SBA Joint Venture Agreement Lawyers Helping Federal Contractors Nationwide 1(866)-601-5518.
Small businesses contemplating entering into a formal joint venture agreement (JV agreement )should be aware of the pitfalls and complex SBA joint venture regulations (13 CFR 124.513).
Nationwide Help: With law offices in Washington, D.C. and Colorado, the federal joint venture consultants and government contract lawyers at Watson & Associates, LLC frequently provide drafting and review services to small businesses and potential JV partners. Our goal is to make sure that participants not only meet the statutory requirements but also to understand their respective roles in the joint venture relationship.
SBA Joint Venture Consulting Services
Help at the bid preparation phase. Clients utilize our expertise at the beginning of the bidding process to assess the details of the joint venture relationship and provide guidance.
With over 30 years experience in federal procurement, Watson’s joint venture consultants and attorneys help to:
- Assess the risks of entering into a JV agreement relationship;
- Analyze the new rules to substantive adjustments to the company structure;
- Interpret SBA joint venture regulations and provide sound legal direction;
- Help with joint venture agreement for construction;
- Litigate JV disputes and allegations of affiliation; and
- Appeal adverse SBA decisions.
For immediate help, call our procurement attorneys at 1-866-601-5518. FREE INITIAL CONSULTATION.
JV Contracts Must Comply With Regulations: Companies often find that the contents of their joint venture agreement do not meet the statutory requirements. As a result, they become subject to legal scrutiny and end up losing contract awards.
Despite New SBA Rules, Companies Can Still be Subject to Affiliation: When bidding on, or after receipt of a government contract award, the last thing a company needs is to defend against an affiliation or Ostensible Subcontractor Rule bid protest challenge. We help our clients to:
- Avoid pitfalls of forming a joint venture relationship
- Understand how the new SBA regulations can impact joint venture contracts
- Learn more about similarly situated small businesses and new rule.
Since the SBA has proposed new joint venture regulations, contractors should be particularly aware of the regulation changes. Our focuses on resolving JV agreement disputes for small businesses and providing appellate legal support throughout the United States.
Joint Venture Definition & Meaning 13 CFR 124. 513?
Meet SBA Guidelines: Under SBA 8(a) regulations, and 13 CFR 124. 513 joint venture definition an approved 8(a) Program participant can enter into a Joint Venture agreement with one or more small businesses. When summarizing what is a joint venture agreement for purposes of federal government contracting, if the managing small business brings very little to the table, the SBA may not approve the JV agreement.
- Even if you are a non-8(a) company, you still must follow SBA joint venture contract requirements in 13 CFR 124.513 (c).
- Court decisions find that contractors still violate SBA joint venture agreement regulations.
SBA Joint Venture Certification and JV Agreement Work Performance
The new SBA joint venture agreement rules mandate that partners involved in SDVOSB, HUBZone, WOSB, or small business set-aside procurements certify to the contracting officer that while performing the contract, they will comply with the joint venture regulations and also in compliance with the joint venture agreement. The JV agreement partners would also have to report to the contracting officer how they are meeting the regulatory requirements.
The Benefit to Small Business: The SBA expressed its concern that companies entering into a joint venture agreement under SBA regulations must benefit the small business. The focus is to prevent other government contractors from fraudulently benefiting from the small business programs. Government remedies for dealing with criminal or civil fraud can be suspension and debarment or stiff fines.
The SBA has issued new rules regarding joint venture relationships and limitation on subcontracting. View here.
Additional SBA Joint Venture Agreement Information
Call Our Federal SBA Joint Venture Agreement Lawyers
If you are a small business seeking to draft a contractual SBA joint venture agreement to meet SBA rules under 13 CFR 124 and federal contract teaming agreement laws, call our government contract lawyers and Joint venture consultants at 1-866-601-5518 for a free initial consultation.