise Distributed Object Computing Workshop, EDOCW. 2003. 50- 61. 10.1109/EDOC.2003.1233837.

Ng, Irene & Ding, Xin & Yip, Nick. (2013). Outcome-based contracts as new business model: The role of partnership and value-driven relational assets. Industrial Marketing Management. 42. 730–743. 10.1016/j.indmarman.2013.05.009.

Nippa, M., Reuer, J.J. On the future of international joint venture research. J Int Bus Stud 50, 555–597 (2019). https://doi.org/10.1057/s41267-019-00212-0

Palys, Ted & Lowman, John. (2014). Ethical and Legal Strategies for Protecting Confidential Research Information. Canadian journal of law and society. 15. 39-80. 10.1017/S0829320100006190.

Pelc, Krzysztof. (2009). Seeking Escape: The Use of Escape Clauses in International Trade Agreements. International Studies Quarterly. 53. 349 - 368. 10.1111/j.1468-2478.2009.00537.x.

Prior, Kristian & Brunk, Hans. (2022). Sustainable Initiatives and Due Diligence in the EU Supply Chain. 10.13140/RG.2.2.11019.57129.

Ramanathan, Ramakrishnan & He, Qile & Black, Andrew & Ghobadian, Abby & Gallear, David. (2016). Environmental regulations, innovation and firm performance: A revisit of the Porter hypothesis. Journal of Cleaner Production. 155. 10.1016/j.jclepro.2016.08.116.

Savale, Sagar. (2018). INTELLECTUAL PROPERTY RIGHTS (IPR). 10.20959/wjpps20166-7102.

Schnackenberg, Andrew & Tomlinson, Edward. (2014). Organizational Transparency: A New Perspective on Managing Trust in Organization-Stakeholder Relationships. Journal of Management. 42. 10.1177/0149206314525202.

Schubert, T.. (2015). Infringement of intellectual property in innovation partnerships: IP infringement in innovation partnerships. R&D Management. 46. 10.1111/radm.12128.

Suryani, Nanik & Rustiana, Ade & Muhsin, Muhsin & Rahmaningtyas, Wisudani. (2019). Diversity perspectives in teamwork. International Journal of Research in Business and Social Science (2147- 4478). 9. 24-30. 10.20525/ijrbs.v9i1.607.

Susarla, Anjana. (2011). Contractual Flexibility, Rent Seeking and Renegotiation Design: An Empirical Analysis of Information Technology Outsourcing Contracts. Management Science. 58. 10.2307/41499563.

Taylor, Jackie. (2004). Drafting Intellectual Property Joint Venture Agreements with an Eye Toward Termination. Pittsburgh Journal of Technology Law and Policy. 4. 10.5195/tlp.2004.10.

Todeva, Emanuela & Knoke, David. (2005). Strategic Alliances and Models of Collaboration. International Management, Strategy and Enterprise Research. 43. 10.1108/00251740510572533.

Vochozka, Marek & Máška, Jiří & Kovač, Vilém. (2023). Role of due diligence in business takeover. Ekonomia i Prawo. 22. 635-654. 10.12775/EiP.2023.034.

Yue, C. April & Men, Linjuan & Ferguson, Mary Ann. (2019). Bridging transformational leadership, transparent communication, and employee openness to change: The mediating role of trust. Public Relations Review. 45. 10.1016/j.pubrev.2019.04.012.