Expetitle Blog | A Florida Title Company

December 2, 2020

What is an Affiliate and Why Should You Consider One?

An Affiliated Business Arrangement (ABA) exists when two or more entities, usually a real estate company and a settlement service agency, in the position to refer sales participate in a business relationship with each other. A general ABA typically uses the joint venture structure, in which the real estate company refers business to settlement service agency, such as title and closing. It’s an arrangement in which two or more entities are in a position to refer business, like closing services, have an affiliate relationship with each other. Either party refers business to the service provider or influences the selection of that provider.

November 18, 2020

The Joint Venture Agreement

A joint venture (JV) is an arrangement between two or more entities to unite their skills and resources to achieve a common goal while sharing the associated profits, losses, risks, rewards. Each member in a JV agreement maintains control over and contributes to the business venture. Intent to participate in the joint venture is stated by the parties in a written joint venture agreement.

November 11, 2020

How to Start a Joint Venture

A joint venture is a business model allowing two or more parties to pool resources and work together towards a goal, either for a limited time or ongoing. The most common reasons for businesses to decide to enter into a joint venture include sharing resources, expanding into new markets, increasing market power. While in a joint venture, the parties involved maintain their independent business identity and simply agree to work together in a limited and specific way to achieve a common business goal.

November 5, 2020

Joint Venture Advantages and Disadvantages

A strategic joint venture (JV) is comprised of two or more partners combining their expertise and resources to achieve a particular goal through the creation of a new entity. The standalone business may have substantial potential for growth and innovative products and services. Nevertheless, a JV could mean wider reach, enhanced technical skills, added resources, and/or access to reliable distribution channels and markets.

October 29, 2020

Data Security in a Joint Venture

The increase of security breaches involving personally identifiable information (PII) has added to the loss of millions of records over the past few years. Violations involving PII are dangerous to individuals through blackmail and identity theft, while organizations can be liable for remediation costs and loss of company trust. Through the Gramm-Leach-Bliley Act, the Federal Trade Commission has required organizations to protect the confidentiality of personal information.

October 21, 2020

Joint Venture Term Sheets

A real estate joint venture (JV) is a deal between multiple parties to work together and combine resources to develop a real estate project. Most large projects are financed and developed as a result of real estate joint ventures. An agreement featuring all the terms and conditions to be followed by the partners in the real estate joint venture and how the process would be carried out is concluded between the partners in the joint venture. All of the parties involved in any joint venture agreement are held responsible for the costs, income, profits, and losses of the project.

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