Articles - Joint Venture Contracts (JVCs) among Current Negotiated Petroleum Contracts

Joint Venture Contracts (JVCs) among Current Negotiated Petroleum Contracts: A Literature Review of JVCs Development, Concept and Elements, Talal Al-Emadi

     A study of International Joint Venture Contracts (JVC) in the oil and gas industry. It reviews the development, concept and elements of a JVCs and examines its legal vehicles. The article establishes that the search for a single definition of a JVC is not important and shows that JVCs assume different legal forms or vehicles, e.g. partnership, limited partnership or limited liability company/corporation. The article also identifies the factors that influence parties when choosing the legal form that their joint venture contract will assume.

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