On April 27, we hosted a webinar on teaming, joint ventures, and mentor protégé programs with the University of Hartford’s Entrepreneurial Center and Women’s Business Center presented by Cohen Seglias partner Maria Panichelli.
In today’s federal contracting market, a growing number of government contracts are set-aside for various types of small businesses. It’s no surprise that, in this highly competitive environment, cooperative contractor relationships – including teaming and joint-venturing – are increasingly popular among small and large businesses alike. However, when done incorrectly, these types of relationships can have disastrous consequences, even destroying your small business eligibility. In this webinar, we demonstrated the right way to team and JV. We also covered the differences between teaming and joint venturing, how to avoid the common pitfalls and problems of teaming and joint venturing, and how to form a compliant team or JV. We also touched upon how to draft an enforceable teaming agreement. Finally, we discussed the SBA’s mentor protégé programs. Recent legal developments were also covered.