Joint ventures have become increasingly common in veterinary medicine, often presented as an opportunity for ownership, partnership, and long-term upside.

After reviewing more than 20 joint venture agreements in the past year, we’ve identified consistent structural patterns that veterinarians should understand before signing.

In this episode, we discuss:

• The typical structure of veterinary joint ventures
• Key provisions and how they impact ownership and control
• The role of management agreements and financial obligations
• Common risks, including limitations on exit and long-term restrictions

While these arrangements can offer benefits in certain circumstances, they also involve complex legal and financial considerations that are not always immediately apparent.

This episode provides a practical framework for evaluating joint venture opportunities and understanding what to look for in the underlying agreements.