The most common structures employed to constitute a Joint Venture (JV) are:
a) Unincorporated Joint Venture (UIJV) which include Cooperation Agreement/Strategic Alliances/Consortium. UIJV is preferable as no separate entity is required to be formed in case of UIJV. Merely, an Unincorporated Joint Venture Agreement is required to be entered among the parties.
b) Incorporated Joint Venture which include either Company or Limited Liability Partnership (LLP)