Joint ventures can serve a variety of purposes, with
sureties playing a crucial role; but the parties involved must make sure the
arrangement is legal, says Adrian L. Bastianelli, III, Co-Managing Partner of the national construction law firm of Peckar & Abramson in Washington, DC.
Bastianelli and Michael C. Zisa, a Partner and Chair of the
Surety Practice Group at Peckar & Abramson, will lead a continuing
education presentation on joint ventures at NASBP's 2016 Annual Meeting May
15-18, in Colorado Springs, CO.
One important purpose of a joint venture is to spread risk
among contractors who are willing to share profits, ...