Joint Venture Service Level Agreements
If you or your company is looking to set up a joint venture with other companies or individuals, Blackstone Solicitors can provide all of the expert legal assistance you need, advise on the legal due diligence process that is required and guide you as to the required service level agreement (SLA) within the company structure. We have considerable experience in this area of law and can advise you throughout the process. We can also help with any relevant documentation to ensure you achieve everything you are hoping to through any agreement you make and the requirements and contents of the SLA.
Speak to our joint venture solicitors today to find out more about how we can assist you and your business. Call us on 0345 901 0445 or allow us to call you back by completing our online enquiry form.
We place a huge emphasis on getting things done properly and efficiently. This is also true when providing legal advice concerning joint ventures and service level agreements; we have vast experience of drawing up joint venture agreements in multiple business sectors, doing so comprehensively and ensuring all of the necessary provisions for each party are properly set out, fulfilling every aim and objective whatever the preferred structure is.
The Difference Between A Contract And A Service Level Agreement
Typically a contract is defined as an agreement between two or more parties, especially one that is written and enforceable by law. This legal document outlines the services provided, duration, cost, resources, approach, assumptions, etc. An SLA would focus only on the performance measuring and service quality agreed to by both parties and may be used as a measurement tool as part of the contract.
The rationale for having a separate SLA document is that you can revise the SLA without having to revise the contract. This is an important consideration. The contract can just refer to the agreed SLA. The contract might then last for a fixed number of years but the SLA may be reviewed periodically. This reduces the administrative burden of reviewing the contract too frequently.
Regardless of the nature and complexity of any proposed joint venture, our solicitors have the experience and specialist knowledge to help you achieve an outcome that is both fair and beneficial. We will take the time to make sure you fully understand the service level agreement and its objectives, as well as what is expected of each party to the joint venture.
Why Legal Help is Important
The SLA should include not only a description of the services to be provided and their expected service levels, but also metrics by which the services are measured, the duties and responsibilities of each party, the remedies or penalties for breach, and a protocol for adding and removing. SLAs and Joint ventures can be complex and it is therefore essential that the terms are in your best interests and the joint venture agreement and SLA are drawn up in such a way that it meets your particular objectives.
At Blackstone, we can help to ensure the agreement is fair and gives you the very best chance of achieving the outcome you are looking for. Joint ventures and their service level agreements can cover a wide range of collaborative business arrangements, each with their own specific requirements and intricacies. It is therefore imperative that you seek expert legal help to ensure any joint venture you are involved in, whether as a co-owner or an investor, is suitable and correct and that thorough legal due diligence is carried out prior to any agreement.
We provide various services for individuals and companies looking to set up a joint venture agreement and drafting a specific service level agreement for various business sectors.
Get in Touch
Find out more about our services and how our joint venture solicitors can help you and your business by getting in touch today. Simply call us on 0345 901 0445 or complete our online enquiry form and a member of the team will call you back at a convenient time.
We are able to help business throughout the North West – including Manchester and Chester – as well as the rest of the UK, from our offices in Cheshire and London.