| Preface |
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viii | |
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1 | (10) |
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1 | (1) |
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1.2 The structure of incentive bargaining in joint ventures |
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2 | (1) |
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1.3 Synergies and intellectual property |
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3 | (2) |
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5 | (2) |
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1.5 The success and future of joint ventures |
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7 | (4) |
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PART I INCENTIVE BARGAINING |
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2 Conflicts and risks in joint ventures: premises of incentive bargaining |
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11 | (18) |
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2.1 Conflicts in joint ventures |
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12 | (12) |
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2.2 Risks of participating in a joint venture |
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24 | (3) |
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2.3 Methods of motivating partners to provide capital to one another |
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27 | (2) |
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3 Bargaining over sharing control |
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29 | (8) |
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3.1 Bargaining over voting rights |
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29 | (2) |
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3.2 Bargaining over composition of the board of directors and management appointments |
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31 | (1) |
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3.3 Bargaining over sharing of veto rights |
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32 | (2) |
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3.4 Bargaining over rights to information disclosure |
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34 | (1) |
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3.5 Bargaining over exit rights |
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35 | (2) |
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4 Bargaining over sharing total return |
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37 | (15) |
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4.1 Three types of return |
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37 | (1) |
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38 | (2) |
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4.3 Return from transactions |
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40 | (8) |
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48 | (4) |
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5 Bargaining over exit rights |
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52 | (19) |
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5.1 The significance and idiosyncrasies of exit rights in incentive bargaining |
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52 | (3) |
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55 | (3) |
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5.3 Bargaining over exit conditions |
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58 | (1) |
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5.4 Methods of exit provided by law |
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58 | (2) |
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5.5 Valuation of ownership interests |
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60 | (3) |
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5.6 Post-exit arrangements |
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63 | (3) |
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66 | (5) |
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PART II SYNERGIES AND INTELLECTUAL PROPERTY |
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71 | (16) |
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6.1 Definition of synergies |
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71 | (4) |
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6.2 Classification of joint ventures by objective |
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75 | (7) |
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82 | (2) |
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6.4 Reasons for creating a JV company in addition to a contractual alliance |
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84 | (3) |
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7 Intellectual property and incentive bargaining |
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87 | (28) |
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7.1 Planning related to human capital contributions to joint ventures |
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87 | (9) |
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7.2 Acquisition of control through IP rights |
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96 | (1) |
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7.3 IP rights as a means of sharing total return |
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97 | (4) |
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101 | (2) |
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103 | (12) |
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PART III STAGED BARGAINING |
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8 Pre-contract bargaining |
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115 | (17) |
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8.1 Joint venture lifecycle: four stages |
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115 | (1) |
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8.2 Preparatory stage: pre-contract bargaining |
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116 | (10) |
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126 | (6) |
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9 Legal measures for finalizing bargains |
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132 | (12) |
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9.1 Joint venture agreement |
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132 | (2) |
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9.2 Ancillary agreements concerning transactions with the joint venture |
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134 | (1) |
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9.3 Agreement regarding joint venture governance and organizational law |
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135 | (5) |
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9.4 Joint venture's charter/articles of incorporation |
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140 | (4) |
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10 Post-contract bargaining |
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144 | (14) |
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10.1 Monitoring during the operational stage |
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144 | (1) |
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10.2 Need for renegotiation between partners |
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145 | (4) |
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10.3 Renegotiation during the operational stage |
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149 | (4) |
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10.4 Renegotiation at the termination stage |
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153 | (2) |
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10.5 Joint venture funding methods and renegotiation |
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155 | (3) |
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11 Cost-centers, profit-centers, and human capital provider autonomy |
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158 | (11) |
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11.1 Cost-center versus profit-center |
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158 | (5) |
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11.2 Monitoring and the autonomy of human capital providers |
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163 | (6) |
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12 Termination of the joint venture |
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169 | (16) |
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12.1 Termination by agreement |
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169 | (1) |
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12.2 Termination without agreement |
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169 | (5) |
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12.3 Practical issues relating to joint venture termination |
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174 | (11) |
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PART IV THE SUCCESS AND FUTURE OF JOINT VENTURES |
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13 Successful joint ventures: avoiding common joint venture pitfalls |
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185 | (9) |
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13.1 Types of joint venture failure |
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185 | (2) |
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13.2 Causes of organizational management failure |
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187 | (2) |
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13.3 Preventing and resolving organizational management failures |
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189 | (3) |
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13.4 The bottom line: creating a sustainable joint venture |
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192 | (2) |
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14 New trend: hybridization of joint venture agreements and venture capital investment agreements |
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194 | (14) |
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14.1 Contractual organizations |
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194 | (1) |
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14.2 Comparison between joint venture agreements and venture capital investment agreements |
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195 | (2) |
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14.3 Strategic alliances in pursuit of technological innovation |
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197 | (7) |
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14.4 Strategic alliances between venture capitalists and large corporations acting as strategic investors |
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204 | (4) |
| Appendix 1 |
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208 | (3) |
| Appendix 2 |
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211 | (91) |
| References |
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302 | (5) |
| Index |
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307 | |