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

Seen and Heard

What made you want to look up joint venture? Please tell us where you read or heard it (including the quote, if possible).


to cast off or become cast off

Get Word of the Day daily email!