Federal News Network – Joint ventures (JV) created under the Small Business Administration’s Mentor-Protégé Program (MPP) provide outstanding benefits for protégés to gain access to their mentors’ experience, resources, technical capabilities and past performance, and also benefit mentors by allowing them to expand their capabilities by pursuing small business contract opportunities for which they often otherwise would be ineligible. These benefits, however, are conditioned on strict compliance with SBA’s regulations, including the requirements governing the form and content of JV agreements. Parties creating JVs under the MPP must make sure to avoid the following common pitfalls.

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