The case of General Motors UK Ltd v The Manchester Ship Canal Company Ltd concerned a licence agreement which allowed General Motors to discharge surface water into the canal for a modest annual fee of £50.
Shareholders' agreements, partnerships, LLPs and joint ventures
It is important for the shareholders in the company, partners in a partnership or members of an LLP to be clear on the following:
• what decisions need additional consent;
A joint-venture will not always need to be operated through a separate entity. Sometimes you can simply enter into a commercial agreement where you agree who will do what and how much they will be paid or pay for what.