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Residential Purchase Agreement And Joint

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Michael Henderson worked as a subcontracted electrician for a house building business in the 1980s and 1990s. He always worked alongside another subcontractor, Dave Harrison, a plumber. When the house builders went into liquidation in the middle of a building project, it left both Michael and Dave with no work. Out of this crisis the joint venture of Henderson and Harrison began. Michael explains how they went about it.



What I did

Join forces with someone else so I could tender for larger projects

"Having put all my eggs in one basket, the work suddenly dried up when the builders went into liquidation. Both Dave and I continued to see the job through to the end working with the liquidators, and planning the work between us. A few months later, a large project came up for tender - but only for VAT-registered businesses. Dave and I discussed bidding for the work together under a joint venture of Henderson and Harrison as we couldn't do it under our own individual names because we weren't VAT registered. It was also attractive because the work called for electrics and plumbing together. We shook hands and decided to split the profits 50:50. The joint venture between us has continued from that moment."

Identify complementary skills

"It's a question of mixing and matching our talents to make the most of our skills. Dave is a hands-on person, so he supervises the jobs on site. He works well with the lads and is very knowledgeable about the technical side of plumbing. Dave always said I'm the one with the business brain, so I work in the office and I also go out to quote for new jobs. I like working with new customers, I'm a people person. Identifying and playing to your strengths is the key to working within a joint venture, it means we're both happy in our work."

Consider formalising the arrangement

"Our arrangement at the moment is a verbal one - we split everything 50:50. However, at some stage it's possible that we could put everything on an official footing. We would need to use a solicitor to draw up a proper agreement, which would formalise how we would divide up our profits and the value of assets, such as the stock and our vehicles."

What I'd do differently

Agreed to set up the partnership sooner

"Dave and I should have set up our joint venture sooner. Although we were happy working as individual contractors, once we joined forces, we could bid for bigger jobs and have the chance of making more profits. We did it because circumstances more or less forced us into it, but sometimes it's worth just taking the decision to move your business on and looking at a larger picture."
Residential Purchase Agreement And Joint
A joint lock is when you use your arm or legs to pull the joint of your opponent into a position that causes pain or discomfort. The lock can also hold your opponent in place until he or she submits or stops struggling. Grappling or Brazilian jiu-jitsu is a martial art where joint locks are common. The idea to get close to your opponent and to grab him in a hold is the centerpiece to grappling concept. Once the opponent is on the ground the fighter can maneuver to get a better grip or to change the hold so that the opponent will submit faster.

In competition or when sparring, some joint locks are not permitted. If the area of the joint is anywhere around the knees and ankles which are easily torn or the spine which could cause paralysis or worse, then the use of these locks is prohibited. The ankles and knees are especially vulnerable to these types of locks because the ligament could be torn or a knee cap could get knocked out of place. Reconstructive surgery is expensive and the recovery time is long. It is not advisable for anyone to attempt a joint lock on another person unless the fight was real and you are in danger.

Competition does allow for joint locks in the wrist. By using your hand and body weight against a persons wrist, you can cause the person you are fighting to reverse their movement of attack or submit in pain if the hold is good. There is more flexibility in the wrist area and injury is not as common. Another area is the elbow. By putting pressure on the opposite hinge of the elbow will cause the opponent to submit from either pain or their inability to break the hold. Too much pressure in this grappling technique and the elbow can hyperextend and serious injury can occur.

A grappler not only wants to hold down the fighter but they are also trained in inflicting pain. They are taught pressure points where pain can be inflicted and submission will commence. Pressure points are areas of the body that has a large concentration of nerve endings. When pressure is applied to this area intense pain is felt and the natural reaction is to go in the opposite direction of the pressure or to jerk away quickly. Using pressure points in grappling can allow the fighter to maneuver the opponent in the direction of their choosing by picking the appropriate spot to apply pressure.

Remember you level of training when trying joint locks or pushing pressure points. At lower level you are too inexperienced and you might cause serious injury to your sparring partner. At the upper levels of competition remember that the person you are fighting is trained as you are and any attempt to use joint locks or pressure points will be met with matching resistance. Remember though the idea is to win your match, using a joint lock or pressure point may be using too much force in a friendly sparring match. Use your head before you use your body and fewer injuries will occur.
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