Legal Definition and Related Resources of Joint Venture
Meaning of Joint Venture
An association of two or more persons to carry out a single business enterprise for profit for which purpose they combine their property and services. See O’Hara v Architects Hartung & Ass’n., 326 N.E.2d 283, 163 Ind.App. 661. The essentials of a joint venture are an association of persons undertaking some commercial enterprise; a community of interest in the performance of the common purpose, a proprietary interest in the subject matter; a right to direct and govern the policy in connection therewith; and a duty, which may be altered by agreement , to share both in profit and losses. See Russell v Klein, 339 N.E.2d510, 331!!.App.3d 1005.
International Trade Meaning and Definition of Joint Venture
An agreement of two or more companies to pool their resources to execute a well-defined mission. Resource commitments, responsibilities, and earnings are shared according to a predetermined contractual formula.
Related Entries of Joint Venture in the Encyclopedia of Law Project
Browse or run a search for Joint Venture in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Joint Venture in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Joint Venture in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Joint Venture in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
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Joint Venture Legal Definition
An association of persons jointly undertaking some commercial enterprise. Unlike a partnership, a joint venture does not entail a continuing relationship among the parties.
Joint Venture Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Joint Venture in a way that is easy for anybody to understand: When two or more persons or organizations gather CAPITAL to provide a product or service. Often carried out as a PARTNERSHIP.
Joint Venture in the context of Real Property
See: Joint Adventure in this legal Dictionary.
Joint Venture in the context of Real Property
See: Joint Adventure in this legal Dictionary.
Resources
Legal English Vocabulary: Joint Venture in Spanish
Online translation of the English legal term joint venture into Spanish: empresa en participación (English to Spanish translation) . More about legal dictionary from english to spanish online.
Related to the Legal Thesaurus
Joint venture in Global Commerce Policy
In this regard, joint venture is: a cooperative association between two or more firms or individuals to carry out a specific activity. Joint ventures may be dissolved when a task, such as the construction of a bridge or a research and development project, has been completed. The entries on trade policy are here. In the case of a production facility, there may be agreement to dissolve the joint venture after a fixed number of years, usually along previously agreed guidelines. The main reasons for the formation of joint ventures include the pooling of financial, technical or intellectual resources, sharing risks or developing new markets. Sometimes, forming a joint venture with a local company is the only realistic way to enter a new market. See also ASEAN Industrial Cooperation Scheme, intellectual property protection and transfer of technology.[1]
Joint venturein the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Joint venture” entry (OAS)
See Also
Resources
See Also
- Enterprise
- Joint Enterprise
- Joint Venture
Hierarchical Display of Joint venture
Business And Competition > Business classification > Type of business
Business And Competition > Business organisation > Economic concentration
Business And Competition > Competition > Competition law
Business And Competition > Legal form of organisations > Organisation > Consortium
Meaning of Joint venture
Overview and more information about Joint venture
For a more comprehensive understanding of Joint venture, see in the general part of the online platform.[rtbs name=”xxx-xxx”]
Resources
Translation of Joint venture
- Spanish: Empresa común
- French: Entreprise commune
- German: Gemeinsames Unternehmen
- Italian: Impresa comune
- Portuguese: Empresa comum
- Polish: Joint-venture
Thesaurus of Joint venture
Business And Competition > Business classification > Type of business > Joint venture
Business And Competition > Business organisation > Economic concentration > Joint venture
Business And Competition > Competition > Competition law > Joint venture
Business And Competition > Legal form of organisations > Organisation > Consortium > Joint venture
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