Law Dictionary

joint venture

noun joint ven·ture \-ˈven-chər\

Legal Definition of joint venture

  1. 1 :  a cooperative business agreement or partnership between two or more parties that is usually limited to a single enterprise and that involves the sharing of resources, control, profits, and losses — compare combination

  2. 2 :  a criminal undertaking by two or more persons in which each intentionally takes part —used in the law of Massachusetts


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a dividing ridge between drainage areas

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