Creating a joint venture has many advantages, including: does competition law affect joint ventures? Competition law has an impact on some joint ventures and non-compliance with competition law can have serious financial consequences for the business and personal repercussions for the company`s managers. In order for the Joint Undertaking to own the intellectual property created by the Joint Undertaking, known as the `new intellectual property`, the parties to the Joint Undertaking must agree whether and, if so, under what conditions this investigation period will be granted. The joint venture partners may require that the `new intellectual property` be owned by one of the parts of the joint venture (in particular if the intellectual property created by the joint venture is derived from intellectual property licensed to the joint venture), whereas such agreements must comply with competition law. The difference between a consortium and a joint venture is that a consortium cannot be constituted as a legal person. . . .
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