joint venture


joint ven·​ture
: 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
: a criminal undertaking by two or more persons in which each intentionally takes part
used in the law of Massachusetts

Dictionary Entries Near joint venture

Cite this Entry

“Joint venture.” Legal Dictionary, Merriam-Webster, Accessed 13 Apr. 2024.

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