@dtab
Exactly Split.
So much has been discussed re the rights under the JV as to control, contributions etc etc. I think people should look to the legal purpose of JV's before diverting conversation down rabbit holes with no Creedance.
I'm a business person, not a legal expert, but broadly speaking:
JV in a legal sense operate on the terms of the JV, otherwise they have no purpose and should be wound up.
Contributions to JV's are usually by agreement as specified in the JV, for example in general it could state $contribution terms / expertise contribution etc, but it will be stated. The "venture" is only relevant for the term, or while it is productive to the various parties. The perceived venture will be drawn up to specify the perceived roles and obligations required for the term of the JV.
As for 75%V25% power control, that is rubbish for a JV, it will be managed by the JV terms, otherwise it should be disbanded, by mutual agreement or via the terms via legal pathways if required.
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