Once completed, the checklist can then be signed as non-binding heads of terms.
The next steps would often include obtaining tax advice to confirm the proposed structure, and preparing suitable legally binding documents. In the case of a joint venture structured as a UK special purpose company, for example, the legally binding documents would often include a shareholders agreement, articles of association and a charge over the relevant property in favour of the investor.
We would like to thank all those who have kindly contributed their suggestions and comments to this document.
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