Joint Venture Agreement
/ˈdʒɔɪnt ˈvɛn.tʃər əˈgriːmənt/
Definitions
- (n.) A legally binding contract between two or more parties agreeing to collaborate on a specific business project or enterprise sharing profits, losses, and control.
The companies signed a joint venture agreement to develop new technology together.
Forms
- joint venture agreement
- joint venture agreements
Related terms
See also
Commentary
Drafting a joint venture agreement requires clear allocation of rights, responsibilities, and dispute resolution mechanisms to prevent conflicts between parties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.