joint venture
joint ven·ture /-'ven-chər/ n
1: a cooperative business agreement or partnership between two or more parties that is usu. limited to a single enterprise and that involves the sharing of resources, control, profits, and losses compare combination
2: a criminal undertaking by two or more persons in which each intentionally takes part
— used in the law of Massachusetts

Merriam-Webster’s Dictionary of Law. . 1996.

joint venture
When two independent businesses wish to combine forces in a business project, they may form a joint venture to operate the new project as a separate enterprise. This can take the form of a simple contractual arrangement, a partnership or a joint venture company.

Easyform Glossary of Law Terms. — UK law terms.


joint venture
n.
A commercial enterprise similar to a partnership, in which two or more parties join together for the purpose of carrying out a single commercial enterprise, for which they share assets, liability, and control.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


joint venture
an association of persons formed to carry through a single piece of business, as opposed to a partnership, which implies continuity of business. Nevertheless, in the absence of a specific corporate form being employed, partnership principles apply to joint ventures. The accounting treatment of joint ventures differs according to the magnitude of the venture. The point is that if the venture is of sufficient magnitude to warrant a distinct set of books being kept, no special book-keeping treatment is necessary. However, if the books of each participant record only such transactions as affect him directly, special treatment is necessary. In such cases the practice is for each party to open one account only, that account specifically relating to the venture; in that account are recorded all payments made and all sums received by the person in connection with the venture.

Collins dictionary of law. . 2001.


joint venture
An enterprise entered into by two or more people for profit and for a limited purpose, such as the purchase or improvement of real estate. A joint venture has most of the elements of a partnership, except that it anticipates a defined period of operation after which it terminates.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.

joint venture
1) This is a term of art to describe formal co-operation between two or more companies. A joint venture can be a simple contractual arrangement or structured as an independent company. Joint ventures are heavily regulated by competition law. You must speak to a member of the legal department if you are considering a joint venture.
2) This term has no specific meaning in English law. It describes a commercial arrangement between two or more economically independent entities that can take a number of legal forms for the purpose of executing a particular business undertaking.
3) This is a term of art to describe formal co-operation between two or more companies. A joint venture can be a simple contractual arrangement or structured as an independent company.
Related links
+ joint venture
USA
A commercial collaboration between two or more independent entities, formed for either a single purpose project or a continuing business. Joint ventures can be formed:
• As new entities, jointly owned or owned in an agreed proportion by the joint venture parties.
• When one party buys an interest in an existing entity's start-up or developing business.
• Through a contractual relationship without the use of a separate entity (sometimes referred to as alliances or strategic alliances).
For more information, see Practice Note, Joint Ventures: Overview (www.practicallaw.com/0-380-9579).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


joint venture
n. An unincorporated business venture with two or more participants who share the financial risk and gain.

Webster's New World Law Dictionary. . 2000.


joint venture
An association of two or more individuals or companies engaged in a solitary business enterprise for profit without actual partnership or incorporation; also called a joint adventure.

Dictionary from West's Encyclopedia of American Law. 2005.


joint venture
An association of two or more individuals or companies engaged in a solitary business enterprise for profit without actual partnership or incorporation; also called a joint adventure.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

joint venture
n.
   an enterprise entered into by two or more people for profit, for a limited purpose, such as purchase, improvement and sale or leasing of real estate. A joint venture has most of the elements of a partnership, such as shared management, the power of each venturer to bind the others in the business, division of profits and joint responsibility for losses. However, unlike a partnership, a joint venture anticipates a specific area of activity and/or period of operation, so after the purpose is completed, bills are paid, profits (or losses) are divided, and the joint venture is terminated.
   See also: partnership

Law dictionary. . 2013.

Look at other dictionaries:

  • joint-venture — ou joint venture [ dʒɔjntvɛntʃɶr ] n. f. • v. 1970; mot angl. amér. ♦ Anglic. Écon. Association d entreprises ayant pour objet la réalisation d un projet commun. Des joint ventures. Recomm. offic. coentreprise. ● joint venture, joint ventures nom …   Encyclopédie Universelle

  • joint venture — ou joint venture [dʒɔjntvɛntʃœʀ] n. f. ÉTYM. V. 1970; mot angl. des États Unis signifiant « entreprise (venture) commune ». ❖ ♦ Anglic. Écon. Association d entreprises avec partage des frais et des risques, ayant pour objet la réalisation d un… …   Encyclopédie Universelle

  • Joint Venture — Joint Ven|ture 〈[ dʒɔınt vɛ̣ntʃə(r)] n.; s, s〉 für ein bestimmtes Projekt befristete Arbeitsgemeinschaft mit gemeinsamer Verantwortung [engl., „gemeinsame Unternehmung, gemeinsames Risiko“] * * * Joint Ven|ture [ d̮ʒɔ̮ynt vɛnt̮ʃɐ ], das; [s], s… …   Universal-Lexikon

  • Joint Venture — Joint Ven|ture [ dʒɔint vɛntʃə] das; [s], s <aus engl. amerik. joint venture »Gemeinschaftsunternehmen« zu engl. joint (vgl. ↑Joint) u. venture »Unternehmung, Wagnis«> vorübergehender od. dauernder Zusammenschluss von Unternehmen zur… …   Das große Fremdwörterbuch

  • joint\ venture — ou joint venture [ dʒɔjntvɛntʃɶr ] n. f. • v. 1970; mot angl. amér. ♦ Anglic. Écon. Association d entreprises ayant pour objet la réalisation d un projet commun. Des joint ventures. Recomm. offic. coentreprise …   Encyclopédie Universelle

  • joint venture — joint ventures N COUNT A joint venture is a business or project in which two or more companies or individuals have invested, with the intention of working together. [BUSINESS] It will be sold to a joint venture created by Dow Jones and… …   English dictionary

  • joint venture — / dʒɔint vɛntʃə/, it. / dʒɔin(t) vɛntʃur/ locuz. ingl. (propr. rischio [venture ] congiunto [joint ] ), usata in ital. come s.f., invar. (econ.) [accordo di collaborazione fra imprese per realizzare un progetto di investimento di grande impegno]… …   Enciclopedia Italiana

  • joint venture — /dʒointˈvɛntʃur, ingl. ˈdʒɔentˌvɛntʃə(r)/ [loc. ingl., comp. di joint «unito, congiunto» e venture «impresa rischiosa, speculazione»] s. f. inv. (econ., fra imprese) associazione, alleanza …   Sinonimi e Contrari. Terza edizione

  • joint venture — (izg. džòint vȅnčer) DEFINICIJA ekon. zajedničko ulaganje u neki posao; suradnja dvaju partnera [joint venture ugovor] ETIMOLOGIJA engl …   Hrvatski jezični portal

  • joint venture — noun count BUSINESS an agreement between two companies to work together on a particular job, usually in order to share any risk involved …   Usage of the words and phrases in modern English

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