Minority Protections in Joint Ventures | Practical Law
A Practice Note describing contractual rights and protections for non-controller parties acquiring less than a majority of the voting securities of a joint venture entity (JV). This Note addresses minority JV party veto (sometimes also referred to as consent or blocking) rights, financial reporting and other affirmative covenants, governance rights, preemptive rights, put options, and other exit and liquidity rights and mechanisms that affect minority JV parties.