Uruguay - Joint Ventures/LicensingUruguay - Joint Ventures/Licensing
Joint ventures and licensing agreements are common in Uruguay. Uruguayan law considers joint ventures as separate legal entities, project-specific, and consortia or contractual entities. Joint ventures typically are formed for infrastructure projects when several national and international firms combine their expertise in providing the necessary solutions. The law also allows for public-private partnerships (PPPs) as well. While not as widespread, licensing arrangements are used in media and retail sectors.