joint venture

joint venture
A legal entity in the nature of a partnership engaged in the joint undertaking of a particular transaction for mutual profit. Tex-Co Grain Co. v. Happy Wheat Growers, Inc., Tex.Civ.App., 542 S.W.2d 934, 936.
n association of persons or companies jointly undertaking some commercial enterprise; generally all contribute assets and share risks. It requires a community of interest in the performance of the subject matter, a right to direct and govern the policy in connection therewith, and duty, which may be altered by agreement, to share both in profit and losses. Russell v. Klein, 33 Ill.App.3d 1005, 339 N.E.2d 510, 512.
one-time grouping of two or more persons in a business undertaking. Unlike a partnership, a joint venture does not entail a continuing relationship among the parties. A joint venture is treated like a partnership for Federal income tax purposes. I.R.C. No. 7701(a).
- joint adventure
- joint enterprise.
Compare corporation

Black's law dictionary. . 1990.

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  • 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 …   Law dictionary

  • 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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