DBE/ACDBE Participation in Joint Ventures - Metropolitan ...
DBE/ACDBE Participation in Joint Ventures - Metropolitan ...
DBE/ACDBE Participation in Joint Ventures - Metropolitan ...
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• Ownership Interests<br />
– Establishes each parties ownership<br />
<strong>in</strong>terest <strong>in</strong> the JV<br />
• Scope of Jo<strong>in</strong>t Venturer’s s Authority<br />
– Establishes rules regard<strong>in</strong>g the<br />
authority of the parties to do act on<br />
behalf of the JV, <strong>in</strong>clud<strong>in</strong>g borrow<strong>in</strong>g<br />
money, <strong>in</strong>curr<strong>in</strong>g obligations, etc.<br />
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