![]() As such, a quick refresher is in order.Īttorney-client privilege. Instead, the common interest privilege is basically an expanded version of the attorney-client privilege. In other words, the common interest privilege is not a stand-alone privilege wholly separate and apart from the attorney-client privilege. The common interest privilege is an extension of the attorney-client privilege. The History of the Common Interest Privilege This article will also touch on some practice pointers that might help attorneys safeguard the common interest privilege and avoid potential waiver. In doing so, this article will review some situations in which the common interest privilege is likely to arise, including some scenarios particularly pertinent to this audience, such as product defect litigation and insurance disputes. ![]() Haven, the joint venture by Amazon, Berkshire Hathaway, and JPMorgan Chase, is yet another example of a failed joint venture.This article will examine the nuts and bolts of the common interest privilege. The arrangement went so sour that Tiffany & Co was ordered to pay Swatch Group $448M. Despite some difficulties, both parties benefited from the arrangement by playing on each other’s strengths.įor an example of a failed joint venture, it’s hard to look past the one between luxury jewelry company, Tiffany & Co, and famed watch retailer, Swatch Group. It involved the iconic coffee chain setting up shop in Barnes & Noble bookstores. The two companies entered into a joint engineering agreement in 2016 and jointly developed the production of a self-driving car, which Uber plans to deploy in the near future.Īnother oft-cited example is the joint venture between Starbucks Corporation and Barnes & Noble. The joint venture between Volvo Cars and Uber is also considered an example of a successful joint venture. This example is by and large considered to be one of the most successful joint ventures in recent times, culminating in Sony buying out Ericsson. The joint venture’s objective was to create more advanced cell phones. One of the most well-known is Sony Ericsson, a joint venture between Japanese electronics giant, Sony Corporation, and Swedish telecommunications company, Ericsson, in 2001. There is no shortage of examples of joint ventures. When considering entering into this cooperative arrangement, it’s also vital to be cognizant of the tax implications involved. How long the joint venture will be for (i.e., for a limited time or indefinitely). ![]() How losses, liabilities, and conflict will be dealt with.The bank account the joint venture will use.How the joint venture will be formed (including any relevant state laws governing it). ![]()
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